Individual Retirement Accounts

Saving for retirement is easy with a no fee IRA account from Shrewsbury Federal Credit Union.

Features/Benefits

• No maintenance fees
• No rollover fees
• No transfer fees
• IRA Share rates earn the same great rates as our Regular Share Certificates.
• Contributions and dividends earned may be tax-deferred until withdrawn, and then the funds are taxed at your income tax rate, which in most cases, is a lower tax rate. Consult your tax advisor.
• Withdrawals can begin at age 59-1/2, but are mandatory at age 70-1/2. You can elect to have withdrawals made either monthly, quarterly, semi-annually or annually, through either of two payment methods: having a check sent to you; or the funds can be transferred to your share account or checking account.
• Retirement Calculator