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.
|Term||Interest Rate||Annual 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 12/06/2013. 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.
*Penalty for early withdrawal waived for customers taking Required Minimum Distribution, based solely on IRA funds currently on deposit with First Internet Bank only.
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