Individual Retirement Accounts (IRAs)

Plan for your retirement with guaranteed growth and FDIC-insured protection.

As millions of Americans have already discovered, IRAs are one of the best savings tools available today. More people than ever before are now eligible to take advantage of the incredible tax advantages available through IRAs.

To learn more about the benefits of IRAs, contribution limits, or even to analyze whether it makes sense to convert a Traditional IRA to a Roth IRA, visit our IRA Service Center.

First IB IRAs include free online banking, mobile banking, and telephone banking access.

TermInterest RateAnnual Percentage Yield (APY)Early Withdrawal Penalty*
12 Months Open  0.85% 0.85% 180 days interest
18 Months Open  0.90% 0.90% 180 days interest
24 Months Open  1.00% 1.00% 360 days interest
36 Months Open  1.14% 1.15% 360 days interest
48 Months Open  1.29% 1.30% 360 days interest
60 Months Open  1.64% 1.65% 360 days interest
Money Market IRA Open  0.80% 0.80% none

Rates above apply to all balance levels. Rates last updated 04/17/2014. Rates are subject to change on any day and will be updated by 10 AM Eastern. Please be sure to check this page after 10 AM Eastern for the rate that will be honored today. IRA CD rates are guaranteed as of the postmark date on the envelope containing the signed application and funding for the account. APYs assume interest is reinvested. You have the option to use our online banking, mobile banking, and telephone banking systems to get information about your CD. First IB will send you an annual recap of your IRA activity shortly after the first of each year. First IB does not issue monthly statements for IRAs, unless you have other checking and/or savings accounts with us.

First IB does not provide, and is not responsible for, the electronic deposit insurance estimator available through the FDIC Insurance link above. Additionally, the privacy policy for the First IB website does not apply to the electronic deposit insurance estimator site. You may wish to consult the privacy disclosures of that site before sharing personal information with that site.

*Penalty for early withdrawal waived for customers taking Required Minimum Distribution, based solely on IRA funds currently on deposit with First Internet Bank only.