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Nationwide Bank IRA Rates May 2011

iracd — Wed, 18 May 2011 03:28:10 +0000

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.

SunTrust Bank IRA CD rates September 2010

iracd — Sat, 11 Sep 2010 02:34:42 +0000

Looking for a certificate of deposit or an IRA CD? SunTrust Bank has special CD offer and IRA CDs with flexible terms at a competitive, fixed interest rate. This offer runs for a limited time only.

The following terms and APYs are what SunTrust offers as of August 30, 2010. However, please note that the APYs may change at any time and without notice. There is also a penalty imposed for early withdrawal. Minimum opening balance is $2,000.

10 month no penalty CD – 0.40%APY
29 month CD and IRA CD – 1.25%APY
39 month CD and IRA CD – 1.50%APY
49 month CD and IRA CD – 1.75%APY
60 month CD and IRA CD – 2.00%APY

So the longer your term, the higher your return. In addition, since SunTrust CDs offer a competitive tiered rates, the more money you put in your CD, the more you will get in return.

SunTrust Bank, one of the nation’s largest, has numerous retail branches primarily located in Florida, Georgia, Maryland, North Carolina, Tennessee, Virginia, and the District of Columbia.

Westerra Credit Union IRA rates

iracd — Wed, 18 Aug 2010 00:29:50 +0000

Established in 1934 by eight visionary leaders as DPS Credit Union, Westerra Credit Union, as it is now being called, offers competitive IRA rates to its members. The IRA rates offered, accurate as of August 17, 2010, are as follows:

3 months – 0.30%APY
6 months – 0.55%APY
12 months – 0.80%APY
24 months – 1.30%APY
36 months – 1.55%APY
48 months – 2.10%APY
60 months – 2.45%APY

The minimum balance required for the above terms or period of investment is $500 with rates computed daily and paid monthly. Note that you will be penalized if you make an early withdrawal. In addition, once the IRA investment matures, it may be renewed automatically for the same term and at the current rate.

The Denver, Colorado based credit union also offers a CD Special, a 5-Year CD at 2.30%APY with 3 options:

Move the funds at any time to any Westerra CD at the current rate without any penalties. Only up to a minimum of 12 month term is allowed;
Take advantage of changing market rates by switching to a shorter term CD at any time; and
Keep the CD to full maturity at the rate provided, which is 2.30%APY.

Westerra Credit Union IRA are separately insured up to the maximum of $250,000.