Retirement CD

  • Tax-advantaged

    Depending on the type of IRA you choose, you can grow your money tax-free or tax-deferred.

  • Flexible

    When it comes to term lengths, this Retirement CD is flexible. You can go as short as three months to as long as five years.

  • Guaranteed return

    After you choose the term length and rate that works best for you, that guaranteed rate will last for the duration of your term.1

  • FDIC-insured

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

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Terms and annual percentage yield (APY)

You can deposit between $500 and $250,000.2 Our standard Jumbo Certificates of Deposit allow you to deposit $250,000 or greater. Annual percentage yield (APY) and interest rates effective mm/dd/yy for County, State (Change)

Standard CD rates

Term1
in months
CD amount APY3

Jumbo CD rates

Rates applicable for a minimum opening deposit of greater than $250,000.00 are listed below. mm/dd/yy for County, State (Change)

Term1
in months
CD amount APY3

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: $6,000 per year
  • Over age 50: $7,000 per year
  • Under age 50: $6,000 per year
  • Over age 50: $7,000 per year

Distribution and withdrawals

  • Required minimum distributions start at age 72 (distributions are taxed)
  • Penalty for withdrawals before age 59 ½
  • No required minimum distributions
  • Penalty for withdrawals before age 59 ½

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)

Ready to get started?