Best IRA CD Rates

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  • 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.

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  • ViewPoint Bank is offering 3 types of CD and IRA CD products.

    1. A 12 month Regular Start-up CD and IRA Start-up CD at 1.25%APY which requires $100 minimum opening deposit and obtain the APY. Rate is compounded and paid quarterly.

    2.  Regular CD and IRA CD which require $1,000 minimum opening deposit and obtain the APY. APYs and compounding of interests vary according to terms.

    • 3 months – 0.75%APY. Simple interest paid at maturity.
    • 6 months – 1.25%APY. Interest compounded and paid monthly.
    • 12 months at 1.50%APY, 18 months at 2.00%APY, 24 months at 2.15%APY, 36 months at 2.50%APY, 48 months at 2.75%APY and 60 months at 3.00%APY. Interests in all of these terms are compounded and paid quarterly.

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  • Sandhills Bank, a state-chartered and family-owned community bank with locations in North Myrtle Beach, Bethune and McBee, South Carolina, is offering personal products, a Certificate of Deposit and Individual Retirement Account.

    The South Carolina based bank offers two terms CD or IRA. One is a 12 month CD or IRA at 2.30%APY and a 24 month CD or IRA at2.50%APY. The APYs are accurate as of May 5, 2009 and is subject to change without notice. Note that a penalty will be charged for early withdrawal of the principal.

    Sandhills Bank is insured with FDIC.

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