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.
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.