Are you unable to get a retirement plan at work? Then let Prime Alliance Bank help you invest in an Individual Retirement Account. An Individual Retirement Account, or IRA, is an investment account that allows the consumer to benefit from tax-deferred growth on their retirement funds each year. For eligible individuals, you may also be able to deduct your IRA contribution from your taxes.
Prime Alliance Bank offers IRAs in the form of Certificates of Deposit.
| Term (in Months) | Minimum Balance | Rate* | APY* |
|---|---|---|---|
| 6 | $500 | 5.18% | 5.30% |
| 12 | $500 | 5.18% | 5.30% |
| 18 | $500 | 4.65% | 4.75% |
| 24 | $500 | 4.41% | 4.50% |
| 36 | $500 | 4.17% | 4.25% |
| 48 | $500 | 3.93% | 4.00% |
| 60 | $500 | 3.93% | 4.00% |
Do not send confidential information such as Social Security Numbers, Account Numbers, Login Names or Passwords.