BUILD YOUR RETIREMENT SAVINGS OVER A
12 MONTH TERM

IRA Add-On CD

Our IRA Add-On CD is a great way to lock into the interest rate available when the account is first opened. You earn interest at that rate for a fixed 12-month term. This IRA is good for people who want to commit to saving for their retirement, but also want the flexibility to build up their contribution over the course of their CD term. While your money earns interest at a fixed rate, you can deposit more into the IRA Add-on CD anytime (subject to annual IRA contribution limits).

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.

What You Get

  • 12-month term1
  • Fixed interest rate
  • Interest compounded daily, paid monthly, quarterly, semiannually or at maturity
  • Additional deposits of $100 or more, subject to annual contribution limits2
  • Additional deposits earn the interest rate at account opening or renewal, subject to contribution limits
  • Deposits are FDIC insured up to the maximum established by the FDIC per depositor and ownership type

The IRA Annual Fee is $12 per plan.

Want to know more about us?

Check out our Award Page.

*The Annual Percentage Yield (APY) is based on daily compounding of interest as noted. Fees may reduce earnings on an account.

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

2Subject to annual contribution limits. 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. Please see your tax advisor for more information.