You are viewing fixed rate ira rates around: Virginia, VA 20146

IRA CD Rates

If you have your savings dollars in a big bank or a bank with low savings rates, then you are losing money. We've found FDIC insured banks that will pay you more. Take a few minutes to explore the options below and see how you can boost your savings by more than 6X the national average rate. There is competition for your money. Take advantage of it!

Ashburn, VA - July 27, 2016

BANKS APY Term MIN MILES ?
The Fauquier Bank 1.75% 59 $5,000 17.79
Manufacturers and Traders Trust Company 1.51% 60 $1 8.08
Manufacturers and Traders Trust Company 1.51% 60 $1 1.49
First National Bank of Pennsylvania 1.50% 61 $5,000 15.97
First National Bank of Pennsylvania 1.40% 52 $5,000 15.97
Metro City Bank 1.15% 13 $1,000 14.47
First National Bank of Pennsylvania 1.05% 35 $5,000 15.97
Capital One, National Association 1.01% - $1,000 13.41
The Freedom Bank of Virginia 1.01% 14 $500 9.63
The Fauquier Bank 1.00% 27 $5,000 17.79
Branch Banking and Trust Company 1.00% 21 $500 8.08
Presidential Bank, FSB 0.95% - $1,000 6.05
First National Bank of Pennsylvania 0.90% 19 $5,000 15.97
Carter Bank & Trust 0.90% - $100 18.68
First Virginia Community Bank 0.90% - $1,000 10.31
Sandy Spring Bank 0.85% 29 $10,000 14.78
Sandy Spring Bank 0.85% 29 $10,000 2.37
John Marshall Bank 0.85% - $500 6.09
Metro City Bank 0.84% - $1,000 14.47
Sandy Spring Bank 0.80% 21 $10,000 14.78
Sandy Spring Bank 0.80% 21 $10,000 2.37
The Freedom Bank of Virginia 0.80% - $500 9.63
SONABANK 0.80% - $500 6.41
Revere Bank 0.80% 17 $1,000 16.00
The Fauquier Bank 0.75% 11 $5,000 17.79
Branch Banking and Trust Company 0.75% 13 $500 8.08
Access National Bank 0.70% - $10,000 5.10
Revere Bank 0.70% - $1,000 16.00
EagleBank 0.65% - $1,000 13.96
EagleBank 0.65% - $1,000 3.87
WashingtonFirst Bank 0.65% - $1,000 5.30
Sandy Spring Bank 0.55% - $1,000 14.78
Sandy Spring Bank 0.55% - $1,000 2.37
Cardinal Bank 0.55% - $1,000 4.21
Wells Fargo Bank, National Association 0.50% 58 $2,500 13.52
Wells Fargo Bank, National Association 0.50% 58 $2,500 0.96
The Middleburg Bank 0.50% - $500 0.94
Congressional Bank 0.50% - $1,000 8.26
MainStreet Bank 0.50% - $500 7.45
Burke & Herbert Bank & Trust Company 0.45% - $100 15.32
The Middleburg Bank 0.40% - $500 0.94
Damascus Community Bank 0.40% - $100 17.43
First National Bank of Pennsylvania 0.35% 13 $5,000 15.97
Wells Fargo Bank, National Association 0.30% 39 $2,500 13.52
Wells Fargo Bank, National Association 0.30% 39 $2,500 0.96
First National Bank of Pennsylvania 0.30% - $500 15.97
Xenith Bank 0.30% - $500 16.04
Branch Banking and Trust Company 0.25% 13 $500 8.08
Branch Banking and Trust Company 0.25% 13 $500 0.92
TD Bank, National Association 0.25% - $250 15.28
TD Bank, National Association 0.25% - $250 5.59
United Bank 0.25% 13 $500 2.24
Wells Fargo Bank, National Association 0.20% 26 $2,500 13.52
Wells Fargo Bank, National Association 0.20% 26 $2,500 0.96
Citibank, National Association 0.20% - $250 14.81
Citibank, National Association 0.20% - $250 6.42
United Bank 0.20% - $500 2.24
Wells Fargo Bank, National Association 0.16% 24 $1 13.52
Wells Fargo Bank, National Association 0.16% 24 $1 0.96
Capital One, National Association 0.15% - $1,000 0.74
PNC Bank, National Association 0.15% - $1,000 13.60
United Bank 0.15% 7 $500 2.24
Woodforest National Bank 0.15% - $500 3.37
Manufacturers and Traders Trust Company 0.10% - $1,000 8.08
Manufacturers and Traders Trust Company 0.10% - $1,000 1.49
SunTrust Bank 0.10% - $2,000 11.05
SunTrust Bank 0.10% - $2,000 1.60
Wells Fargo Bank, National Association 0.10% 9 $2,500 13.52
Wells Fargo Bank, National Association 0.10% 9 $2,500 0.96
PNC Bank, National Association 0.10% - $1,000 13.60
PNC Bank, National Association 0.10% - $1,000 0.73
The Fauquier Bank 0.10% - $500 17.79
Branch Banking and Trust Company 0.10% - $500 8.08
Branch Banking and Trust Company 0.10% - $500 0.92
First-Citizens Bank & Trust Company 0.10% - $500 5.91
Summit Community Bank, Inc 0.10% - $500 5.81
Union Bank & Trust 0.10% - $1,000 14.20
Bank of America, National Association 0.07% 12 $2,000 13.50
Bank of America, National Association 0.07% 12 $2,000 1.53
Bank of America, National Association 0.05% - $1 13.50
Bank of America, National Association 0.05% - $1 1.53
Wells Fargo Bank, National Association 0.05% - $1 13.52
Wells Fargo Bank, National Association 0.05% - $1 0.96
Fulton Bank, National Association 0.05% - $500 7.59
Bank of America, National Association 0.04% 9 $2,000 13.50
Bank of America, National Association 0.04% 9 $2,000 1.53


