IRA Savings & CDs


Enjoy excellent short-term and long-term options


Call 855.999.BANK for assistance or to open an account


Open an IRA easily online and start earning interest today

OPEN AN IRA SAVINGS ACCOUNT
OPEN AN IRA CD

Is an Individual Retirement Account right for me?

An Individual Retirement Account through AAA allows you to save for retirement while deferring taxes on the interest you earn. Anyone can open an IRA, but the product is ideally suited for those who don’t have a retirement plan through their employer.

  • Earn income and defer taxes. An IRA is designed for long-term savers seeking tax-favored growth.* You owe nothing on the gains for as long as the money remains in the IRA.
  • Not just for retirement. Though IRA funds are typically saved for retirement, there are provisions for withdrawal prior to retirement.
  • Supplement your 401(k). Even if you contribute to an employer-sponsored 401(k), you can open and contribute to a traditional IRA as long as your income falls within limits set by the IRS. It’s a great way to boost your retirement savings — especially if you’ve already contributed the annual maximum to your 401(k).

Competitive Rates

  • Choose from IRA CDs with terms ranging from 1 to 10 years, or an IRA Savings Account.
  • Select Traditional or Roth IRA CDs.
  • Open your IRA CD* with a minimum of $1,500 or as little as $25 for an IRA Savings Accounts*.
  • Earn interest which accrues daily for maximum earnings.
OPEN AN IRA SAVINGS ACCOUNT

Got Questions?

Get Answers.

A real live person is here to answer your questions about banking through AAA.
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Great rates, zero hassle, and I can bank anywhere. I love it.


Anne B. | Ames, IA
National    
Average**
Term Interest Rate APY* APY*
3 Month 0.75% 0.75% 0.21%
6 Month 1.00% 1.00% 0.39%
9 Month 1.25% 1.25% **%
12 Month 2.65% 2.65% 0.66%
18 Month 2.65% 2.65% ** %
2 Year 2.70% 2.70% 0.84%
30 Month 2.60% 2.60% ** %
3 Year 2.70% 2.70% 0.98%
4 Year 2.70% 2.70% 1.07%
5 Year 2.70% 2.70% 1.26%
IRA Savings+ 0.40% 0.40% ** %

More rates available. Call for details.

Convenience

  • Rollover or transfer from your existing retirement account. It’s easy to switch via online convenience.
  • Use mobile banking to check your balance or make your annual contributions.

Security

  • Funds are FDIC insured for your protection (up to applicable limits).
  • Monitor and protect your credit with ProtectMyID, available for purchase or included with your AAA Membership.

Make AAA your primary bank. Check out our Switch Guide to see how easy it can be to switch.

What is the difference between a rollover and a transfer?

They are both ways to move funds between retirement accounts. The difference is the way the funds are moved.

Rollover

Your money is moved from a qualified retirement account (such as a 401(k)) or another IRA to a new IRA. The funds are disbursed directly to you and must be deposited to the new IRA within 60 days to avoid a tax penalty. Rollover funds do not count as your yearly contribution. You can rollover funds once per year.

Transfer

Your money is moved directly from one IRA to another. Your existing IRA custodian or trustee sends the funds directly to your new IRA custodian or trustee. These funds do not count as your yearly contribution. You can transfer funds from IRA to IRA as often as you wish, as there is no limit on the number of transfers you can make.

FAQs

How much do I need to open this account?
The minimum opening deposit for an IRA CD is $1,500.
The minimum opening deposit for an IRA Savings is $25.

How much interest is calculated on my IRA CD?
The interest for our IRA CDs is earned daily and credited to your account annually and at maturity.

How is interest calculated on my IRA Savings?
The interest for our Savings IRA is earned daily and posted to your IRA quarterly.

SEE ALL IRA FAQS
OPEN AN IRA SAVINGS ACCOUNT
OPEN AN IRA CD

Not sure how to open an account online? We can walk you through it. Just give us a call (855.999.2265) or Chat online with one of our customer service representatives today.

*Annual Percentage Yield (APY) is accurate as of 4/1/2019. Advertised rates are subject to change without notice. IRA Savings Accounts: A $25 minimum opening deposit is required. IRA CD Accounts: Interest rates are fixed until initial maturity after the account is opened. A $1,500 minimum deposit to open the account and obtain the APY is required. A penalty may be imposed for early withdrawal. Fees may reduce earnings on the account. Products are offered by Auto Club Trust, FSB, Equal Credit Opportunity Lender.

** See FDIC Website for National Average. If rate not listed national average is not available.

+ Rate listed based on $40,000 balance and above. Interest paid based on tiered rate.

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