IRAs & Share Certificates

The road toward a more secure financial future begins with saving strategies using MIT Federal Credit Union's IRAs and Share Certificates.

IRA Share Certificates

IRA Share Certificates are a smart approach to your retirement planning.

  • Choose from Traditional and Roth IRAs
  • Open an IRA with a $500 minimum balance; Jumbo IRAs require a $50,000 minimum
  • Dividends are compounded daily and paid monthly
  • Roll dividends into the IRA Share Certificate account
  • Terms range from 12 to 60 months
  • "Jump up" option allows for a one-time increase in your dividend rate (available only for 16- and 28-month terms)
  • No monthly fees

Share Certificates

Invest your money for a specific term and grow your savings at a guaranteed rate.

  • Choose between a Traditional Certificate ($500 minimum) and a Jumbo Certificate ($50,000 minimum)
  • Dividends are compounded daily and paid monthly
  • Roll dividends into the Share Certificate account
  • Terms range from 12 to 60 months
  • "Jump up" option allows for a one-time increase in your dividend rate (available only for 16- and 28-month terms)
  • No monthly fees

IRA Share Certificates

Your retirement portfolio receives a boost from an IRA Share Certificate.

  • Traditional and Roth options provide various tax advantages (please consult your tax advisor
  • Higher dividend rates than MITFCU Savings Accounts and Certificates
  • Smart Money Rewards members receive a 0.25% rate increase

Share Certificates

Reach short-term savings goals with Share Certificates structured for steady growth.

  • Higher dividend rates than MITFCU Savings and Money Market Accounts 
  • Smart Money Rewards members receive a 0.25% rate increase