Annual Percentage Yield (APY) is accurate as of XX/XX/XXXX and is subject to change without notice. The APY will be determined and fixed for entire IRA CD term once account is opened and correctly completed documentation and funding is received. We will send you written confirmation of the interest rate, APY and maturity date of your IRA CD after it is opened or funded. Applies to personal accounts only. A penalty may be charged for early withdrawal. Minimum opening balance is $2,500. Consult a financial advisor or tax professional for guidance.
Annual Percentage Yield (APY) is accurate as of XX/XX/XXXX and is subject to change without notice. The APY will be determined and fixed for entire IRA CD term once account is opened and correctly completed documentation and funding is received. We will send you written confirmation of the interest rate, APY and maturity date of your IRA CD after it is opened or funded. Applies to personal accounts only. A penalty may be charged for early withdrawal. Minimum opening balance is $2,500. Consult a financial advisor or tax professional for guidance.
Annual Percentage Yield (APY) is accurate as of XX/XX/XXXX and is subject to change without notice. The APY will be determined and fixed for entire IRA CD term once account is opened and correctly completed documentation and funding is received. We will send you written confirmation of the interest rate, APY and maturity date of your IRA CD after it is opened or funded. Applies to personal accounts only. A penalty may be charged for early withdrawal. Minimum opening balance is $2,500. Consult a financial advisor or tax professional for guidance.
Deciding between Roth and Traditional IRA CDs.
Compare the two types of IRA CDs to see which is right for you.
Roth IRA CD
Funded with after-tax dollars.
Earnings and qualified withdrawals are tax-free.
Contributions are not tax deductible.
Limitations applyTraditional IRA CD
Funded with pre-tax dollars.
Earnings are tax-deferred.
Contributions are tax-deductible up to certain income limits.
Limitations applyRoth IRA CD
Think your tax rate will be higher when you withdraw? Go with a Roth IRA.
Traditional IRA CD
Think your tax rate will be lower when you withdraw? Choose a Traditional IRA.
Roth IRA CD
(limits based on income and tax filing status).
Traditional IRA CD
(income limits apply for tax-deductible contributions)
Roth IRA CD
Withdraw earnings without IRS penalty at age 59½ if your account is at least 5 years old.
Traditional IRA CD
Withdraw contributions and earnings without IRS penalty at age 59½.
Distributions are required to start by age 70½ if you were 70½ by 12/31/2019. If you turn 70½ in 2020 or years following, distributions will not be required until you are age 72.
Fund your tomorrow with ease.
Invest in your future with these simple ways to fund Discover IRAs.
When you contribute funds, you’ll be depositing money that is not presently deposited in any type of retirement account. The IRS imposes annual limits on how much you can contribute. You may want to contact a financial advisor or tax professional for further information.
- Transfer money that is not currently deposited in any type of retirement account directly into our IRAs.
When you rollover funds, you receive the funds through a distribution from your IRA. You then have 60 days from receipt of those funds to roll them into another IRA or qualified retirement plan to avoid tax consequences. IRA owners are limited to only one IRA-to-IRA rollover in any 12-month period. Rollovers are not counted toward your annual contribution limits. You may want to contact a financial advisor or tax professional for further information.
- Move money from other retirement plans or accounts into one of our IRAs with ease.
When you transfer an IRA, the funds are moved directly from one financial institution to another. The transfer check is made payable to your financial institution for your benefit. Because you don’t handle the funds directly, the transaction is not considered a distribution. There is no limit to the number of transfers you can make.
- Easily transfer an IRA from another financial institution to one of our IRAs.
It all adds up to more freedom down the road.
See how our IRA CD interest rates compound your money over time so your earnings are there when you’re ready to retire.
Initial deposit
Assumes principal and interest remain on deposit and interest rate and APY do not change for one year. The values shown are for illustrative and informational purposes only and may not apply to your individual circumstances.
Annual Percentage Yield (APY) is accurate as of XX/XX/XXXX and is subject to change without notice. The APY will be determined and fixed for entire IRA CD term once account is opened and correctly completed documentation and funding is received. We will send you written confirmation of the interest rate, APY and maturity date of your IRA CD after it is opened or funded. Applies to personal accounts only. A penalty may be charged for early withdrawal. Minimum opening balance is $2,500. Consult a financial advisor or tax professional for guidance.
Get started with as little as $2,500.
Yes, PleaseWatch your earnings grow, on the go.
Check in on your IRA CD from anywhere.
Opening an IRA CD account couldn’t be simpler.
- Just give us a few basics (like address and Social Security number), and we’ll get the ball rolling for you.
- Sign the paperwork. It should be in your mailbox within 7-10 days of opening your account.
- Check your email for a confirmation, and you’re on your way to the future you’ve been dreaming of.