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Maximize your retirement with a St. Mary's Credit Union IRA! These tax-advantaged accounts compound more quickly than taxable accounts, potentially earning more money for your retirement.

The biggest decision to make when deciding which IRA is right for you is whether you want to save on taxes now or after you retire. And the sooner you start contributing, the more you'll have for your golden years. Open one today!

Check out our current rates and savings calculators.

Individual Retirement Accounts (IRAs)
  • Tax-advantaged retirement savings*
  • Competitive interest rates
  • Traditional and Roth IRAs available
  • No setup fees
  • No monthly or annual maintenance fees
  • $5,500 contribution limit per year
  • Additional $1,000 "catch-up" contribution allowed for ages 50+

If you have any questions about an IRA or if you would like to learn more about planning for retirement, please call our Member Service Center at (866) 585-7628 today.

*Consult a tax advisor.

Traditional IRA

  • Income limits apply
  • No minimum contribution in any year
  • Contributions are tax deductible on state and federal income tax*
  • Earnings are tax deferred until withdrawal
  • Withdrawals can begin at age 59½
  • Early withdrawals subject to penalty**
  • Mandatory withdrawals at age 70½

Roth IRA

  • Income limits to be eligible to open Roth IRA
  • Contributions are NOT tax deductible
  • Earnings are 100% tax free at withdrawal*
  • Principal contributions can be withdrawn without penalty*
  • Withdrawals on interest can begin at age 59½
  • Early withdrawals on interest subject to penalty**
  • No mandatory distribution age
  • No age limit on making contributions as long as you have earned income

A Coverdell ESA is a special type of tax-deferred savings vehicle used to defray the cost of qualified educational expenses for children. You can contribute up to $2,000 per year until the child reaches 18 years of age.

  • Save to fund your children's education
  • No setup or annual fee
  • Dividends grow tax-free
  • Withdrawals are tax-free when used for qualified education expenses*
  • Certain income limits apply for contributions*
  • Contribution limit is $2,000 for each tax year per.
  • Contributions can be accepted until a child is 18-year-old.
  • Account must be distributed by the time the child turns 30-years-old**
  • Contributions are not tax deductible
  • $500 deposit to open