Best IRA Interest Rates
One IRA is not like another and rarely are two the same. Most good IRA accounts, though, use basic, guaranteed base plans to ensure them against an ever-changing market. For this reason, IRA-specific certificate of deposits are popular for keeping the best IRA rates intact. So we here at Online Banks Blog are going to show you what the best IRA interest rates in CDs are right now.
Most CDs for an IRA will be for longer terms, say 1 year or 5 years most commonly. So for the best interest rates on IRA CDs, we’re looking at 1 and 5 year rates first. These CDs are often individual plans that can be opened by anyone and attached to an existing IRA account to defer taxes. Talk to your financial advisor for details on how this works.
1 Year Term
For a one year CD term, the best IRA rates are at Stonebridge Bank in Pennsylvania with a 2.35% annual percentage yield (APY) and a $5,000 minimum deposit IRA. Close behind is Discover Bank with a 2.30% APY and a $2,500 minimum deposit.
5 Year Term
For a five year CD term, the best interest rates on IRA CDs are also at Discover Bank with a 3.50% APY and a $2,500 minimum deposit. Next is OneWest Bank in California with a 3.25% APY and a $5,000 minimum deposit.
All of these banks are FDIC insured to the fullest extent of the law. If any of these best IRA interest rates interest you, make sure to lock them in now before they change—which they do often.
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Best IRA CD Rates | Online Banks on
Wed, 17th Jun 2009 8:56 am
[...] 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 [...]
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