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Individual Retirement Accounts (IRAs)

Milestones Federal Credit Union is pleased to offer a retirement savings account, a Traditional IRA, at no cost to you! That means you can trust your retirement money to be safely and securely set aside for its true intended purpose: your retirement.

At Milestones Federal Credit Union, you can expect your Traditional IRA account to have:

  • No minimum balance requirement*
  • No annual fee
  • No maintenance fees

We do all the work for you!

*Please note: An IRA Account Owner must have a primary Share (Savings) Account opened in their name, in order to open an IRA. A $5 minimum deposit is required to open a Share Account. The $5 remains with the account owner. Please see Eligibility page for more information.


You can make regular contributions through the USPS, our night drop, in person, or directly from your payroll direct deposit.

Do you have retirement located somewhere else? We can help you initiate the process to transfer your retirement account to an IRA here, where your retirement will be right where you can see it.

Typically, Transfers and Rollovers are tax-deferred and penalty-free. We are here to help guide you, and provide information to you regarding IRA Contributions and Withdrawals. However, we do recommend you consult with a qualified tax consultant for specific tax related questions or inquiries. You may also visit the IRS website for further information by clicking here.

Traditional IRA Savings & Certificates

You can direct your deposits or transfers into a Traditional IRA Savings Account or into any Traditional IRA Share Certificate*, to maximize your earnings.

*Our IRA Share Certificates require a minimum balance of $500.00. The certificates allow you to lock in a higher interest rate for a term of anywhere from six (6) months to five (5) years.

View Rates

More Information

IRA Accounts are highly regulated by the federal government with IRA rules being consistent from financial institution to financial institution. IRAs offer tax benefits, but these benefits vary on the type of account you open and your Modified Adjusted Gross Income (MAGI).

IRA rules are constantly changing. Members who are interested in opening an IRA Account are encouraged to consult their tax advisor to make sure they open the appropriate type of IRA. It is important to note that a husband and a wife may each have an IRA, even if only one person has earned income.


Contact the Credit Union

To speak with an IRA Specialist:

  • Email
  • Visit our 291 Pine Street Lewiston, ME 04240 location
  • Call (207) 783 – 3991
  • Fill out the ‘Email Us!’ form below

You may also visit the IRS website which details specific information about IRA plans.

Federally Insured by the NCUA

Ready to open an IRA with the credit union? Fill out the form below, and we’ll connect with you to begin the process!

Email Us!

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