3-month, $25,000 IRA CD
3-month, $25,000 IRA CD
A 3-month $25,000 IRA CD (certificate of deposit) is a savings instrument held within a tax-advantaged Individual Retirement Account (IRA). The $25,000 deposit pays a fixed rate of interest and remains in effect for a period of three months. Funds cannot be withdrawn earlier than the three-month expiration date without penalty. IRA CDs are insured by the FDIC for amounts up to $250,000 per depositor.
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