Invest in tax-advantaged savings accounts to help you plan for retirement.

Individual Retirement Accounts (IRA’s) are specifically designed to give you an advantage on your retirement savings through unique tax incentives, including compounded interest that continually grows tax deferred. These tax advantages should make investing in an IRA the foundation of your retirement portfolio.

IRAs can be opened through our Contact Center at 617-495-4460 or in any one of our branches. For more information or personal assistance, please contact us.

How It Works:

  • No minimum to open
  • After age 59 1/2, both earnings and contributions can be withdrawn penalty free
  • Any earnings grow tax deferred until withdrawn after age 59 1/2
  • Earnings withdrawn after age 59 1/2 are taxed at your current tax rate
  • Contributions may be tax deductible

How It Works:

  • No minimum to open
  • Contributions, not earnings, can be withdrawn tax and penalty free at any time
  • After age 59 1/2, if the account has been open at least 5 years, earnings can be withdrawn tax free
  • Contributions are not tax deductible

How It Works:

  • $1,000 minimum to open
  • Similar structure to regular Term Share Certificates (also known as CDs)
  • Available at terms from 6 to 60 months
    Penalties for early withdrawal will be imposed, which will reduce earnings.

NOTE: You may also be able to rollover your current retirement savings to an Harvard FCU IRA. Speak with an Harvard FCU representative for more information.

IRA Rates

Here are just a few of our current IRA rates.