Millbury Savings - Personal Banking
Personal Banking
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You don’t need to trust your retirement savings to the markets. Start your Individual Retirement Account (IRA) with a guaranteed rate CD. Looking to roll over an IRA or 401(k)? We can help.

Our IRA Accounts Offer:

  • Tax-advantaged retirement savings that’s 100% insured by the FDIC and DIF
  • No annual, set-up, or custodial fees
  • Low minimum balances and easy set-up
  • Guaranteed rates of return with IRA Certificates of Deposit
  • Flexible features that help you save as much as you can
  • Great for rollovers, too!

Compare Our IRA Accounts:

IRA Certificates
of Deposit

Savings IRA

Minimum Deposit to Open



Annual Fee



Account Type

Certificates of Deposit with terms from 3 months to 4 years

Statement savings-type account

Contributions Allowed

Open an unlimited number of CDs under one IRA plan

Make contributions by:*
--> Branch teller
--> Direct deposit
--> Automatic transfer or iBanking transfer from another Millbury Savings Bank statement account (one-time or recurring)

Interest Type



Rollovers Accepted



Transfers Between Account Types

Yes. At maturity, transfer funds to a Statement Savings IRA

--> Open a new IRA CD at any time with funds from your Statement Savings IRA
--> Transfer money from a Statement Savings IRA to an existing IRA CD (18-month maturity or longer) once per calendar year

Deposit Insurance

Yes, 100% insured by the FDIC and DIF

Yes, 100% insured by the FDIC and DIF

Preferred Rates with Checking


Yes, with Gateway SuperSaver CheckingSM

* Direct deposits and automatic transfers are credited to the tax year in which they are received.
A $25 IRA transfer fee applies to each closed IRA account.

Statement Savings IRA

Put saving for retirement on autopilot with this flexible IRA account that lets you save a little at a time, as often as you’d like—even through direct deposit or automatic transfer from another Millbury Savings Bank statement account!* Earns a competitive, variable rate. You can also get preferred rates with a Gateway SuperSaver CheckingSM account!

IRA Certificates of Deposit

Earn a guaranteed interest rate on your retirement savings while it’s 100% insured—no matter what happens in the financial markets. Terms offered from three months to four years. For added flexibility, move money from your Statement Savings IRA into a new IRA CD at any time, or move money from your Statement Savings IRA to an existing IRA CD of 18 months or longer once a year!

Retiring? Taking a New Job?

Be sure to read our IRA Rollovers and Transfers fact sheet to find out why moving money from your old 401(k), 403(b) or other workplace retirement plan to an Individual Retirement Account (IRA) might make sense for you. We'll detail the options available to you, explain the difference between a rollover and a transfer, and help you get started.

All Deposits Insured in Full

At Millbury Savings Bank, every deposit is insured in full. Each depositor is insured by the Federal Deposit Insurance Corporation (FDIC) to at least $250,000. All deposits above the FDIC limits are insured in full by the Depositors Insurance Fund (DIF). No one provides better deposit protection!

We’re Looking Out For You.

It’s our mission to take special care of our customers. If you have questions or need our help choosing the products and services that best meet your financial needs, please complete our information request form, stop by one of our offices, or call us at (508) 865-5811.

How can we help you?