Retirement CDs
Plan now for a secure financial future.
Save smartly now. Relax later.
The key to a comfortable retirement is to start building your savings years before you say goodbye to the working world. Individual Retirement Accounts (IRAs), anchored by Middlesex Savings Bank's dependable Certificates of Deposit (CDs), are high-interest savings accounts which will help to prepare savings for your future.
- Fixed-rate CDs with terms ranging from 3 months to 5 years
- Variable-rate CDs of 12 - 18 month term
- Receive tax benefits by making CDs part of a Traditional or Roth IRA
- Are you a Freedom Platinum® Checking account holder? Get exclusive access to premium interest rates on Freedom Platinum CDs
- Our Retirement Money Fund Account can also be part of your retirement portfolio
- Monitor your retirement savings growth with free Online Banking and Mobile Banking
- Contact us or visit a branch location to learn more.
Individual Retirement Accounts (IRAs) offer different kinds of tax advantages, so it’s important to understand how each high-interest retirement savings account works. Whichever option you choose, your Middlesex Savings Bank retirement account earns a competitive interest rate.
- Roth IRA: The money you deposit has already been taxed. Over the years, your earnings grow tax-free and your withdrawals are tax-free.
- Traditional IRA: You make contributions with money you may be able to deduct on your annual tax return. Your earnings grow tax-free, but you pay taxes when you make withdrawals.
- SEP IRA Plan: A Simplified Employee Pension IRA is a type of Traditional IRA that lets self-employed people and small business owners save for retirement. The tax benefits and responsibilities are similar to those of Traditional IRAs.
Middlesex Savings Bank's personal savings accounts build your savings securely. Contact us or visit our full-service bank locations throughout eastern and central Massachusetts.
Disclosures
All accounts subject to approval. This material has been provided for general informational purposes only and does not constitute either tax or legal advice. Investors should consult with a tax or legal professional regarding their individual situation.
Helpful Resources
