View CD IRA Chart
Compare IRAs
| Type of Plan | Time CD for IRA | Marketplus IRA | ||
|---|---|---|---|---|
| Recommended if you want... | A great fixed rate with your choice of terms | An account that rewards you with a higher interest rate for contributing at least $2,000 in a 12-month period | ||
| Minimum Opening Deposit | $1,000 | $100 | ||
| Term | Terms from 6 months to 5 years | 12 months | ||
| Interest Rate | Fixed rate based on the term of the certificate | Variable rate; Compounded daily*; Paid quarterly | ||
| Withdrawals | Substantial IRS penalty for early withdrawal from an IRA; Substantial bank penalty for early withdrawal | Substantial IRS penalty for early withdrawal from an IRA | ||
| Types of IRAs funded | Traditional IRA, Roth IRA, Education IRA | Traditional IRA, Roth IRA | ||
| Unique Features | CDs with opening deposit of more than $100,000 are available with higher rates | Make additional deposits at any time; Higher balances earn higher rates; As soon as you achieve a contribution level of $2,000 during a 12-month period, you earn the highest interest rate for the next 12 months (normally paid to accounts with balances of at least $50,000) |
Call us today at 800-727-4743, or contact your local Nevada State Bank branch Relationship Manager to find out how our Personal Banking Services can benefit you.
*Interest is calculated on the collected balance, which is book balance minus float.
