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View All IRA Rates Our Annual Percentage Yields (APYs) are accurate as of 01/17/2021.
IRA Raise Your Rate CD
- Start with a great rate, plus have the opportunity to increase your rate once over the 2-year term or twice over the 4-year term if our rate for your term and balance tier goes up on these CDs
- Early withdrawal penalty will apply
IRA Online Savings
- Rate is variable and may change after the account is opened.
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Six transactions limit per statement cycle
Why only 6? - Other fees may apply. Such as those for returned deposit items and outgoing wires
- Interest compounded daily
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Available as a Traditional, Roth and SEP IRA
Compare IRA Plans - 24/7 customer service
- Online & Mobile Security Guarantee
- Member FDIC
- Less than
$5000 - $5,000 -
$24,999.99 - $25,000
or more
3 month
6 month
9 month
12 month
18 month
3 year
5 year
More rates
2 year
One interest rate increase
4 year
Two interest rate increases
Less than $5,000 daily balance
0.50% Variable APY$5,000 minimum daily balance
0.50% Variable APY$25,000 minimum daily balance
3 month
6 month
9 month
12 month
18 month
3 year
5 year
2 year
One interest rate increase
4 year
Two interest rate increases
Less than $5,000 daily balance
0.50% Variable APY$5,000 minimum daily balance
0.50% Variable APY$25,000 minimum daily balance
3 month
6 month
9 month
12 month
18 month
3 year
5 year
2 year
One interest rate increase
4 year
Two interest rate increases
Less than $5,000 daily balance
0.50% Variable APY$5,000 minimum daily balance
0.50% Variable APY$25,000 minimum daily balance
Compare IRA Plans
- Maximum savings with a fixed rate
- Early withdrawal penalty will apply
- Start with a great rate, plus have the opportunity to increase your rate once over the 2-year term or twice over the 4-year term if our rate for your term and balance tier goes up on these CDs
- Early withdrawal penalty will apply
- Rate is variable and may change after the account is opened.
-
Six transactions limit per statement cycle
Why only 6? - Other fees may apply. Such as those for returned deposit items and outgoing wires
Find the best IRA plan with the right features for your retirement. Before you decide on the plan for you, it's always best to consult with your tax professional. The IRA comparison information we're providing is not tax advice.
Roth IRA |
Traditional IRA |
SEP IRA |
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| Consider if |
You're interested in both tax-free growth and withdrawals. Roth IRA contributions are not tax-deductible. |
You prefer your money to grow tax-deferred until you withdraw it in retirement. In many cases, your contributions are tax-deductible in the year they are made. |
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| Contribution Eligibility |
Any age with taxable compensation |
Any age with taxable compensation. |
Anyone whose employer invites them to participate in a SEP. Please note that employees cannot make personal contributions to a SEP IRA. |
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| Tax deductions |
Contributions are not deductible |
Depends on:
|
If employer contributions exceed certain limits, employees can't deduct their employer's contribution to their SEP plan. If you are self-employed, you can generally deduct the contributions you make each year to your own SEP IRA. |
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| Tax advantages |
Tax-free when you take distributions |
Pay no taxes until you take distributions |
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| Distributions |
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| Required minimum distributions |
Not required |
Mandatory at age 72. Any IRA owner that was subject to the Required Minimum Distribution (RMD) for 2019 and previous years will continue to have an RMD for 2020 and beyond. Minimum distribution rules changed in 2020. If you have a Traditional or SEP IRA, the IRS requires that you take an annual minimum distribution by:
The amount of your distribution depends on how much you have in your account, divided by your life expectancy. Check with the IRS or your tax professional for more information on how to calculate your distribution amount. |
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| Annual deadline for contributions |
You may make current-year contributions at any time of the year. IRS Tax Filing day is the deadline for making prior-year contributions. |
The employer's deadline for filing its annual tax return, including any extensions. |
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Find the best IRA plan with the right features for your retirement. Before you decide on the plan for you, it's always best to consult with your tax professional. The IRA comparison information we're providing is not tax advice.
