- Open with as little as $100
- No annual maintenance fee
- Earn dividends monthly
- Enjoy the stability of a fixed rate of return
- Taxes are deferred* until you make a withdrawal, allowing dividends to grow faster
- You may be eligible to deduct* some or all contributions to your IRA on your tax return
- Your funds are federally insured, separate from your other Arrowhead accounts, to at least $250,000
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Rates & Fees
| IRA (Traditional or Roth) | |
| Effective Date: November 20, 2024 | |
| Dividend paid when average daily balance for the month is: | |
| Avg. Daily Bal | APY* |
| $100 and above | 0.35% |
| IRA (Traditional or Roth) Fees | |
| Fee | |
| Annual Maintenance Fee | $0 |
* Annual Percentage Yields (APY). Terms and conditions available at a branch.
FAQ & Links
Why is a Traditional IRA different than a Roth IRA?
The main difference is in the possible tax treatment. Funds you contribute to a Traditional IRA may be tax deductible, and you do not pay taxes until you begin to withdraw money during retirement. With a Roth IRA, your contributions are not tax deductible, and your earnings are not taxed. There are income restrictions and other differences, always consult a tax professional to see what is possible for your specific situation.
When can I withdraw money from my Traditional IRA?
With a Traditional IRA, you can withdraw at anytime, but will pay a 10% penalty plus income taxes if you make a withdrawal before age 59 ½ or older.
What is the maximum per year I can contribute to my IRA?
There are several factors that play into your specific contribution limit, and it can change from year to year. We recommend you consult a tax professional or the IRS website for the most current information.
The information provided by these calculators is for illustrative purposes only. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results. The calculated results are intended for illustrative purposes only and accuracy is not guaranteed.
* Annual Percentage Yields (APY). Terms and conditions available at a branch.