IRA Certificates of Deposit (IRA CDs)
Terms from 90 days to 5 years
Deposit made at initiation
Fixed interest for the term of the certificate, compounded and paid monthly
No monthly service charge
Penalty for withdrawals before maturity date may apply
IRS penalty for early withdrawal (before age 59½)


Variable IRAs

No set maturity date
Periodic deposits allowed including automatic scheduled deposits
Variable interest, compounded and paid monthly
No monthly service charge
IRS penalty for early withdrawal (before age 59½)
 
1 Consult a tax advisor.