You're interested in both tax-free growth and withdrawals. Roth IRA contributions are not tax-deductible.
You prefer your money to grow tax-deferred until you withdraw it in retirement. In many cases, your contributions are tax-deductible in the year they are made.
- You're a business owner or self-employed
- You're an employee of a business with a SEP IRA
Any age with taxable compensation
Any age with taxable compensation
Anyone whose employer invites them to participate in a SEP. Please note that employees cannot make personal contributions to a SEP IRA.
- $6,000 if under age 50
- $7,000 if age 50 or older
These contribution limits apply to Single filers with income of $125,000 or less or Joint filers with income of $198,000 or less.
As income levels increase above these limits, tax deductions for eligible contributions may be reduced. Consult with your tax professional.
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- $6,000 if under age 50
- $7,000 if age 50 or older
These contribution limits apply to Single filers with income of $124,000 or less, or Joint filers with income of $196,000 or less.
As income levels increase above these limits, tax deductions for eligible contributions may be reduced. Consult with your tax professional.
- $6,000 if under age 50
- $7,000 if age 50 or older
Income levels do not affect contribution limits for Traditional IRAs; however, your income may affect the amount you can deduct.
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- $6,000 if under age 50
- $7,000 if age 50 or older
Income levels do not affect contribution limits for Traditional IRAs; however, your income may affect the amount you can deduct.
- Employer contributions that are lesser of 25% of employee's compensation, or $58,000.
- For self-employed individuals, the limit is generally 20% of net earnings.
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- Employer contributions that are lesser of 25% of employee's compensation, or $57,000.
- For self-employed individuals the limit is generally 20% of net earnings.
Contributions are not deductible
Depends on:
- Your earnings
- Whether you participate in an employer's retirement plan
- Your filing status
- If you receive Social Security Benefits
If employer contributions exceed certain limits, employees can't deduct their employer's contribution to their SEP plan. If you are self-employed, you can generally deduct the contributions you make each year to your own SEP IRA.
Tax-free when you take distributions
Pay no taxes until you take distributions
Pay no taxes until you take distributions
- Distribution of an original contribution is always tax and penalty free.
- Any earnings and conversion dollars (from other retirement plans) are tax free after the IRS' 5 year aging requirement has been met AND you are 59½ or older; otherwise, you could incur a 10% penalty.
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Taxable
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Could include a 10% penalty if made before age 59½
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Taxable
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Could include a 10% penalty if made before age 59½
Not required
Mandatory at age 72. Any IRA owner that was subject to the Required Minimum Distribution (RMD) for 2019 and previous years will continue to have an RMD for 2020 and beyond.
Minimum distribution rules changed in 2020. If you have a Traditional or SEP IRA, the IRS requires that you take an annual minimum distribution by:
- April 1 of the year following the calendar year in which you reach age 70 ½, if you were born before July 1, 1949.
- April 1 of the year following the calendar year in which you reach age 72, if you were born after June 30, 1949.
The amount of your distribution depends on how much you have in your account, divided by your life expectancy. Check with the IRS or your tax professional for more information on how to calculate your distribution amount.
Mandatory at age 72. Any IRA owner that was subject to the Required Minimum Distribution (RMD) for 2019 and previous years will continue to have an RMD for 2020 and beyond.
Minimum distribution rules changed in 2020. If you have a Traditional or SEP IRA, the IRS requires that you take an annual minimum distribution by:
- April 1 of the year following the calendar year in which you reach age 70 ½, if you were born before July 1, 1949.
- April 1 of the year following the calendar year in which you reach age 72, if you were born after June 30, 1949.
The amount of your distribution depends on how much you have in your account, divided by your life expectancy. Check with the IRS or your tax professional for more information on how to calculate your distribution amount.
You may make current-year contributions at any time of the year. IRS Tax Filing day is the deadline for making prior-year contributions.
You may make current-year contributions at any time of the year. IRS Tax Filing day is the deadline for making prior-year contributions.
The employer's deadline for filing its annual tax return, including any extensions.