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Business IRA

Simple retirement for employers and the self-employed.

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Just about set-and-forget retirement.

Easy enough for time-strapped small businesses and the self-employed, our simplified employee pension (aka SEP) IRA is as close as you’re going to get to a friction-free retirement plan to offer employees or yourself.

  • Easy to maintain
  • Tax-deferred earnings
  • Tax-deductible employer contributions
  • Less paperwork than many small biz retirement plans





















































Terms and rates for our SEP IRA

If no rates are displaying, please enter your zip code in the input field at the top of the page to populate
Term Minimum Opening Balance Annual Percentage Yield
91 Day $500
1.26
182 Day $500
1.40
9 Month $500
4.25
12 Month $500
4.05
13 Month $500
4.16
15 Month $500
2.78
18 Month $500
2.78
19 Month $500
2.78
24 Month $500
4.58
30 Month $500
2.52
36 Month $500
2.52
48 Month $500
2.52
60 Month $500
2.52

Here are a few things you may find helpful.

Early withdrawal penalties - The amount of early withdrawal penalty depends on the length of the account term:

  • 7 - 91 days 60 days loss of interest
  • 92 - 182 days 182 days loss of interest
  • 183 days <60 Months. 1 year loss of interest
  • 60 Months 2 years loss of interest
New penalty would apply to new CDs/IRAs opened or renewed after September 1, 2015.









































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The still legible fine print.
A penalty may be imposed for early withdrawal. The Annual Percentage Yield (APY) shown is accurate as of 07/05/23. The interest rate is subject to change daily. Fees charged to the account could reduce earnings on the account.
 
A penalty may be imposed for early withdrawal. The Annual Percentage Yield (APY) shown is accurate as of 08/11/23. The interest rate is subject to change daily.
 
For Certificates issued for Individual Retirement Accounts (IRA) or Education Savings Account (ESA), the interest is compounded and credited quarterly for investment terms 12-months or longer, shorter term pays at maturity. Interest may be withdrawn by IRA holders 59 1/2 or older by transfer to an internal account or ACH to another bank, monthly, quarterly, semi-annual or annually. Interest may be withdrawn by check semi-annually, annually or at maturity, whichever comes first. Retirement Distributions from any Individual Retirement Account may begin upon permanent disability or death without incurring an early withdrawal penalty. Additional documentation is required.