Save for retirement or a college education.
Looking ahead to retirement, it's easy to focus on the exciting - or relaxing - things you can do with your free time. But it's important to understand that you won't be free of everyday expenses. The sooner you open a Market USA Individual Retirement Account, the more money you can set aside, the more dividends you can earn, and the more you can benefit from built-in tax advantages.
It's no secret that education costs can strain a family's finances. With Coverdell ESAs, you can save money over the years to cover college or private elementary and secondary school expenses.
Contribute up to $2,000 per student per year
Rates effective as of 9/6/2025. $500 minimum to open. $100 minimum to open on the 12 Month Accumulator. Dividends are compounded daily and credited monthly.
*PREFERRED APY: The Preferred APY includes a 0.35% premium. Direct Deposit and eStatements are required to receive this premium. Your APY will decrease if you discontinue these services.
**PREFERRED APY: 10 Month Special - APY includes a 0.10% premium. eStatements are required to receive this premium. Your APY will decrease if you discontinue eStatements.
If applicant is under 18 years old, a parent or guardian who is 18 or older must be a joint owner.
Rate Disclosures
Rates effective as of 9/6/2025. Dividends are compounded and credited monthly.
Market USA Federal Credit Union is a full-service financial institution with locations in Maryland and South Carolina as well as nationwide locations through the Shared Branch Network.
View All
A Traditional IRA allows individuals to make tax-deductible contributions, and earnings grow tax-deferred until withdrawals are made during retirement. Taxes are paid on withdrawals, typically at retirement age when the individual's tax rate is potentially lower.
A Roth IRA allows individuals to contribute after-tax income, and qualified withdrawals (including earnings) are tax-free during retirement. Contributions can be withdrawn at any time without penalty.
Yes, individuals can have multiple IRAs, including different types (Traditional, Roth, etc.). However, annual contribution limits apply collectively across all IRAs of the same type.
Withdrawals from a Traditional IRA before age 59½ may be subject to a 10% early withdrawal penalty in addition to ordinary income tax unless an exception applies. Roth IRAs have more flexibility, allowing penalty-free withdrawals of contributions (but not earnings) at any time.
Required Minimum Distributions (RMDs) from Traditional IRAs must begin by April 1st of the year following the year you turn 72 (for individuals who turned 70½ before January 1, 2020, it was 70½). Roth IRAs do not require RMDs during the account holder's lifetime.
Earn one of the highest rates nationwide with no monthly maintenance fees.
Have a VIP Checking? Increase your earning power!
Earn a competitive yield while enjoying access to your funds.
No annual fee, balance transfer fee or cash advance fee.