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Premier Money Market & CD IRAs

Part of the ABCs of smart retirement planning.

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Put more gold into your golden years

Retirement starts with good planning today. You might already invest in your employer's 401(k) plan and hold brokerage accounts elsewhere. Or maybe you're just getting started with your career and you want to start your own retirement savings plan. Academy Bank's CD IRA is another ideal option, offering tax-deferred growth at a guaranteed rate over a specific period of time.

All it takes is a $500 deposit to diversify your portfolio and begin your retirement planning.

  • Interest compounds and credits quarterly for investments terms of 12 months or more; shorter terms pay at maturity
  • Interest may be withdrawn when you are 59 ½ or older through transfers to an Academy Bank account or ACH to another bank
  • Interest isn't taxable in the year you receive it; it's deferred so it stays in the CD IRA
  • Consult a tax professional for full details about the CD IRA
To open an account, visit a branch near you.

Certificate of Deposit IRA Yield

Term Minimum Opening Balance Annual Percentage Yield Open now
30 Day $500
91 Day $500
182 Day $500
9 Month $500
12 Month $500
13 Month $500
15 Month $500
18 Month $500
19 Month $500
24 Month $500
30 Month $500
36 Month $500
48 Month $500
60 Month $500

What You Need to Know

  • Minimum balance of $500 required for opening to obtain the disclosed annual percentage yield.
  • There are penalties for withdrawing funds before set term.
    • 7-91 days: 60 days loss of interest
    • 92-182 days: 182 days loss of interest
    • 183-<60 months: 1 year loss of interest
    • 60 months: 2 years loss of interest
  • Fixed rate of interest is earned on the entire balance.

Premier Money Market IRA Rates

Minimum Balance Annual Percentage Yield
$0.01 to $9,999.99 1.50%
$10,000 - $24,999.99 1.70%
$25,000 - $49,999.99 1.90%
$50,000 - $99,999.99 2.20%
$100,000 - $249,999.99 2.50%
4250,000 and up 3.25%

What You Need to Know

  • A minimum deposit of $25 is required to open a premier money market account.
  • Debit cards, ATM cards, or checks are not available because IRS regulations require withdrawals to be properly coded for IRS reporting requirements.
  • A minimum balance fee of $10.00 will be imposed every month or statement period if the balance in the account falls below $1,000 on any day of the month or statement period.
  • You will have view or inquiry only access to Digital Banking. An account statement will be provided monthly. You are limited per the IRS regulation regarding contributions based on age, income, and other factors. Early or premature withdrawals from an IRA may be subject to a 10% early withdrawal tax from the IRS.
  • The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account daily. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks). Interest will be compounded monthly and will be credited to the account monthly.
  • If you use mobile banking to access your account, message and data rates charged by your mobile carrier may apply.
  • Fees charged to Academy Bank Premier Money Market & CD IRA accounts could reduce the earnings on the account. If the account is closed before accrued interest is credited, you will receive the accrued interest.

To open an account, please visit a branch near you.

* APY = Annual Percentage Yield.

A penalty may be imposed for early withdrawal. The Annual Percentage Yield (APY) shown is accurate as of . CD rates are subject to change at any time and are not guaranteed until CD is opened. Fees charged to the account could reduce earnings on the account.

Interest in an IRA CD 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 any early withdrawal penalty.  Additional documentation is required.

FDIC-insured up to the maximum allowed by law