3-year IRA CD
3-year IRA CD
A 3-year IRA CD (certificate of deposit) is a savings instrument held within a tax-advantaged Individual Retirement Account (IRA). The deposit pays a fixed rate of interest and remains in effect for a period of 36 months. Funds cannot be withdrawn earlier than the 36-month expiration date without penalty. IRA CDs are insured by the FDIC for amounts up to $250,000 per depositor.
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