older couple going over finances


Individual Retirement Accounts (IRA)

Want a safe and easy way to save for your retirement?  With an IRA account, your funds are invested in a fixed rate certificate of deposit.  Please contact one of our IRA specialists to learn more about any of the IRA products we offer.

Traditional IRAs

These IRAs are available to individuals under age 70 ½ with earned income within the Modified Adjusted Gross Income (MAGI).  Check with us for annual limits.

Roth IRAs

These IRAs are available to any individual with earned income within the Modified Adjusted Gross Income (MAGI) – regardless of age. Contributions are not tax deductible, but your earnings grow, tax deferred, and most distributions are tax free.

For current rate click here

For more information about our IRA products, contact us at 410-692-5151 or toll free at 1-800-429-6616.

Additional Account Information 

  • Jarrettsville Federal reserves the right to refuse any deposit or request for any account.
  • Interest is compounded daily, posted monthly.
  • Interest begins to accrue on day of deposit.
  • Accounts available for Maryland and Pennsylvania residents only; all others are on a “case-by-case basis.” All applicants must physically come to our location to open any account.
  • In accordance with the USA Patriot Act, Jarrettsville Federal is required to obtain, verify and record information that identifies each person who opens an account.
  • Individual Retirement Account (IRA) are subject to limitations and/or penalties imposed by the Internal Revenue Service (IRS). Please see your IRA Agreement or your tax advisor for additional information.