Retirement Step Up CD

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Retirement Step Up CD

Rate increases

Every seven months the interest rate increases during the CD’s term, depending on the length you choose.
Transparency

Rates are locked in upon opening the CD. That way you know, up front, what your rate increases will be.
FDIC-insured

All U.S. Bank CDs are FDIC-insured to the maximum permitted by law.

Interest rates and annual percentage yield (APY)

You can deposit between $1,000 and $250,000.¹ Annual percentage yield (APY) and interest rates effective mm/dd/yy for County, State (Change)

Term² in months	Interest rate³	Blended APY⁴

Term² in months	Blended APY⁴

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Choose between a traditional or Roth IRA.

Determining which IRA is best for your unique situation depends on your age, income and financial goals. Please consult with your tax advisor for additional details and for help to decide which one is right for you.

Feature	Traditional IRA	Roth IRA
Description	Tax-deferred retirement savings account: No tax on the portion of your income you invest No tax on additional value your investments gain Potential taxes on withdrawals in retirement	Tax-free retirement savings account: Funded with income that has been taxed No tax on additional value your investments gain No taxes on withdrawals in retirement
Eligibility	Any age	Any age Income thresholds apply
Contribution limits	Under age 50: $6,500 per year Over age 50: $7,500 per year	Under age 50: $6,500 per year Over age 50: $7,500 per year
Distribution and withdrawals	Required minimum distributions start at age 73 (distributions are taxed) Penalty for withdrawals before age 59 ½	No required minimum distributions Penalty for withdrawals before age 59 ½

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How much can you earn?

Simply choose your CD, your opening deposit and your term length. We’ll do the calculating. Annual percentage yield (APY) and interest rates effective mm/dd/yy for County, State (Change)

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