TERM	A.P.R	A.P.Y
6 months	.80%	.81%
12 months	.95%	.95%
24 months	1.10%	1.11%
IRA	.75%	.76%

Traditional IRA
Your retirement savings accumulates tax deferred until you start withdrawing it in your retirement. Under some circumstances, your traditional IRA contribution can be deducted from your gross income on your federal tax return. You must start withdrawing funds no later than age 70 ½, and some or all these distributions will be taxable income.

Roth IRA
These retirement funds accumulate tax-free. Contributions to a Roth IRA are never deductible on your federal tax return. The major tax benefits associated with a Roth IRA happen when you make withdrawals: Withdrawals, subject to certain rules, are not taxed. Plus, the Roth IRA does not require you to start withdrawing the funds by age 70 ½. There are income restrictions that may limit how much you can contribute to a Roth IRA.

Coverdell Education Savings Account (formerly Education IRA)
Opening one of these accounts is one way to get a head start on future postsecondary education expenses by investing up to $2,000 a year per child younger than age 18. The contribution is not tax-deductible. Instead, earnings grow tax-free and you pay no taxes or penalties on money withdrawn to pay for qualified expenses (tuition, fees, books and equipment) required for enrollment or attendance before the beneficiary reaches age 30.

Certificates of Deposit

CDs are a good way to increase your returns and diversify your financial portfolio without having to play the stock market. Metropolitan Federal Credit Union offers some of the most competitive rates around for our CDs. And with a minimum deposit of only $1000.00, CD's can make a difference in your financial security.

Thinking of rolling over your IRA? At Metropolitan, all you need is a $500.00 minimum to transfer into one of our six, twelve, or twenty-four month Certificates of Deposit. Give your money some muscle with a CD from Metropolitan Federal Credit Union. 

Individual Retirement Account (IRA)

An IRA is a tax deferred account that must be retained until a specific age in order to reap its full benefit. But what a benefit! IRAs create a base for your future by adding up slowly over a long period of time. There is a maximum yearly contribution and a 10% penalty for withdrawal before age 59 ½ under most circumstances, but IRA’s receive some of the best return rates of any financial vehicle out there. 

You have to save for the future, why not start today with one of our IRAs? With the option to choose between a Traditional or Roth IRA, the only difficult decision to make is which of these retirement funds works best for your situation.