18-Month Variable Rate IRA¹

This 18-month variable rate IRA¹ is FDIC insured and earns interest at a rate that is comparable to the prevailing rate in the market.²

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Features of the 18-Month Variable Rate IRA¹

$0 monthly maintenance fees. Fees for early withdrawal may apply.

Additional deposits allowed³

Get started with $250⁴

Tax-deferred

Rates
- Rate is equal to the most recent discount auction rate of the six-month Treasury Bill plus 0.25%.²
Annual Percentage Yield (APY)
- Check rates
Terms
- Available term is 18 months
- Can be automatically renewed
Minimum balance
- $250⁴ minimum opening deposit required
Additional deposits
- Additional deposits of $50 or more can be deposited any time during the 18-month term³. Additional deposits do not extend the original maturity date.
- The rules for withdrawing from an IRA vary depending on age and the type of IRA. Visit the IRS website for more information on IRA withdrawals.
- No monthly maintenance fees
- Fees for early withdrawal may apply

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Available for Traditional IRAs only.
The interest rate on this deposit is equal to the discount rate of the new 6-month Treasury bill plus ¼%. The discount rate of the 6-month Treasury bill is determined by the weekly auction of the Federal Reserve. To this extent, the interest rate and Annual Percentage Yield (APY) earned on this deposit are subject to change weekly and may be deemed variable rates. Fluctuations in the discount rate of the 6-month Treasury bill could cause an interest rate and APY in a subsequent week to be less than the interest rate and APY in an earlier week. Fees could reduce earnings on the account. For more information see Pricing Schedule. This deposit is not available for Roth IRA or Coverdell Education Savings Accounts.
Additional deposits are permitted during the 18-month term, with a minimum of $50.
Minimum opening deposit amount of $250.