Personal

Individual Retirement Accounts

Winchester Co-operative Bank offers the accounts and tools to help meet your retirement needs.

Get Peace of Mind with Full Deposit Protection

Your deposit accounts are insured in full through a combination of Federal Deposit Insurance Corporation (FDIC) and Depositors Insurance Fund (DIF) insurance. Click here for information about Deposit Insurance.

Our team can help you select the Individual Retirement Account (IRA) that works for you and your plans.

Please consult a tax advisor about your IRA.

Traditional IRAs

When you contribute pre-tax dollars to a Traditional IRA you are saving for retirement that gives you tax advantages. Deductible contributions and earnings are taxed as ordinary income when you withdraw them.

Roth IRAs

A Roth IRA is a tax-advantaged personal savings plan where contributions are made with post-tax income, so withdrawals, including interest accrued will generally be tax-free.

You can withdraw Roth IRA earnings tax‑ and penalty‑free only if you’re at least age 59½ and your Roth IRA has been open for five years.

Rollover IRAs

The Rollover IRA is ideal for consolidating funds from previous employer plans, like a 401(k), while maintaining their tax-deferred status of the funds.

SEP IRAs

A SEP is specifically designed for small business owners and the self-employed, allowing for larger tax-deductible contributions than a Traditional IRA.

Traditional/Roth IRA Term Deposit Certificates (TDC)

Term	Interest Rate	APY****
12 Month IRA TDC	3.69%	3.75%
18 Month IRA TDC	3.45%	3.50%
24 Month IRA TDC	3.45%	3.50%
30 Month IRA TDC	3.45%	3.50%
36 Month IRA TDC	3.45%	3.50%

****Annual Percentage Yield (APY) effective 02/01/2026 and subject to change. Penalty may be applied on funds withdrawn prior to maturity for all term deposit certificates. Fees charged could reduce earnings on an account. Minimum daily balance to obtain APY $10.00. Minimum deposit to open is $1.00.

Let's Get Started

Our team is ready to help with your retirement needs. To learn more, visit our offices in Winchester or Woburn, call (781) 729-3620, or use the form below.

You are now leaving Winchester Co-operative Bank

Winchester Co-operative Bank provides links to web sites of other organizations in order to provide visitors with certain information. A link does not constitute an endorsement of content, viewpoint, policies, products or services of that web site. Once you link to another web site not maintained by Winchester Co-operative Bank, you are subject to the terms and conditions of that web site, including but not limited to its privacy policy.