Best IRA CD Rate March 2011

An Individual Retirement Account (IRA) is a tax free investment. It is a good retirement strategy if you stash away even a few hundred dollars each month and invest it in an IRA CD. Many banks, brokerage and even insurance companies are offering this type of investment. However finding which bank offers the best IRA CD rate is time consuming. We have provided the best IRA CD rate for March 2011 below for reference. The IRA CD rate only applies to a 12 month IRA.

  • Transportation Alliance Bank offers 1.26%APY. Minimum amount to open is $1,000.
  • Nationwide Bank offers 1.25%APY. Minimum amount to open is $500.

  • Discover Bank offers 1.20%APY. Minimum amount to open is $2,500.
  • OneWest Bank offers 1.20%APY. Minimum amount to open is $1,000.
  • AIG Bank offers 1.15%APY. Minimum amount to open is $2,500.
  • giantbank.com offers 1.11%APY. Minimum amount to open is $1,000.
  • USAA offers 0.91%APY. Minimum amount to open is only $250.00.
  • Metlife Bank 12 month IRA CD rate is 0.90%APY and the minimum amount to open is $2,000.
  • ING Direct 12 month IRA CD rate is 0.75%APY, but there is no minimum amount required to open an IRA account.
  • Bank of America’s 12 month IRA CD rate is 0.45%APY and the minimum requirement to open the IRA account is $3,000.

You have to bear in mind that some banks change theirĀ  IRA CD rates without notice so it is best to visit a bank branch or the bank’s website to check for the current IRA CD rate. Also, some banks offer great IRA CD rate online however you must be comfortable with this online banking transaction. Don’t go for it if you have any doubts with online banking.

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