Traditional IRA and Roth IRA

Retirement Savings Account Options

The IRA account options available from Bank of Internet USA allow you to plan for a more comfortable future by building your savings for retirement. Our low-risk retirement accounts provide consistent, steady returns that you will be able to count on. Contact one of our retirement savings specialists today to start planning for a financially secure tomorrow.

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Which IRA Account Is Right for You?

Bank of Internet USA offers a Traditional IRA account option as well as two Roth IRA options: Roth IRA Savings and Roth IRA Certificate of Deposit (CD). Each account offers its own unique benefits. We invite you to take a look at the comparisons below to get an idea of which IRA or Roth IRA account is best suited to your retirement goals.

IRA/Roth Savings

$250

Initial Deposit



Interest Compounded Daily



Safe and Secure – FDIC Insured



No annual fee



Flexible terms from 12 to 36 months

IRA/Roth Certificate of Deposit (CD)

$1,000

Initial Deposit



Interest Compounded Daily



Safe and Secure – FDIC Insured



No annual fee



Flexible terms from 12 to 36 months

IRA/Roth IRA Savings Interest Rates


Tier Minimum Deposit Balance Requirement APY1
Tier 1 $250 Less Than $1,000 0.15%
Tier 2 $250 $1,000 + 0.70%

IRA/Roth IRA Certificate of Deposit (CD) Interest Rates


Term APY2 Rate
12 month 0.60% 0.60%
18 month 0.70% 0.70%
36 month 0.75% 0.75%

Compare a Traditional IRA Account to a Roth IRA Account

Traditional IRA

A traditional IRA may make sense if you:


Are eligible for a Traditional IRA deduction



Are ineligible to contribute to a Roth IRA


Anticipate a

HIGHER

tax rate while SAVING


Anticipate a

LOWER

tax rate during RETIREMENT



Are not concerned about tax implications



Plan to withdraw at least the required minimum distribution amounts during retirement

Roth IRA

A Roth IRA may be more fitting if you:


Are ineligible for a Traditional IRA deduction



Are ineligible to contribute to a traditional IRA due to age limit


Anticipate a

LOWER

tax rate while SAVING


Anticipate a

HIGHER

tax rate during RETIREMENT



Are concerned with tax implications to beneficiaries

Still need more information about your IRA options?