Individual Retirement Arrangements (IRAs) are tax-advantaged investment accounts that provide a convenient way to prepare for your financial future. Our IRA options are designed to make retirement savings accessible, convenient, and painless, with unique benefits that allow you to tailor your savings strategy to fit your financial goals.
Traditional IRA Your pre-tax contributions can add up quickly, so start saving early and often to maximize your benefits! Your contributions may be tax-deductible, lowering your taxable income for an immediate tax benefit. Traditional IRAs offer tax-deferred growth, so you won’t need to pay taxes on your funds until you withdraw them.
IRAs can be complicated and are governed by the IRS. We aren’t tax advisors, but we can help you navigate the process.
| Term | Rate | APY** |
| 3 Months | 3.928% | 4.00% |
| 6 Months | 4.410% | 4.50% |
| 1 Year | 3.832% | 3.90% |
| 18 Months | 3.639% | 3.70% |
| 2 Years | 3.639% | 3.70% |
| 30 Months | 3.542% | 3.60% |
| 3 Years | 3.494% | 3.55% |
| 4 Years | 3.494% | 3.55% |
| 5 Years | 3.494% | 3.55% |
| Term | Rate | APY** |
| 1 Year | 3.928% | 4.00% |
| 18 Months | 3.735% | 3.80% |
| 2 Years | 3.735% | 3.80% |
| 30 Months | 3.639% | 3.70% |
| 3 Years | 3.590% | 3.65% |
| 4 Years | 3.590% | 3.65% |
| 5 Years | 3.590% | 3.65% |
| Term | Rate | APY** |
| 1 Year | 4.025% | 4.10% |
| 18 Months | 3.832% | 3.90% |
| 2 Years | 3.832% | 3.90% |
| 30 Months | 3.735% | 3.80% |
| 3 Years | 3.687% | 3.75% |
| 4 Years | 3.687% | 3.75% |
| 5 Years | 3.687% | 3.75% |
Roth IRA Your post-tax contributions can add up quickly, so start saving early and often to maximize your benefits! With a Roth IRA, your money grows tax-free and qualified withdrawals in retirement are tax-free as well.
IRAs can be complicated and are governed by the IRS. We aren’t tax advisors, but we can help you navigate the process.
| Term | Rate | APY** |
| 3 Months | 3.928% | 4.00% |
| 6 Months | 4.410% | 4.50% |
| 1 Year | 3.832% | 3.90% |
| 18 Months | 3.639% | 3.70% |
| 2 Years | 3.639% | 3.70% |
| 30 Months | 3.542% | 3.60% |
| 3 Years | 3.494% | 3.55% |
| 4 Years | 3.494% | 3.55% |
| 5 Years | 3.494% | 3.55% |
| Term | Rate | APY** |
| 1 Year | 3.928% | 4.00% |
| 18 Months | 3.735% | 3.80% |
| 2 Years | 3.735% | 3.80% |
| 30 Months | 3.639% | 3.70% |
| 3 Years | 3.590% | 3.65% |
| 4 Years | 3.590% | 3.65% |
| 5 Years | 3.590% | 3.65% |
| Term | Rate | APY** |
| 1 Year | 4.025% | 4.10% |
| 18 Months | 3.832% | 3.90% |
| 2 Years | 3.832% | 3.90% |
| 30 Months | 3.735% | 3.80% |
| 3 Years | 3.687% | 3.75% |
| 4 Years | 3.687% | 3.75% |
| 5 Years | 3.687% | 3.75% |
Educational IRA Officially known as a Coverdell Education Savings Account, these educational IRAs are designed to help cover future educational expenses. Contributions are not tax-deductible, but you can use penalty-free, tax-free distributions for qualified educational expenses.
IRAs can be complicated and are governed by the IRS. We aren’t tax advisors, but we can help you navigate the process.
| Term | Rate | APY** |
| 3 Months | 3.928% | 4.00% |
| 6 Months | 4.410% | 4.50% |
| 1 Year | 3.832% | 3.90% |
| 18 Months | 3.639% | 3.70% |
| 2 Years | 3.639% | 3.70% |
| 30 Months | 3.542% | 3.60% |
| 3 Years | 3.494% | 3.55% |
| 4 Years | 3.494% | 3.55% |
| 5 Years | 3.494% | 3.55% |
| Term | Rate | APY** |
| 1 Year | 3.928% | 4.00% |
| 18 Months | 3.639% | 3.70% |
| 2 Years | 3.639% | 3.70% |
| 30 Months | 3.639% | 3.70% |
| 3 Years | 3.590% | 3.65% |
| 4 Years | 3.590% | 3.65% |
| 5 Years | 3.590% | 3.65% |
| Term | Rate | APY** |
| 1 Year | 4.025% | 4.10% |
| 18 Months | 3.832% | 3.90% |
| 2 Years | 3.832% | 3.90% |
| 30 Months | 3.735% | 3.80% |
| 3 Years | 3.687% | 3.75% |
| 4 Years | 3.687% | 3.75% |
| 5 Years | 3.687% | 3.75% |
When you bank with Mazuma Credit Union, you’re not just investing in your own financial future – you’re becoming part of something bigger! As a not-for-profit, Member-owned financial institution, we’re committed to improving the lives of our Members and our community.
