Open a Traditional IRA or Roth IRA account with Beginnings.
IRA Savings and IRA Certificate accounts are available.
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Have more financial planning questions? Talk to our investment solutions team.
Traditional and Roth IRAs
While it’s great to have options, trying to choose between a Traditional IRA and a Roth IRA—for some—can be frustrating and confusing. What are my options? What type of IRA is best for me? Millions of taxpayers struggle with these questions each year. When trying to choose between a Traditional IRA and a Roth IRA, it’s important to note that the choice doesn’t have to be an all or nothing proposition. Assuming you meet the funding eligibility requirements, you don’t have to choose one option over the other (although your aggregate contributions must be within the prescribed annual funding limit). Traditional IRAs and Roth IRAs are both tax-advantaged savings vehicles that can help you achieve a more financially secure future. See documents below for more information.
Both Traditional and Roth IRAs are available in Certificate and Savings options. Depending on your choice, you may be able to take a tax deduction for Traditional IRA contributions or withdraw the earnings from a Roth IRA tax-free.
Learn More About IRAs
Certificates with $500 minimum to open and earn APY
| Term | APY1 |
|---|---|
| 3 Month Plus | 3.00% |
| 6 Month Plus | 3.50% |
| 12 Month Plus | 3.50% |
| 24 Month Plus | 3.50% |
| 36 Month Plus | 3.40% |
| 48 Month Plus | 3.40% |
| 60 Month | 3.40% |
The APY is fixed for the initial term. At renewal, the APY is variable and may change at this time. Fees may reduce earnings. A penalty will be imposed for early withdrawal.
Certificate Truth in Savings Disclosure
1APY=Annual Percentage Yield. Compounded Monthly
Certificates with $25,000 minimum to open and earn APY
| Term | APY1 |
|---|---|
| 3 Month Plus | 3.10% |
| 6 Month Plus | 3.60% |
| 12 Month Plus | 3.60% |
| 24 Month Plus | 3.60% |
| 36 Month Plus | 3.50% |
| 48 Month Plus | 3.50% |
| 60 Month | 3.50% |
The APY is fixed for the initial term. At renewal, the APY is variable and may change at this time. Fees may reduce earnings. A penalty will be imposed for early withdrawal.
Certificate Truth in Savings Disclosure
1APY=Annual Percentage Yield. Compounded Monthly
Certificates with $100,000 minimum to open and earn APY
| Term | APY1 |
|---|---|
| 3 Month Plus | 3.25% |
| 6 Month Plus | 3.75% |
| 12 Month Plus | 3.75% |
| 24 Month Plus | 3.75% |
| 36 Month Plus | 3.60% |
| 48 Month Plus | 3.60% |
| 60 Month | 3.60% |
The APY is fixed for the initial term. At renewal, the APY is variable and may change at this time. Fees may reduce earnings. A penalty will be imposed for early withdrawal.
Certificate Truth in Savings Disclosure
1APY=Annual Percentage Yield. Compounded Monthly
IRA Savings
| Daily Balance | APY1 |
|---|---|
| Minimum $100 to earn APY | 1.75% |
1APY=Annual Percentage Yield. Compounded Monthly. The APY is a variable rate and may change after the account is opened. Fees may reduce earnings.
*Always consult with a tax advisor regarding your specific financial situations.