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IRAs

About

Some financial goals require longer-term vision. That’s where an IRA account from SkyOne can help sharpen your focus so you can accomplish your long-range plans.

We offer three options to help you plan:

  • Traditional IRA

    Traditional IRAs offer potential tax deductibility. Earnings from your Traditional IRA remain tax-deferred until distributed.

    There are no income limits for contributions on a Traditional IRA; however, depending on your income and tax filing status, your contributions may not be tax deductible.

    The funds you contribute to this type of IRA are considered pre-tax dollars and you will be taxed upon withdrawal of the funds.

    • Learn more about Traditional IRAs
    • Open an IRA
    • Service an existing IRA
    • Ask an IRA specialist

    Learn more about Traditional IRAs

  • Roth IRA

    The Roth IRA is an Individual Retirement Account that offers potentially tax-free earnings.

    It's structured so the assets in the Roth IRA become after-tax assets, which may create tax-free retirement income for you and maybe for your beneficiaries. All transactions within the IRA have no tax impact, and withdrawals are usually tax-free.

    • Learn more about Roth IRAs
    • Open an IRA
    • Service an existing IRA
    • Ask an IRA specialist

    Learn more about Roth IRAs

  • Coverdell Education IRAs

    Education costs can be very expensive, and saving for these expenses at a tax advantage just makes sense. The sooner you begin with a Coverdell Education IRA, the sooner you – and your child or grandchild – will be able to reap the reward of early investing.

    This type of IRA offer the potential of tax-free earnings when the funds are used for educational purposes.

    • Learn more about Coverdell Educational IRAs
    • Open an IRA
    • Service an existing IRA
    • Ask an IRA specialist

    Learn more about Coverdell Education IRAs

Note: Please consult a qualified professional for tax or legal advice.

IRA Certificate Rates

To open an IRA certificate, contact us at 800.421.7111 or visit the IRA Service Center.

Table data for Higher rates to get more bang for your buck!
 
Amount 6 Months 1 Year 2 Years^ 3 Years^ 4 Years^ 5 Years^ Alert Me
$1,000 - $9,999 1.30% APY* 1.90% APY* 2.20% APY* 2.35% APY* 2.50% APY* 2.85% APY* Receive a notification when this rate changes
$10,000 - $99,999 1.35% APY* 1.95% APY* 2.25% APY* 2.40% APY* 2.55% APY* 2.90% APY* Receive a notification when this rate changes
$100,000 + 1.45% APY* 2.05% APY* 2.35% APY* 2.50% APY* 2.65% APY* 3.00% APY* Receive a notification when this rate changes

*APY= Annual Percentage Yield - APY on certificates assumes quarterly compounding. APY is slightly less for terms less than 12 months. A $1,000 minimum balance and minimum amount to open the certificate is required, starting at a six-month term. To earn 3.00% APY*, the Certificate must have a minimum of five years term and a minimum balance of $100,000 or more. Dividend rate will remain the same until end of your term (even if balance exceeds the maximum amount in your current tier level). Rates are effective as of 12-13-2018, and are subject to change. Early withdrawal penalties apply. Early withdrawal penalties apply. In the event of a withdrawal before your certificate term matures: certificates with terms from six months to one year are subject to a penalty equal to a loss of 90 days dividends; certificate terms greater than one year are subject to a penalty equal to a loss of 180 days dividends; dividends will be paid prior to imposing the penalty. Fees may reduce earnings on the account.
 
^If our certificate rates go up any time during the original term of your certificate, you may request a one-time rate bump (increase) for the remainder of the original term by notifying SkyOne. The one-time rate increase only applies to certificates with terms of two years or longer. In the event of a withdrawal before your certificate term matures: certificates with terms from six months to one year are subject to a penalty equal to a loss of 90 days dividends; certificate terms greater than one year are subject to a penalty equal to a loss of 180 days dividends; dividends will be paid prior to imposing the penalty. Terms for certificates will be limited to 60 months.

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