IRAs – Individual Retirement Accounts

We offer a choice of IRA CD terms, each with a fixed interest rate and potential tax advantages to help you achieve your retirement goals.

Premium Money Market IRA CD Flexible IRA CD IRA Add-On CD
Apply at a branch Apply at a branch Apply at a branch
You're looking for… A fixed rate with a variety of terms up to 24 months A fixed rate over longer terms A fixed rate with the ability to make additional deposits
Minimum Opening Deposit $100 $100 $100
Interest Rate Fixed Interest Rate Fixed Interest Rate Fixed Interest Rate
Terms Specific terms from 91 days to 24 months Specific terms from 12 to 60 months 12 months
Annual Percentage Yield (APY)
IRA Annual Fee $12 per plan $12 per plan $12 per plan
Access1 Make additional deposits at maturity, subject to contribution limits Make additional deposits at maturity, subject to contribution limits Make additional deposits of at least $100 throughout the 12-month term, which will earn the rate in effect when the account was opened or renewed, subject to contribution limits
Other Features Automatic renewal at maturity, with a 10-day grace period Automatic renewal at maturity, with a 10-day grace period Automatic renewal at maturity, with a 10-day grace period
FDIC Insured2 Yes Yes Yes

What is an IRA CD?

When you choose a CD for your IRA, you earn a guaranteed interest rate for a fixed term. Plus, you get the tax advantages of an IRA, and your money is FDIC insured. This is an alternative to investing your IRA money in stocks, bonds, mutual funds or other investment assets.

When your IRA CD matures, you can automatically renew it, or transfer your balance into another retirement account and continue to let it grow. Other options are available depending on your individual eligibility. Visit your local branch to help you choose the retirement account that offers the best benefits for you.

Looking for investment help? Learn about our wealth management services. 

*The Annual Percentage Yield (APY) is based on monthly compounding of interest for the Premium Money Market IRA CD, and the daily compounding of interest for the Flexible IRA CD and IRA Add-On CD. Fees may reduce earnings on an account.

1Early withdrawal penalties may apply to withdrawals made at any other time than during the grace period. Fees could reduce earnings on the account. Additional restrictions may apply.

2Up to the maximum established by the FDIC per depositor and ownership type.

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