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Traditional IRA

Save for Tomorrow and Today.

Start saving for retirement or supplement your existing savings with a traditional IRA.

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Traditional IRA

Benefits of Opening a Traditional IRA

This retirement savings plan lets you save today by claiming deductions on what you add to it. The money in your account will grow tax-free until you withdraw it at retirement, helping support your future. Here are a few benefits to consider:

  • Consolidate retirement funds
  • Flexible term options from three to 60 months
  • Tax-deferred earnings and, if eligible, money in the account may be tax-deferred*
  • Available to any individual with earned income
  • FDIC-insured (within guidelines) Ability to start or sustain retirement savings

More Details About Our Traditional IRA

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Contributions

As of 2023, IRA owners under 50 can contribute $6,500 per year, and those 50 or older can contribute $7,500. You can start growing your retirement savings today with tax-deferred growth.

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Consolidate Your Retirement

Our traditional IRA retirement plan makes it easier for you to manage your savings. You can roll over your 401(k) or employer-sponsored retirement plan to combine your retirement funds into one account.

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Online and Mobile Banking

We made banking on the go more straightforward with online and mobile banking. Use a desktop or our mobile app to view your account details and deposit funds.

Learn More About Online and Mobile Banking

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Financial Tools

Take a look at your full financial picture right where you do your banking. We’ve been collecting all the tools you need to help you build what’s next.

Let Us Help You Save for the Future

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*Consult your tax advisor for more information.

My MSB Savings

MSB makes savings simplified with our savings account. High account balances result in increased interest rates to help you reach your financial goals sooner. Enjoy unlimited in-person transactions and no minimum balance or monthly fee.

Learn More about MSB savings

My MSB Checking

Open a My MSB Checking account with no minimum balance or monthly fees. Enjoy banking that’s easy and straightforward, designed with you in mind.

Learn More about My MSB Checking

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 My MSB Money Fund
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