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Personal and Business Banking

Money Market IRA

Earn tiered dividends on $1,000 or more

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Money Market IRA

Maximum Flexibility

  • Competitive tiered dividends
  • Allows regular deposits
  • Free online, mobile, and branch access
  • Available as Traditional, Roth, SEP, or SIMPLE IRA
  • May be used for Coverdell Education Savings Accounts
  • Federally insured to $250,000 by NCUA

Please refer to Details and Rates tabs for additional information and important disclosures.

"Outstanding Service, Assistance, and Information on your IRA products"

Open quote I just transferred a $50,000 Traditional IRA over to DCU due to their interest rates being twice that of my previous institution. The DCU Money Market IRA met all of the requirements that I needed. Close quote

— 25+ Year Member, Manchester, NH

Money Market IRA Details

  • Competitive tiered dividends – There are five dividend rate tiers based on your daily balance. The greater your balance, the higher the dividends you earn.
  • Allows regular deposits – You can contribute to your Money Market IRA through automatic transfer from your savings or checking account. Automatic transfers allows you to spread your annual maximum contribution throughout the year. With unrestricted withdrawals, you can move your contribution to a DCU Certificate IRA for higher returns or roll it over into another qualified retirement investment.
  • $0 to open – There is no initial cost to open a DCU Money Market IRA Account.
  • $1,000 minimum to earn dividends – Dividends are compounded daily and paid monthly. Dividend rates can change weekly. A minimum balance of only $1,000 is required to earn dividends. Contributions and withdrawals can be made anytime without a DCU penalty.
  • Available as Traditional, Roth, SEP, or SIMPLE IRA
  • May be used for Coverdell Education Savings Accounts
  • Federally insured to $250,000 by NCUALearn more about insurance on all your savings at DCU and how to maximize your coverage.

DCU's Retirement Central Service Center

The Retirement Central Service Center is an easy way to learn more about IRAs and complete your IRA forms. Simply answer some questions regarding the transaction you wish to complete and the Service Center will produce the necessary forms.

If you have any questions, please speak with a Member Service Representative at your nearest DCU branch or call our Information Center at 508.263.6700 or 800.328.8797, weekdays from 8:00 am to 9:00 pm and Saturdays from 9:00 am to 3:00 pm, Eastern time.


Terms and conditions applicable to DCU's IRAs can be found in the IRA Disclosure Statement, Certificate Disclosure and Agreement (pdf format), our rates page, and Schedule of Fees and Service Charges. For a copy of any of these disclosures or for more information, visit a DCU branch, or call the Information Center.

Money Market IRA Rates*

$1,000 minimum balance to earn dividends.
May be used for Traditional, Roth, SEP, and SIMPLE accounts and Coverdell Education Savings Accounts.
Balance Tiers Dividend Rate Annual Percentage Yield
When daily balance is $100,000.00 or more 1.75% 1.77%
When daily balance is $50,000.00 to $99,999.99 1.65% 1.66%
When daily balance is $25,000.00 to $49,999.99 1.65% 1.66%
When daily balance is $10,000.00 to $24,999.99 1.55% 1.56%
When daily balance is $1,000.00 to $9,999.99 1.55% 1.56%

Rates are effective .

*Rates are subject to change weekly. Funds earn dividends from the first business day of deposit and are compounded daily and posted monthly. Accrued dividends are forfeited if account is closed prior to monthly dividend posting. Fees or other conditions may reduce earnings. Refer to DCU's Truth-in-Savings Disclosures and Account Agreements and Schedule of Fees and Service Charges.

Annual Percentage Yield (APY) is a figure calculated using a federally-mandated formula. It's designed to help you compare the return you'll get in a uniform way between the certificate, savings, and money market accounts offered at various institutions. It tells you at what percentage your money will grow in one year at the same dividend rate – including the effects of compounding. For example, the APY on a 6-Month Certificate would be what you earned at the end of a year if you renewed your certificate once, did not add to or subtract from the balance along the way, nor withdrew any dividends.

Early IRA Closing Penalties*

Length Penalty
3-11 months 60 days' dividend
12-35 months 90 days' dividend
36-60 months 180 days' dividend

The same penalties apply on amounts prematurely withdrawn from a Certificate. IRS penalties may apply on IRA Certificate withdrawals. Jump-Up Certificate early withdrawal penalties will be calculated at the rate being earned at the time of withdrawal.

For a complete listing of all of DCU’s fees and service charges, please see the Schedule of Fees and Service Charges (html) (or as a printable pdf).

IRA transactions are subject to IRS rules and regulations. To review these rules and regulations, click here.

Money Market IRA is rated 3.7 out of 5 by 26.
Rated 5 out of 5 by from I found it as a good investment DCU IRA is a good investment option. I decided to keep the IRA as it is after my wife passed away.
Date published: 2018-12-31
Rated 5 out of 5 by from DCU provides its members with the best products and services. Full line of products and services, excellent and knowledgeable staff who always deliver their services with a smile.
Date published: 2016-03-12
Rated 5 out of 5 by from Rollover of a 403B to a Money Market IRA I am not an expert when it comes to financial vehicles. That is why I involved the DCU in helping me to do a direct rollover of a 403B to a money market IRA. Their service was top notch and things went very smoothly. I could not be happier with the outcome.
Date published: 2015-03-14
Rated 5 out of 5 by from Great flexibility I needed a place to transfer an old 401K that would offer an acceptable rate and liquidity. The DCU staff were very helpful and the processing very straightforward.
Date published: 2015-03-09
Rated 5 out of 5 by from Great Rates at DCU I rolled over part my IRA from a bank making 0.05 to DCU with a higher tiered rate as the ability to make contributions whenever I want. The online process was very quick and easy and the IRA department emailed me when the documents left the bank as well as when they were received back and an account was opened.
Date published: 2014-09-21
Rated 5 out of 5 by from Has the features I was looking for When trying to decide what to do with my husbands IRA, I talked to a couple of people at DCU. I was given a choice of options. I mentioned what I was looking for. Right away It was explained on which plan would be what I wanted according to what I was looking for.
Date published: 2014-09-20
Rated 5 out of 5 by from 401K to Traditional IRA Well, words can not explain how grateful I am to DCU for their assistance in getting my 401K rollover to a Traditional IRA. DCU provided updates on the progress and the process was simple and very fast. I am happy, happy, happy!
Date published: 2014-04-26
Rated 5 out of 5 by from Great folks at DCU Nicholas and Amalia were great folks to do business with.
Date published: 2014-03-01
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how is that money market accoutn works ?

If I put $25.000 to money market account, how much I will recive interest end of the month?
Asked by: west
Dividends are posted monthly. Your accrual rate can be found on the DCU page As of this reply, for $25K, the APY is 1.31%. To calculate the actual $$, you can use Google to search for a money market calculator on the internet.
Answered by: lee
Date published: 2019-03-30
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"DCU is the best"

Open quote I have been a member for thirteen years and when I moved to Florida two years ago I kept my accounts at DCU. I now use shared banking services and still have all the access to all of DCU's features right at the click of a button. I will never switch banks – why would I when I already have the best?! Close quote

— Hambone, Lutz, FL

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Open quoteDCU is exceptionally helpful when their members are in need of financial help.
Thanks the great service and continuing support! Close quote

— Magi, Bloomington, IL

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