Savings
IRA
How prepared are you for retirement? One key piece in your retirement plan should be an IRA. And Direct Federal offers risk-free IRA products to protect your retirement savings. Choose from a Money Market Account, a 24-Month Variable-Rate CD, or a Fixed-Rate CD.
Whether your're changing jobs or about to retire, there are many life stages to consider. So, what better time than now to rollover your IRA?
Direct Federal makes rolling over your IRA as easy as 1-2-3:
- Call 781.455.6500
- Complete the application. Apply now.
- We'll take it from there
Flexibility With CDs
Whatever type of account you select, you can have peace of mind that it is federally insured to at least $250,000 and backed by the full faith and credit of the United States Government.
24-Month Variable-Rate CD – Minimum deposit of $50
Perfect if you would like to make monthly contributions to your IRA.
Money Market Account – Minimum deposit of $500
Easily scheduled automatic deposits to your IRA with every direct deposit.
Fixed-Rate CD – Minimum deposit of $250
Ideal if you prefer to make your annual IRA contribution all at one time.
24-month Variable-Rate CD effective January 1, 2010 - March 31, 2010
| Minimum to Open | Annual Percentage Yield* (APY) |
|---|---|
| $50.00 | 1.60% |
*The APY changes quarterly and is based on the average of the 24-Month CD for the previous quarter. The APY for all Term Accounts assumes the dividend will remain in the account until maturity. Withdrawal of dividends prior to maturity will reduce earnings. A penalty will be imposed for withdrawal of principal before maturity. Any fees imposed on this account may reduce earnings.
A 24-Month Variable-Rate IRA CD can be converted to a Fixed-Rate IRA CD without an early withdrawal penalty, provided the term of the Fixed-Rate IRA CD is equal to or greater than the term remaining on the 24-Month Variable-Rate IRA CD. You must select a term for the new certificate from those currently offered by us.
Term Certificates - Effective March 20, 2010 - March 26, 2010
| Term | Dividend Rate | Annual Percentage Yield* (APY) |
|---|---|---|
| 3 month | 0.50% | 0.50% |
| 6 month | 0.50% | 0.50% |
| 9 month | 0.75% | 0.75% |
| 12 month | 0.995% | 1.00% |
| 15 month | 0.995% | 1.00% |
| 18 month | 0.995% | 1.00% |
| 24 month | 1.73% | 1.75% |
| 30 month | 1.73% | 1.75% |
| 36 month | 1.93% | 1.95% |
| 48 month | 2.13% | 2.15% |
| 60 month | 2.32% | 2.35% |
* Rates may change at any time without notice. The APY for all Term Accounts assumes the dividends will remail in the account until maturity. Withdrawal of dividends prior to maturity will reduce earnings. A penalty will be imposed for withdrawal of prinicipal before maturity.
Higher rates apply for deposits of $100,000 or greater.
Please give us a call at 781.455.6500 to get the current rate.
Open an IRA today and start saving for tomorrow now.
