Nationwide Bank IRA Rates May 2011

Nationwide Bank, which offers Traditional IRA and Roth IRA to individuals who want to grow their retirement income, updated its rate sheet today, May 17, 2011.

Effective May 17, 2011, Nationwide Bank’s  Traditional IRA and Roth IRA rates are as follows:

  • For deposits from $0 to $9,999.99:

3  months – 0.50%APY

6 months – 0.80%APY

12 months – 1.15%APY

24 months – 1.45%aPY

36 months – 1.90%APY

48 months – 2.25%APY

60 months – 2.40%APY

  • For deposits from $10,000 to $99,999.99, the APY’s are the same for the same terms.
  • For deposits from $100,000 and above, the IRA rates are as follows:

3  months – 0.55%APY

6 months – 0.85%APY

12 months – 1.20%APY

24 months – 1.50%aPY

36 months – 1.95%APY

48 months – 2.30%APY

60 months – 2.45%APY

The difference is 0.05%APY, which is not much but could accumulate in time.

Still searching for the best IRA rates? Check Discover Bank’s May 2011 IRA CD Rates. You may also want to check which is best for you, a Traditional IRA or Roth IRA.

 

 

 

 

 

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