First Trade Union Bank featured IRA CD is a 15 Month Step Up IRA CD at 2.25%APY, which requires a minimum balance of $500 to open. A 15 Month Step Up IRA CD is may be converted to a higher rate at one time only during the 15 month term.
The bank also offers the following IRA CD rates:
- 6 month IRA CD at 2.00%APY. Requires $1,000 minimum balance to open
- 1 year IRA CD at 2.25%APY. Requires $500 minimum balance to open
- 2 year IRA CD at 2.75%APY. Requires $500 minimum balance to open
- 2 1/2 year IRA CD at 2.85%APY. Requires $500 minimum balance to open
- 3 year IRA CD at 3.00%APY. Requires a minimum balance of $500 to open
The highest IRA CD rate that First Trade Union Bank offers is for a 5 year term IRA CD which is at 3.50%. 4 year term IRA CD is at 3.25%.
First Trade Union Bank has a 4 star rating from Bankrate which means the bank is in sound financial condition. It has also received the highest quality rating from Veribanc, Inc.