Franklin Bank IRA Rates

Franklin Bank is offering IRA Savings and IRA CD. Earnings for IRA Savings depend on account balances while earnings for IRA CDs depend on how long you are willing to stash away your money in the bank.

For example, IRA savings with balances of between $10,000 and above get 2.52%APY. Balances of between $5,000 to $9,999 earn 2.02%APY while balances below $4,999 get 1.00%APY only.

For IRA CDs, the longer the term the higher the earnings.

  • 12 month – 1.75%APY
  • 18 month – 2.00%APY
  • 24 month – 2.10%APY
  • 30 month – 2.30%APY
  • 36 month – 2.40%APY
  • 48 month – 2.75%APY
  • 60 month – 3.00%APY

It is required however that you maintain a minimum balance of $1,000 to earn the APY. Earnings are compounded daily but credited quarterly. IRA rates accurate as of July 3, 2009.

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