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In observance of Patriots' Day, all Mass Bay Credit Union offices will be closed on Monday, April 20, 2026.  Online and mobile banking, ATMs, and Telephone banking are all available.

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Individual Retirement Accounts

It’s Never Too Late to Plan for Retirement

 Visit a branch                        View Today's Rate

We Offer a Variety of Individual Retirement Accounts

  • Tax-deductible deposits up to federal limits
  • Tax is deferred until you retire
  • Save on taxes by withdrawing later when your income is lower
  • Easy to open and maintain

  • Funds grow tax free
  • No tax on withdrawals in retirement
  • Penalty-free withdrawals for certain expenses before retirement
  • Not tax-deductible deposits
 

  • Help save for a child's education expenses including tuition, fees, books, and supplies
  • Nondeductible contributions that provide the potential for tax-free withdrawals
  • Anyone with earned income can contribute to a child's ESA
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