Individual Retirement Accounts (IRAs)
Individual Retirement Accounts (IRAs) are one of the smartest ways to save for your retirement. Tax advantages and great interest rates help you build your funds.
You can contribute to a Broadway Bank IRA even if you already have an employer-sponsored retirement plan. Plus, Broadway Bank IRAs have no annual fee and are separately insured by the FDIC.
Money Market IRA
- Earns money market rates based on market conditions
- Allows multiple contributions
- A minimum of $2,000 is required as an
opening deposit
Fixed-Rate IRA
- Open with just $1,000
- Lock in a fixed interest rate, with terms ranging from six months to five years
- Additional deposits are accepted at maturity
Variable-Rate IRA
- Open with just $100
- Earn a variable rate of interest over a fixed term
ranging from 18 months to 23 months
(rates can change at any time)
- Additional deposits are accepted
