3-month, $50,000 IRA CD
3-month, $50,000 IRA CD
A 3-month $50,000 IRA CD (certificate of deposit) is a savings instrument held within a tax-advantaged Individual Retirement Account (IRA). The $50,000 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 Funds cannot be withdrawn earlier than the three-month expiration date without penalty.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.
5.90
