Best IRA CD Rates » Hancock Bank http://www.bestiracdrate.com Bringing you banks best IRA CD rates Fri, 11 May 2012 01:11:10 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 Hancock Bank IRA Rates http://www.bestiracdrate.com/hancock-bank-ira-rates/ http://www.bestiracdrate.com/hancock-bank-ira-rates/#comments Tue, 19 Jan 2010 02:51:02 +0000 iracd http://www.bestiracdrate.com/?p=513 Hancock Bank, a Florida based bank, is offering Certificate of Deposit IRA with very competitive rates. The rates below applies to IRAs opened through CDs. Minimum balance required to open is $1,000.

  • 6 months – 1.60%APY
  • 1 year  – 2.00%APY
  • 18 months  – 2.25%APY
  • 2 years – 2.40%APY
  • 3 years – 2.50%APY
  • 4 years – 2.75%APY
  • 5 years – 3.00%APY

The 5 year term IRA rate is quite tempting. However, your money will be tied up in the bank for 3 long years. No one knows when the IRA rate increases so perhaps the best strategy, for the meantime, is to go for a short term. Ideally, most people would go for a 1 year term, which is not bad. Hancock Bank’s 1 year IRA rate is currently at 2.00%APY which is way above the 12 month bank IRA rates offered in California for January 2010.

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