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 3-60 months
- View balance information online
- FDIC insured up to $250,000 per depositor
Assured Savings
A safe, tax deferred home for your retirement funds
- Minimum opening deposit of $2502
- Additional contributions may be made to this account
- View balance information online
- FDIC insured up to $250,000 per depositor
High Yield IRA
A savings account that allows you to earn higher yields on higher balances:
- Minimum opening deposit of $25,0002
- Interest compounded and credited quarterly
- FDIC insured up to $250,000 per depositor
- $15 monthly maintenance fee if balance falls below $25,000
Note: Due to individual tax circumstances, we offer an IRA application for you to print out and mail in that helps walk you through the steps and forms necessary for your specific IRA situation. IRAs cannot be opened through the online application at this time.
For any IRAs, an IRS penalty may be imposed for early withdrawal.
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- An early transfer fee of $250 will be assessed if any funds are transferred within 90 days of account opening.
