Best IRA CD Rates
Looking at what is out there now for the best IRA CD rates, we here at Online Banks Blog thought we’d bring you up to date with some of the latest trends in these popular retirement portfolio stabilizing tools.
In our last look at the best IRA CD offers, we looked only at the two common terms of 1 year and 5 years. This time, we’re going to look more closely at shorter term and then larger-sum accounts and Jumbo CDs. Many self-managing portfolios prefer all-in-one solutions for quick movement of their funds from CD to CD.
6 Month Terms
First, we’ll look at the best IRA CD rates for a short-term investment of six months. Discover Bank is showing the best IRA CD for this term at 1.70% APY with a $2,500 minimum and is giving the same rate on their 6 month Jumo ($100,000 minimum) CD.
Next we have American Bank in PA and OneWest Bank in California offering a 1.35% APY for this term with a $500 and $5,000 minimum deposit requirement, respectively.
1 Year Jumbo ($100,000+)
For the IRA CD rates on Jumbo accounts with a three year term, the best offer right now is from Discover at 2.30% APY. OneWest Bank (CA) and First National Bank (AL) come in a close second with a 2.25% APY.
3 Year Jumbo
Discover Bank has the best IRA CD rates for a 3 year term Jumbo with a 3.10% APY and California First National Bank has a 2.70% APY offer.
5 Year Jumbo
The best IRA CD rates for a five year term are at Discover bank again, with a 3.50% APY, while OneWest (CA) comes in a close second at 3.25% APY.
All of the banks listed here are FDIC insured to the fullest extent of the law. These rates change often, so if any of these IRA CD rates appeal to you, lock yours in now.
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