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.