HomeBankingCDs & IRAs

IRAs

Long-term investment accounts to build toward a secure retirement, with tax advantages and options for small business owners.

Open at a Branch 

Traditional IRA

A retirement account that offers pre-tax contributions and penalty-free distributions.

Open at a Branch 

Features & Benefits:

  • Make tax-deductible annual contributions1
  • If you’re 50 or older, make “catch-up” contributions above standard maximums
  • Enjoy penalty-free withdrawals toward a home purchase or college tuition2
  • A simple way to save toward retirement

1Consult a tax advisor for details.

2The distribution will subject to tax. Consult a tax advisor for details.

  • APY is accurate as of 12/19/2025. All rates and terms subject to change without notice.

    Apply NowAPY1Rate
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    3 Month

    		APY1 3.00%Rate 2.96%
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    4 Month

    		APY1 4.00%Rate 3.93%
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    6 Month

    		APY1 3.75%Rate 3.69%
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    7 Month

    		APY1 3.00%Rate 2.96%
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    8 Month

    		APY1 3.51%Rate 3.45%
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    9 Month

    		APY1 3.00%Rate 2.96%
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    11 Month

    		APY1 3.00%Rate 2.96%
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    1 Year

    		APY1 .15%Rate .15%
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    1 Year Premier2

    		APY1 .20%Rate .20%
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    14 Month

    		APY1 .20%Rate .20%
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    15 Month

    		APY1 3.00%Rate 2.96%
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    18 Month

    		APY1 .25%Rate .25%
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    2 Year

    		APY1 .25%Rate .25%
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    3 Year

    		APY1 .35%Rate .35%

    1APY= Annual Percentage Yield. $500 minimum deposit to open account and minimum balance to obtain APY. Fees could reduce earnings. Early withdrawal penalty may be imposed.

    2Premier certificates require $10,000 minimum balance. Must have Premier Interest Checking to open and obtain APY.

  • To open a Traditional IRA with Marblehead Bank, visit one of our branches.

    • Roth IRA

    Put away after-tax funds toward retirement and enjoy tax-free growth.

    Open at a Branch 

    Features & Benefits:

    • Your funds grow tax-free
    • After age 59 1/2, withdrawals are tax-free, provided the account has been open for at least five years
    • Potentially avoid the age 73 minimum distribution requirements of Traditional IRAs1

    1Consult a tax advisor for details.

  • To open a SEP IRA with Marblehead Bank, visit one of our branches.

    • Simplified Employee Pensions (SEP IRAs)

    If you’re self-employed or a small business owner, a SEP IRA, similar to a Traditional IRA, is a good choice to save toward retirement.

    Open at a Branch 

    Features & Benefits:

    • SEP IRA Contribution limits are higher than with many other retirement accounts1
    • Tax-deductible contributions, including those you make to employee accounts
    • Any employees own and control their own accounts
    • Yearly contributions are not required

    1Consult a tax advisor for details.

  • To open a SEP IRA with Marblehead Bank, visit one of our branches.

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