Money Market IRA

Future-focused. Present ready.

A Huntington Money Market IRA helps you grow your retirement savings with steady interest and flexible access. It’s a lower-risk way to earn more, while keeping your money within reach when life calls for it. All investments have some level of risk, but bank Money Market IRAs are considered a lower-risk investment.

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Smart features, thoughtfully crafted

No monthly maintenance fee 

With the money market IRA, there’s no monthly or annual custodian fees—so more of your money stays where it belongs: working for you.

Interest that keeps pace with your life

Earn interest on balances of $0.01 or more—so your savings can grow alongside your goals.

Your money is protected

Funds in your Huntington money market IRA are FDIC insured up to the applicable limits, giving you added peace of mind as you save for retirement.

Save with purpose, and potential tax benefits

A money market IRA offers tax benefits that can help your savings go further. Talk with a tax professional to understand how this account fits into your retirement strategy1.

Access your funds without a bank penalty

Huntington does not charge an early withdrawal penalty on your money market IRA. Keep in mind, IRS tax penalties may still apply depending on your age and withdrawal type1.

Counts toward your total relationship balance

Your money market IRA contributes to your Total Relationship Balance, which may help reduce fees on other eligible Huntington accounts2.

Money Market IRA interest rates

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Save with care. Access with ease.

A money market IRA supports your goals—before and after retirement.

Before retirement, a Huntington Money Market IRA offers a lower-risk way to grow your savings, with FDIC insurance up to applicable limits. All investments have some level of risk, but bank money market IRAs are considered a lower-risk investment.

After retirement, you’ll have easy access to your funds—with no monthly maintenance fee.

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IRA to Roth IRA conversion calculator

Explore your options for growth

Wondering if converting your traditional IRA to a Roth IRA makes sense for you? Use this calculator to estimate the potential impact and benefits.

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IRA Contribution Calculator

See how much you can contribute—and why it matters

Find out how much you can contribute to an IRA based on your income, age, and tax filing status. This tool helps you plan with clarity and confidence.

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Related Resources

What is an IRA and why do you need one?

IRA stands for Individual Retirement Account. IRAs are a way for you to provide for yourself in your retirement. To understand IRAs, it's important to understand contributions, earned income, and distributions.

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Benefits of a money market account

A Money Market Account (MMA) might be the right choice for you if you’re looking to earn interest while having access to your funds.

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Money Market IRA FAQs

A Money Market IRA is a type of money market account that’s held within a retirement account, like an IRA or 401(k). With a Money Market IRA, your deposits are placed in lower-risk environments compared to stock market investment options, and your deposits are liquid—meaning you’ll have easier access to your money.

With a Money Market IRA, you can deposit money into your account and earn interest based on your zip code and account balance. The deposits are invested in low-risk investments that might not earn as much as a traditional IRA or CD, but the funds in a Money Market IRA are secure and convenient to access if needed. Also note that a Money Market IRA is usually governed by a retirement plan agreement, which means you may not be able to withdraw money without penalty until you reach a minimum age, like 59½. However, the account balance may be able to grow tax-free.

While you’re saving for your retirement, you can make a deposit anytime into your Money Market IRA. The deposits you make are called “contributions.” The annual monetary amount of contributions into an IRA as a whole is capped by the IRS, but a Money Market IRA gives you the freedom to make an unlimited number of deposits on your own schedule up to your applicable contribution limits1. Visit irs.gov to learn more about contribution caps.

A withdrawal made before the age of 59½ is considered an "early withdrawal." Early withdrawals may have IRS and bank penalties. If you're considering making an early withdrawal from your retirement account, consult your financial or investment advisor and a tax advisor.

Yes. At Huntington, Money Market IRA is insured up to FDIC limits ($250,000 per depositor, per ownership category).

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DISCLOSURES

1 Taxes. This information does not constitute tax or legal advice. Please consult your tax advisor or attorney.

2 Money Market IRA Total Relationship Balance. Your Total Relationship Balance includes eligible deposits held directly with The Huntington National Bank® (Huntington) or eligible investments made through Huntington Financial Advisors® (HFA), a financial advisory practice of Ameriprise Financial Services, LLC (AFS). Eligible deposits include this account and any other consumer checking, money market, savings, certificate of deposit (CD), individual retirement accounts (IRAs) owned by you and jointly with someone else, and other qualifying accounts on which you are an owner. Eligible investments are those in your name made through Huntington or which AFS reports to our deposit system for inclusion in the Total Relationship Balance, and generally include investments held in brokerage accounts, certain direct investments in mutual funds and annuities, as well as advisory account balances. Accounts established for ERISA plans are not eligible. Investments held in agency and other qualifying accounts with Huntington Private Bank® are eligible as well as personal agency accounts within the Trust Group that utilize your social security number. Refer to the Personal Account Charges Form associated with your account for detailed explanation of Total Relationship Balances.