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Individual Retirement Accounts (IRAs)

 

Traditional IRAs and Roth IRAs

It is never too late to start saving for your retirement. With an Individual Retirement Account at Midland Federal, the interest you earn is tax-deductible until you start taking distributions.

Midland Federal offers both Traditional IRAs and Roth IRAs. Either type of IRA can be opened as a Certificate of Deposit account, with terms ranging from six months to 60 months. The minimum to open an IRA Certificate of Deposit account is $1,000. With as little as $10, you can open a Traditional or Roth IRA in a Passbook Savings Account, which you can add to at any time.

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