Traditional & Roth IRAs

Save for the retirement you want to enjoy

Enjoy steady earnings and a variety of tax breaks*

No hidden fees

Track your savings growth with Online and Mobile Banking

Explore your IRA options.

Whether you're starting your first job around Baltimore, MD, or pivoting during a significant mid-career move, it's the perfect time to invest in a MECU Credit Union IRA. As you make steady contributions over the years, you can create retirement savings to enjoy your version of an ideal retirement.

Choose between Traditional and Roth IRAs, both with specific tax advantages your financial advisor can explain in full detail. All IRA accounts are insured by the National Credit Union Administration, a federal government agency.

Choose the accounts you’d like to compare

Traditional IRA

Roth IRA

Traditional IRA

Roth IRA

Contribute up to $7,500 a year in 2026
($8,600 max if over age of 50)

Annual contributions may be tax-deductible

Investment interest and dividends grow tax-free; withdrawals are not taxed*

Must take annual distributions beginning at age 73

No mandatory distribution age

Early withdrawals (before age 59 ½) incur 10% tax penalty in many instances

No early withdrawal penalties in many instances for higher education or purchase of first home*

Roth vs. Traditional IRA Calculator

RewardChecking

Earn More with Everyday Checking

Make the most of your daily spending while earning rewards on your everyday purchases.

Start Earning

Traditional & Roth IRAs

Save for the retirement you want to enjoy

Explore your IRA options.

Choose the accounts you’d like to compare

Traditional IRA

Roth IRA

Helping you grow your savings with confidence.

Put an IRA in play for your retirement savings strategy.