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Fixed Rate of Return
Enjoy predictability with your funds and earn higher rates with longer terms.
IRA CD (Certificate of Deposit) & IRA Money Market Accounts
IRAs offer a unique capability of providing a retirement savings as well as a potential tax savings.
View rates in your area
Visit the interest rate center to see rates for this account
Key Features
Variety of Terms & Types
Select the account type and terms that best fit your savings needs.
Tax Deferral
Place your contribution in a tax-deferred retirement account.[1]
Fixed Rate IRA CD: 6 months to 10 years
A Fixed Rate ("Multiple Term") IRA CD offers a fixed rate with FDIC security up to the maximum permitted by law. Fixed Rate IRA CDs can be a wise savings choice for individuals seeking higher returns without risk to principal.
Fixed Rate IRA CDs are available in a variety of terms ranging from 6 months to 10 years, providing the greatest flexibility for meeting your short- and long-term needs.
A Fixed Rate IRA CD provides the convenience of automatic renewal at maturity at the rate and term in effect at that time, unless you instruct otherwise.
Benefits
- FDIC insured[2] to the maximum permitted by law
- Fixed rate for the term of the CD
- Wide variety of terms available to meet your needs
- Automatic renewal
- Potential tax savings
- Supports saving for retirement
Requirements
| Minimum to open | $250 |
| Terms | Range from 6 months to 10 years |
| Withdrawals / Penalties | Early withdrawal penalties apply. |
IRA Money Market: Savings
An IRA Money Market is a tiered variable rate savings product with no specific terms. Additional deposits can be made to the account at any time up to the maximum Contribution Limits each year.
Benefits
- Supports saving for retirement
- FDIC insured[1] to the maximum permitted by law
- Potential tax savings
Requirements
| Minimum to open | $25 |
How to Apply
What You Need to Apply
You can apply for an IRA CD or IRA Money Market in a branch near you »
- Government issued photo ID (Driver's License, US Passport, or a state issued ID)
- Your e-mail address
- Employment information, if applicable
- Existing bank account numbers, if funding your account(s) with an on-line check
- Previous address, if at current address less than two years
- Stamped envelope to mail your signed registration page
You may also want to review our current interest rates and our Consumer Account Agreement before applying.
Important Information About Procedures for Opening a New Account
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each customer that opens an account. What this means for you: when you open an account, we will ask you your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying information.
Important Legal Disclosures and Information
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PNC does not provide legal, tax or accounting advice. You should consult your personal tax advisor for additional information.
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FDIC insured up to the maximum permitted by law
Contributions and tax deductibility are subject to certain age and income limits, your tax filing status and whether you (or your spouse, if applicable) are covered by an employer-sponsored retirement plan. Tax benefits may not apply to balances brought over from existing retirement accounts. PNC does not provide legal, tax or accounting advice. You should consult your personal tax advisor for additional information.
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