Individual Retirement Account (IRA) Certificate of Deposit†
An IRA can be either a traditional or Roth IRA – the main difference is when you pay taxes. A traditional IRA may allow you to take a deduction now and pay taxes later when funds are withdrawn. A Roth IRA contribution is not deductible, but may offer tax-free earnings later.
- Competitive fixed interest rate IRAs
- Variable rate IRAs that allow additions
Features
- IRAs automatically renew at rate in effect at maturity
- No annual fee
How much can I contribute?
Your total regular contribution for a taxable year is limited to the lesser of 100% of earned income or the contribution amount below:
If you are at least 50 years old by the close of the taxable year, you may also make a $1,000 catch-up contribution. Note: Contribution limits are an aggregate of traditional and Roth IRAs.
Fixed Rate
$1,000 minimum to open
Term
|
Interest Rate **
|
APY
|
6 months
|
0.150%
|
0.150%
|
12 months
|
0.200%
|
0.200%
|
13 months
|
0.200%
|
0.200%
|
36 months
|
0.250%
|
0.250%
|
60 months
|
0.300%
|
0.300%
|
Variable Rate
$100 minimum to open
Term
|
Interest Rate**
|
APY
|
6 months
|
0.200%
|
0.200%
|
12 months
|
0.300%
|
0.300%
|
**Contact banking centers for more information.
† It is in your best interest to consult a tax professional to determine IRA eligibility and contribution amounts.