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Fixed Rate IRA CDs

Fixed Rate IRA CDs are CDs that are held within an Individual Retirement Account (IRA) or a Roth Retirement Account. In an IRA, the funds are deposited pre-tax and allowed to accumulate tax free. When the individual retires, they are withdrawn and all earnings are taxed at the prevailing tax rate. Because individuals generally have lower incomes upon retirement, the tax rate is lower than what it would have been during their working years.

With a Roth IRA, post-tax funds are deposited into the account and the money is allowed to accumulate and be withdrawn tax free.

If the funds are withdrawn before retirement age 59 1/2, the individual will be required to pay a 10% penalty on top of any taxes owed. There are some exceptions to this rule. Fund can be withdrawn penalty free if they are used to pay for education at an IRA qualifying institution or in the purchase of a house.

Advantages to a FIRA

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Money grows in a tax-advantaged way.

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Funds are FDIC insured, just like a regular CD.

 · 

Interest rates on FIRAs are often higher than the same terms for a CD.

 · 

Some flexibility in withdrawing the money early for first time homebuyers and education expenses.

Disadvantages to a FIRA

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Returns may not be as high as stocks, bonds, mutual funds.

 · 

Funds cannot be withdrawn until 59 1/2 without penalty (except for IRS approved expenses).

 · 

If interest rates rise during the term of the FIRA, money will be stuck in lower yielding account.

Please click here for more information on fixed rate IRA CDs.

  • Gary Ronan

    May 03, 2016

    Your not locked in for 5 years. You can take it out any time but you will lose interest for a specified term. My credit union which holds my Roth IRA will dun me 6 months interest but your not making much anyway.

  • Carolyn Hornyak

    January 18, 2016

    I saw in the Phoenix, Arizona an ad for Sun Cities Financial Group advertising a high yield CD special for 4.40%? Is this legitimate?

    Carolyn

  • JOHN

    January 14, 2016

    MORE USELESS INFO. NO LENGHT OF TERM LISTED. ONLY USEFULL INFO IS NAME OF INSTITUTION SO I CAN PHONE THEM.

  • Chotzey

    December 30, 2015

    To lock in @ 5 years may be risky. When watching MSNBC the other day they were saying rates are to be gradually going up. May be a gamble, but everything is.

  • Ray P

    December 30, 2015

    None of the rates shown can be found at any of the banks. The actual bank rates are almost half of what is shown here.

  • Lori Martin

    January 09, 2015

    Jack:

    ??? Looked up rates at PenFed (we're a member) and they show a 5 yr at 1.76%. The last time it was 3.0 and over (3.04) was in Dec. 2013 (for the 5 & 7 year).

  • Jack Mazer

    January 27, 2014

    Penfed offers a 60 month cd at 3 percent.

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