PERSONAL

IRAs (Individual Retirement Account)

Grow your retirement savings in a tax-advantaged IRA

The sooner you prepare for retirement, the better. Individual retirement account (IRA) CDs are one of the best savings tools available to help you fund the next phase of your life. Start with as little as $1,000 and build your retirement savings through guaranteed growth, backed by FDIC-insured protection. Learn more about IRA benefits and contribution limits — and analyze whether it makes sense to choose a traditional or Roth IRA.

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CHAT

Term Interest Rate Annual Percentage Yield (APY) Early Withdrawal Penalties
12 Months
open an account
2.70% 2.73% 180 days interest
18 Months
open an account
2.80% 2.84% 180 days interest
24 Months
open an account
2.90% 2.94% 360 days interest
36 Months
open an account
3.00% 3.04% 360 days interest
48 Months
open an account
3.10% 3.14% 360 days interest
60 Months
open an account
3.30% 3.35% 360 days interest
Money Market IRA
open an account
1.80% with a daily balance of $250,000 or less


2.00% with a daily balance above $250,000

1.81% with a daily balance of $250,000 or less


2.02% with a daily balance above $250,000

None

Open with as little as $1,000. Rates above apply to all balance levels. Rates last updated 11/7/2018. Rates are subject to change on any day and will be updated by 10:00 AM EST. Please be sure to check this page after 10:00 AM EST 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. Interest is compounded and credited monthly. APYs assume interest remains on deposit until maturity. A withdrawal may reduce earnings. You have the option to use our online banking or mobile banking systems to get information about your IRA CD. First Internet Bank will send you an annual recap of your IRA CD activity shortly after the first of each year. First Internet Bank does not issue monthly statements for IRAs, unless you have your monthly interest or required minimum distribution automatically deposited to another account or you have other checking and/or savings accounts with us. For additional information, visit our Disclosures page.

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Simplify your daily finances

You’ve already made a smart choice for your future by reviewing our IRAs. Why not look into our nationally competitive checking and savings accounts and mortgages too? After all, saving more on these financial products can free up more funds for your IRA.