Progress Bank provides both Traditional and Roth IRA plans to maximize retirement savings. Certificates of Deposit are our most popular IRA savings option, allowing you to lock in high Annual Percentage Yield rates with deposits for fixed periods of time. We offer terms from 7 days to 60 months with extremely competitive rates and flexible distribution options for tax management and estate planning. Earnings may grow tax-deferred and may be deductible from current income, depending on the plan you choose.
Traditional and Roth Money Market IRAs are great options for accumulating IRA funds before you invest in higher yield term IRA certificates, transfer to another IRA, or as you anticipate mandatory annual IRA distributions. Enjoy flexibility, higher interest rates and the security of your principal. You have immediate access to move your IRA funds into an IRA, CD or other IRA custodian accounts with no bank-imposed withdrawal penalties.
Consult your tax advisor and talk with us about options and details.