Internet IRA CD offer as of August 23, 2011
Zions Bank is offering an internet IRA CD at 1.26%APY. The IRA CD rate is a fixed rate based on the term of the certificate and is accurate as of August 23, 2011. Available exclusively online, the minimum opening deposit required is $1,000. This rate is for a 5 year term IRA CD and there is no monthly service fee.
What is Internet IRA CD?
Internet IRA CD is a type of savings account that limit the distribution of funds until the account holder reaches the age of 59 ½.
Terms of Zions Bank IRA CD
Zions Bank offers IRA CD terms of 3 months to 5 years. The IRA CD rate below details how much rate is for what term.
- 3 months – 0.10%APY
- 6 months – 0.25%APY
- 1 year and 2 years – 0.55%APY
- 3 years – 0.70%APY
- 4 years – 0.95%APY
History and Insurance
Zions Bank, which has been doing business since 1873, is one of the oldest banks in Western United States. The bank’s deposits are FDIC insured up to $250,000 per category of account ownership for each customer. Its Internet Accounts are FDIC insured deposit products and are provided to give customers the convenience of not going into a local branch.