Golf Savings Bank IRA Rates

Golf Savings Bank offers competitive IRA rates including Traditional and ROTH IRAs for transfer or rollover. Sometime in 2009, Golf Savings Bank offered a 4 year IRA account at 3.40%APY, its highest IRA rate offer before the year ends.

As of January 15, 2009, the 4 year IRA rate is down to only 2.65%APY. This is quite a big drop but there is hope as most economists expect the Federal Reserve will stop driving interest rates to record lows sometime this year with June often mentioned as a good month for the turnaround.

According to its rate sheet, Golf Savings Bank rate on IRA accounts including Traditional and ROTH IRAs as of January 15, 2009 are as follows:

  • For minimum deposits of $10,000 – $90,000
  1. 6 months  – 1.35%APY
  2. 12 months – 1.90%APY
  3. 2 years – 2.20%APY
  4. 3 years – 2.50%APY
  5. 4 years – 2.65%APY
  6. 5 years – 3.00%APY
  • For minimum deposit of $90,000.01+
  1. 6 months  – 1.25%APY
  2. 12 months – 1.80%APY
  3. 2 years – 2.10%APY
  4. 3 years – 2.40%APY
  5. 4 years – 2.55%APY
  6. 5 years – 2.90%APY

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