Amounts placed in the Interest Account/Mutual of America Interest Accumulation Account (Interest Accumulation Account) are credited with interest at a rate determined by Mutual of America from time to time, and Mutual of America reserves the right to change the interest rates applicable to amounts held in the Interest Accumulation Account at our discretion, but not below the minimum guaranteed interest rate discussed below. Your principal and previously credited interest are guaranteed. If you have contributions allocated to the Interest Accumulation Account in a Mutual of America contract, the current effective annual yield is shown on your Account Balance screen on this website.

Current Effective Annual Yields

Individual Retirement Annuity (IRA)

1.65% Interest Accumulation Account current effective annual yield for total IRA account balance of $250,000 or more.*
1.35% Interest Accumulation Account current effective annual yield for total IRA account balance of at least $100,000 but less than $250,000.*
1.00% Interest Accumulation Account current effective annual yield for total IRA account balance of under $100,000.*
Interest Accumulation Account rate is guaranteed never to go lower than 1.00% for all contracts that do not have a contractual minimum guarantee of 3.00% or 1.50%.

*Total IRA account balance for Traditional and Roth IRA contracts is determined by aggregating all amounts in the Interest Accumulation Account and in the Separate Account investment funds for all IRA contracts (except SEP and SIMPLE IRAs) held by the same person.

Your total contract account balance will be reviewed on a daily basis and used to determine the applicable interest rate credited to only amounts held in the Interest Accumulation Account. When the total account balance on a daily basis increases to a dollar threshold that qualifies for a higher interest rate (as shown above), such higher interest rate, then in effect, begins to be credited to the contract the next day. However, when the total account balance on a daily basis decreases below the dollar threshold specified for a higher interest rate, the applicable lower interest rate does not begin to be credited to the contract until the first day of the month following the date on which the total account balance fell below the dollar amount required for the higher interest rate, and provided that the total account balance remains below the dollar amount required to qualify for the higher interest rate as of the end of that month.

There is a $2.00 contract fee charged monthly from the Interest Accumulation Account (or 1/12 of 1% for account balances less than $2,400) which can be waived if you choose to use eDocuments to receive information from us electronically.

Flexible Premium Annuity (FPA)

1.65% Interest Accumulation Account current effective annual yield for total FPA account balance of $250,000 or more.*
1.35% Interest Accumulation Account current effective annual yield for total FPA account balance of at least $100,000 but less than $250,000.*
1.00% Interest Accumulation Account current effective annual yield for total FPA account balance of under $100,000.*
Interest Accumulation Account rate is guaranteed never to go lower than 1.00% for all contracts that do not have a contractual minimum guarantee of 3.00% or 1.50%.

*Total FPA account balance for FPA contracts will be determined by aggregating all amounts in the Interest Accumulation Account and in the Separate Account investment funds under each FPA contract separately. FPA contracts are not aggregated with other FPA or IRA contracts owned by the same person.

Your total FPA contract account balance will be reviewed on a daily basis and used to determine the applicable interest rate credited to only amounts held in the Interest Accumulation Account. When the total account balance on a daily basis increases to a dollar threshold that qualifies for a higher interest rate (as shown above), such higher interest rate, then in effect, begins to be credited to the contract the next day. However, when the total account balance on a daily basis decreases below the dollar threshold specified for a higher interest rate, the applicable lower interest rate does not begin to be credited to the contract until the first day of the month following the date on which the total account balance fell below the dollar amount required for the higher interest rate, and provided that the total account balance remains below the dollar amount required to qualify for the higher interest rate as of the end of that month.

There is a $2.00 contract fee charged monthly from the Interest Accumulation Account (or 1/12 of 1% for account balances less than $2,400) which can be waived if you choose to use eDocuments to receive information from us electronically.

Minimum Guaranteed Interest Rate
You can choose to place all or a portion of amounts held under your IRA or FPA contract in the Interest Accumulation Account, which credits interest at a rate that we declare from time to time and which may increase or decrease at our discretion. We guarantee that we will credit interest for the life of the contract to amounts in the Interest Accumulation Account of our General Account at a rate at least equal to the greater of (1) any contractual minimum guarantee provided by the contract or (2) the minimum rate required by applicable state law or, if no state law minimum rate is applicable to a contract, the minimum guaranteed credited interest rate will be set pursuant to National Association of Insurance Commissioners (NAIC) standard nonforfeiture law. The NAIC minimum rate is determined in accordance with a formula, and cannot be less than 1.00% or more than 3.00% in any event. We determine whether the application of the formula will change the minimum guaranteed rate each November, and any change is effective the following January 1 for that calendar year. The current minimum rate has been set at 1.00% in accordance with this formula for all contracts that do not have a contractual minimum guarantee of 3.00% or 1.50%. If your contract has a contractual guaranteed minimum rate of 3.00% or 1.50%, the interest rate under your contract will not go below that amount regardless of the minimum rate that is set for a calendar year. In our sole discretion, we may credit a higher rate of interest to your contract amounts in the General Account, although we are not obligated to credit interest in excess of the minimum guaranteed rate. We compound interest daily on your contract amounts in the General Account to produce an effective annual yield that is equal to the stated interest rate. This guarantee is subject to Mutual of America's financial strength and claims-paying ability.

In addition to the Interest Accumulation Account, there are also Separate Account investment funds available for you to allocate contributions under an IRA or FPA.

Before investing, you should carefully consider the investment objectives, risks, charges and expenses of the variable annuity contract and the underlying investment funds. This and other information is contained in the contract prospectus or brochure and underlying funds prospectuses and summary prospectuses. Please read the contract prospectus or brochure and underlying fund prospectuses and summary prospectuses carefully before investing. The contract prospectus or brochure and underlying fund prospectuses and summary prospectuses can be obtained by mail or by calling 1-800-468-3785.

Mutual of America's group and individual retirement products are variable annuity contracts and are suitable for long-term investing, particularly for retirement savings. The value of a variable annuity contract will fluctuate depending on the performance of the Separate Account investment funds you choose. Upon redemption, you could receive more or less than the principal amount invested. A variable annuity contract provides no additional tax-deferred treatment of benefits beyond the treatment provided to any qualified retirement plan or IRA by applicable tax law. You should carefully consider a variable annuity contract's other features before making a decision.

IRA-2004 or applicable state variation
FPA-2002 or applicable state variation


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