Rates
Individual Retirement Accounts
Individual Retirement Accounts (Traditional and Roth) were created specifically to encourage people to save for retirement. Incentives include deferring taxes on earnings until funds are withdrawn and, in some cases, a tax deduction for contributions. Federal law sets eligibility criteria based on age, income limits, and other factors. Please consult your tax adviser or accountant for further information.
Check out our current terms and rates
IRA Certificate of Deposit - Available for terms from 3 to 60 months
| Term | Interest Rate | APY* |
|---|---|---|
| 3 months | 0.149% | 0.15% |
| 6 months | 0.249% | 0.25% |
| 7 months | 0.299% | 0.30% |
| 9 months | 0.399% | 0.40% |
| 10 months | 0.399% | 0.40% |
| 12 months | 0.499% | 0.50% |
| 15 months | 0.548% | 0.55% |
| 18 months | 0.598% | 0.60% |
| 20 months | 0.648% | 0.65% |
| 24 months | 0.648% | 0.65% |
| 30 months | 0.698% | 0.70% |
| 36 months | 0.797% | 0.80% |
| 48 months | 0.896% | 0.90% |
| 60 months | 1.094% | 1.10% |
* Advertised APY (Annual Percentage Yield) is effective as of June 14, 2013 and is subject to change at any time. APY for IRA Certificates of Deposit are fixed rates and reflect daily compounding of interest. There may be a substantial penalty for early withdrawl from an IRA Certificate of Deposit account. Minimum opening deposit of $500 is required.
IRA Savings Account - Available for Short-term, Liquid or Periodic IRA Investments.
$100 +
| Interest Rate | APY* |
|---|---|
| 0.349% | 0.35% |
* APY (Annual Percentage Yield) for the IRA Savings Account is effective as of June 14, 2013 . APY for this account is a variable rate and is subject to change at any time. APY reflects daily compounding of interest. IRA Savings requires a minimum opening balance of $100 and a minimum daily balance of $100 to earn interest on all balances.
To apply or for more information, call toll free
1-877-NJM-BANK (1-877-656-2265)
Fill out our IRA Account Application
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