IRA Rates

An Individual Retirement Account through AAA allows you to save for retirement while deferring taxes on the interest you earn.

Choose from IRA CDs with terms ranging from 1 to 10 years, or an IRA Savings Account.
Select Traditional or Roth IRA CDs.
Open your IRA CD* with a minimum of $1,500 or as little as $25 for an IRA Savings Accounts*.
Earn interest which accrues daily for maximum earnings.

Term	Interest Rate	APY*

6 MONTH	3.00%	3.05%
9 MONTH	4.10%	4.18%
12 MONTH	4.00%	4.08%
18 MONTH	4.30%	4.39%
24 MONTH	3.25%	3.30%
36 MONTH	3.10%	3.15%
48 MONTH	3.10%	3.15%
60 MONTH	3.35%	3.40%
IRA Savings+	0.40%	0.40%

More rates available. Call for details.

Minimum Balance	APY*
$0 - $1,499.99	0.05%
$1,500 - $4,999.99	0.12%
$5,000 - $14,999.99	0.16%
$15,000 - $39,999.99	0.30%
$40,000 and above	0.40%

IRA Savings and IRA CDs Facts & Fees

Facts	Fee
Early Withdrawal Penalties If you cash the CD out earlier than the term limit you agreed to, you’ll incur a penalty fee
CD Term Less than 12 months (3 month CD, 6 month CD, 9 month CD)	90 days simple interest on the amount withdrawn
CD Term 13 - 35 months (13 month CD, 24 month CD, 30 month CD)	180 days simple interest on the amount withdrawn
CD Term 36 - 48 months (36 month CD, 48 month CD)	180 days simple interest on the amount withdrawn
CD Term 49 - 83 months (60 month CD)	180 days simple interest on the amount withdrawn
CD Term 84 months or greater (84 month CD, 120 month CD)	180 days simple insterest on the amount withdrawn

Account Services
Cashier’s Check Fee (customers only) A check that’s guaranteed by our bank	$25.00

Wire Transfers Another way to send money from one account to another
Wire Transfer Fee (incoming, domestic)	$0.00
Wire Transfer Fee (outgoing, domestic)	$25.00
Wire Transfer Fee (incoming, international)	$0.00
Wire Transfer Fee (outgoing, international)	$35.00

Roth vs. Traditional IRA CDs

Key Questions	Roth IRA	Traditional IRA
What are the key advantages?	A Roth IRA is funded with your after-tax dollars but your earnings and withdrawals are tax free. This can translate to big tax savings in the future.	Contributions to a Traditional IRA are tax deductible up to certain income limits. You may pay less in taxes in the years you contribute but will pay tax when you start making withdrawals.
Who is this product best for?	This is a good option for those who expect to have a higher tax rate when they begin making withdrawals vs. when they contribute.	This is a good option for those who expect to have a lower tax rate when they begin making withdrawals vs. when they contribute.
How much can I contribute?	Up to $5,500 of earned income plus an additional $1,000 starting at age 50. This amount is the total allowable contribution you can make to both Traditional and Roth IRA plans.	Up to $5,500 of earned income plus an additional $1,000 starting at age 50. This amount is the total allowable contribution you can make to both Traditional and Roth IRA plans.
Who is eligible?	If you have taxable earned income, you can participate. There are limits on how much you can contribute based on your income and tax filing status.	If you have taxable earned income, you can participate up to the age of 70½. There are income limits for tax-deductible contributions.
When can I start making withdrawals?	You can withdraw your contributions without penalty at any time. You can begin making penalty-free withdrawals of earnings if you are at age 59½ and if your account has been open for at least 5 years.	You can begin making penalty-free withdrawals at age 59½ and you must begin taking distributions by age 70½.

*Annual Percentage Yield (APY) is accurate as of 7/07/2023. Advertised rates are subject to change without notice. IRA Savings Accounts: A $25 minimum opening deposit is required. IRA CD Accounts: Interest rates are fixed until initial maturity after the account is opened. A $1,500 minimum deposit to open the account and obtain the APY is required. A penalty may be imposed for early withdrawal. Fees may reduce earnings on the account. Products are offered by Auto Club Trust, FSB, Equal Credit Opportunity Lender.