What is it?

Enjoying your retirement will be a whole lot easier if you have the funds to retire. That’s where a Money One IRA comes in handy.

Enjoy tax-advantaged retirement savings that retain federal deposit insurance. The sooner you get started, the more secure your future. That’s why we make it easy to get started, with only $25 needed to open an IRA with Money One.

What are the Benefits?

  • Tax-advantaged retirement savings
  • Competitive dividends above standard savings rates
  • Traditional and Roth IRAs
  • No setup or maintenance fees
  • Easy IRA rollover plans
  • Deposit as tiered share or savings certificate
  • High contribution limit per year
  • Additional “catch-up” contribution allowed for ages 50+
  • $25 minimum deposit to open
  • Federally insured up to $250,000 by NCUA

Check out our current rates.

Traditional IRA

  • No income limits to open
  • 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

  • Adjusted gross income must be less than $135,000 (single) or $199,000 (married-filing-jointly) to contribute (as of 2019)
  • 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  • Principal contributions can be withdrawn without penalty*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

Get in Touch

We look forward to speaking with you about retirement accounts!

  • For security reasons, please refrain from including: account numbers, social security numbers or other identification numbers within this online form. If you would like to send a message that references sensitive or specific account information, please send us a secure message. To do this, please log into Online Banking and click send us a Secure Message within the Services section.
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*Subject to some minimal conditions. Consult a tax advisor. **Certain exceptions apply, such as healthcare, purchasing first home, etc.

Call us (301) 925-4600

Monday-Friday 8:30am-4:30pm

or Contact Us online anytime