Why is an IRA Certificate different than a Traditional or Roth IRA?
An IRA Certificate opens for 10 days on its maturity date, giving you the flexibility of rolling your funds into a different certificate that may have higher dividends or a more convenient term.
IRA Certificate dividend rates can be higher than that of a Traditional or Roth IRA.
When can I withdraw from my IRA Certificate?
You are able to make withdrawals up to 10 days after the maturity date of your IRA Certificate.
Withdrawals made before age 59 1/2 will incur federal and state tax penalties.
Beginning at age 70 1/2, you are required to withdraw a minimum within 10 days of the maturity date. This is known as a "required minimum distribution." You can learn more on the IRS website.
You may be able to earn
more money by taking out
an IRA Certificate with higher
paid dividends, plus you can
roll it over into a new
Certificate once it matures
for greater earning potential.