IRA Choices
Principal Bank offers the following investment options for your Traditional or Roth IRAs:
Qualified Certificates of Deposit1
A traditional, long-term retirement investment vehicle
- Minimum opening deposit of $2500
- Terms available from 3-72 months
- Change A Rate CD available
- View balance information online
- FDIC insured up to $250,000 per depositor
Money Market IRA
Earn higher yields on higher balances with this account and enjoy easy access to your savings when you're 59½ or older.
- Minimum opening deposit of $1,000
- Additional contributions allowed ($25 minimum)
- Tiered rates for earning interest, so the more you save the more you'll earn
- Checks available for customers over age 59½
- Interest is compounded and credited quarterly
- Six withdrawals allowed per month
- $15 annual fee
- No monthly maintenance/under balance fee
- Annual statements
- FDIC insured up to $250,000 per depositor
For any IRAs, an IRS penalty may be imposed for early withdrawal.
To apply for a Principal Bank Individual Retirement Account, call 1.800.672.3343 or your financial professional.
