Roth IRA | Personal Banking | Machias Savings Bank in Maine

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Roth IRA

Retirement Freedom

Set yourself up for the future with a Roth individual retirement account.

Roth IRA

We Can Help You Open a Roth IRA

With a Roth IRA, you can build your financial future. Set money aside now, so you can preserve your standard of living and benefit from financial freedom. Benefits of opening a Roth IRA include:

  • Earn interest on your investment
  • Choose a flexible-term Roth IRA ranging from three to 60 months
  • Get your principal contribution back at any time for any reason without taxes or IRS penalties
  • Invest after-tax dollars and grow investments tax-free* FDIC Insured (within guidelines)
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More Details About Our Roth IRA



As of the 2023 tax season, the minimum contribution is $6,500 if you are under 50 and $7,500 for those 50 or older.


Invest After-Tax Dollars

Since you pay taxes before investing the money, you can avoid taxes when making withdrawals during your retirement as long as you use a qualified distribution.**

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Online and Mobile Banking

We want to help you manage your money wherever you are. With MSB Online, you can manage your retirement account from a computer or smart device at the comfort of your home.

Learn More About Online and Mobile Banking
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MSB Online

Financial Tools

Our financial tools make hitting your goals easier. You can access information like net worth, cash flow and keep tabs on your spending using your online and mobile banking account.

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Our Disclosures

*Consult your tax advisor for more information. ** Qualified tax-free distributions are those taken after a five-year holding period for any of the following reasons: Age 59 1/2, permanent and total disability, death or first-time home purchase.

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Traditional IRA

Start a traditional IRA to save money now and in the future. You can benefit from tax deductions for your contributions and growing interest for your deposited funds to secure your retirement.

Learn More About Our Traditional IRA
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My MSB Health Savings

Make the most of your high-deductible health insurance plan with an MSB Health Savings Account. This interest-earning account is a great way to save and earn while planning for any medical expenses you might face.

Learn More About My MSB Health Savings
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My MSB Money Fund

Grow your money and enjoy easy access when you need it. The higher your deposit balance, the more interest you earn, and you can make in-person or online transactions whenever you need to.

Learn More About MSB Money Fund
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