A joyful multigenerational family enjoys a meal outdoors in the forest, with candles and food on the table. A smiling older man and woman sit beside a young girl holding a sandwich, while another person pours iced tea in the background.

Individual Retirement Accounts (IRAs)

Pave your path to retirement with Montana Credit Union.

Contact us about an IRANot a member yet? Join us today

Find Your Way to Your Golden Years

From fishing to hiking, traveling, or just relaxing with family and friends, however you envision your retirement, start planning for it with an Individual Retirement Account.

Why Open an IRA With Us?

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Tax Advantages*

Start saving for retirement with a tax-advantaged account.

ATM

Competitive Dividends

Earn higher dividends than you would with a traditional savings account.

No Fees

No Setup or Maintenance Fees

Take advantage of no setup, monthly, or annual maintenance fees.

Account Options

There are advantages to both traditional and Roth IRAs. One of the biggest differences is the time at which you see the most advantage. A traditional IRA provides potential tax relief today, while a Roth IRA has the potential for the most tax benefit at time of retirement.

Traditional IRA

  • No income limits to open1
  • No minimum contribution requirement
  • Contributions are tax deductible on state and federal income tax1
  • Earnings are tax deferred until withdrawal (when usually in lower tax bracket)
  • Withdrawals can begin at age 59 1/2
  • Early withdrawals subject to penalty2
  • Mandatory withdrawals based on IRS guidelines
  • $7,000 maximum annual contribution from earned income
  • Additional $1,000 “catch up” contribution allowed for ages 50+
  • $100 minimum deposit to open (and must have $25 in a Member Savings account)

 

A multigenerational family gathers around a rustic picnic table in a forest, sharing food, drinks, and laughter as golden sunlight filters through the trees. Candles and baskets of produce decorate the table, creating a warm and joyful outdoor dining scene. A multigenerational family gathers around a rustic picnic table in a forest, sharing food, drinks, and laughter as golden sunlight filters through the trees. Candles and baskets of produce decorate the table, creating a warm and joyful outdoor dining scene.

Roth IRA

  • Income limits to be eligible to open Roth IRA3
  • Contributions are NOT tax deductible
  • Earnings are 100% tax free at withdrawal1
  • Principal contributions can be withdrawn without penalty*
  • Withdrawals on interest can begin at age 59 1/2
  • Early withdrawals on interest subject to penalty2
  • No mandatory distribution age
  • No age limit on making contributions as long as you have earned income
  • $7,000 maximum annual contribution from earned income
  • Additional $1,000 “catch up” contribution allowed for ages 50+
  • $100 minimum deposit to open (and must have $25 in a Member Savings account)
An older man swings a smiling young girl by the arms as they play in a forest clearing, while an older woman claps and cheers nearby. The golden sunlight filters through the trees, casting a warm glow over the joyful outdoor scene.

Ready to open an IRA?

Send us a message below, or stop by your nearest branch, to get started. As a reminder, we require a photo ID to open an IRA, so please be sure to bring it with you when you come in.

Find a branch near you

Contact Us

Please use the convenient form below for general questions or comments. We promise to get back to you within 24 business hours. Note: Do not send sensitive information through our contact form or via email, since these modes of communication are not entirely secure.

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Make the Most of What We Have to Offer

Certificates

A secure pool of growing funds you can always rely on.
Learn more about Certificates

Health Savings Account (HSA)

Easily save for medical expenses, and make tax-deductible contributions to your account.
Learn more about HSAs
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Disclosures

NCUA

Federally insured by the NCUA up to $250,000.
1Subject to some minimal conditions. Consult a tax advisor.
2Certain exceptions apply, such as healthcare, purchasing first home, etc.
3Consult a tax advisor.