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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 (Not available for Roth IRAs)
• 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.

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A substantial 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.