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A Roth IRA is an individual retirement account to which you contribute after-tax dollars. While there are no current-year tax benefits, your contributions and earnings can grow tax-free, and you can withdraw them tax and penalty-free after age 59½ and once the account has been open for five years.
Features of a Roth IRA include:
- No Age Limit
- Earned income at least equal to IRA contribution; income ceiling depends on filing status*
- No distribution requirements; entire account can pass to heirs
- Contributions are not tax-deductible
- Earnings grow tax-deferred
- Qualified distributions are tax-free
- Max. Annual Contributions $6,000; $7,000 for workers age 50 and older
| $1,000 Minimum to Open | Reliance Checking | Reliance Checking | Relationship Checking | Relationship Checking | Platinum & Performance Checking | Platinum & Performance Checking |
|---|---|---|---|---|---|---|
| Term | Rate | APY | Rate | APY | Rate | APY |
| 3 Months | ||||||
| $1,000 – $24,999 | 0.650% | 0.65% | 0.700% | 0.70% | 0.750% | 0.75% |
| $25,000 – $99,999 | 0.950% | 0.95% | 1.000% | 1.00% | 1.050% | 1.05% |
| $100,000 – $499,999 | 1.050% | 1.05% | 1.100% | 1.10% | 1.150% | 1.15% |
| $500,000 or more | 1.150% | 1.15% | 1.200% | 1.20% | 1.250% | 1.25% |
| 6 Months | ||||||
| $1,000 – $24,999 | 0.847% | 0.85% | 0.897% | 0.90% | 0.947% | 0.95% |
| $25,000 – $99,999 | 0.947% | 0.95% | 0.996% | 1.00% | 1.046% | 1.05% |
| $100,000 – $499,999 | 1.046% | 1.05% | 1.095% | 1.10% | 1.145% | 1.15% |
| $500,000 or more | 1.145% | 1.15% | 1.195% | 1.20% | 1.244% | 1.25% |
| 9 Months | ||||||
| $1,000 – $24,999 | 0.947% | 0.95% | 0.996% | 1.00% | 1.046% | 1.05% |
| $25,000 – $99,999 | 0.947% | 0.95% | 0.996% | 1.00% | 1.046% | 1.05% |
| $100,000 – $499,999 | 1.046% | 1.05% | 1.095% | 1.10% | 1.145% | 1.15% |
| $500,000 or more | 1.145% | 1.15% | 1.195% | 1.20% | 1.244% | 1.25% |
| 12 Months | ||||||
| $1,000 – $24,999 | 0.947% | 0.95% | 0.996% | 1.00% | 1.046% | 1.05% |
| $25,000 – $99,999 | 1.046% | 1.05% | 1.095% | 1.10% | 1.145% | 1.15% |
| $100,000 – $499,999 | 1.145% | 1.15% | 1.195% | 1.20% | 1.244% | 1.25% |
| $500,000 or more | 1.244% | 1.25% | 1.294% | 1.30% | 1.343% | 1.35% |
| 18 Months | ||||||
| $1,000 – $24,999 | 0.947% | 0.95% | 0.996% | 1.00% | 1.046% | 1.05% |
| $25,000 – $99,999 | 1.046% | 1.05% | 1.095% | 1.10% | 1.145% | 1.15% |
| $100,000 – $499,999 | 1.145% | 1.15% | 1.195% | 1.20% | 1.244% | 1.25% |
| $500,000 or more | 1.244% | 1.25% | 1.294% | 1.30% | 1.343% | 1.35% |
| 24 Months | ||||||
| $1,000 – $24,999 | 0.947% | 0.95% | 0.996% | 1.00% | 1.046% | 1.05% |
| $25,000 – $99,999 | 1.046% | 1.05% | 1.095% | 1.10% | 1.145% | 1.15% |
| $100,000 – $499,999 | 1.145% | 1.15% | 1.195% | 1.20% | 1.244% | 1.25% |
| $500,000 or more | 1.244% | 1.25% | 1.294% | 1.30% | 1.343% | 1.35% |
| 30 Months | ||||||
| $1,000 – $24,999 | 1.046% | 1.05% | 1.095% | 1.10% | 1.145% | 1.15% |
| $25,000 – $99,999 | 1.145% | 1.15% | 1.195% | 1.20% | 1.244% | 1.25% |
| $100,000 – $499,999 | 1.244% | 1.25% | 1.294% | 1.30% | 1.343% | 1.35% |
| $500,000 or more | 1.343% | 1.35% | 1.393% | 1.40% | 1.442% | 1.45% |
| 36 Months | ||||||
| $1,000 – $24,999 | 1.046% | 1.05% | 1.095% | 1.10% | 1.145% | 1.15% |
| $25,000 – $99,999 | 1.145% | 1.15% | 1.195% | 1.20% | 1.244% | 1.25% |
| $100,000 – $499,999 | 1.244% | 1.25% | 1.294% | 1.30% | 1.343% | 1.35% |
| $500,000 or more | 1.343% | 1.35% | 1.393% | 1.40% | 1.442% | 1.45% |
| 48 Months | ||||||
| $1,000 – $24,999 | 1.095% | 1.10% | 1.145% | 1.15% | 1.195% | 1.20% |
| $25,000 – $99,999 | 1.195% | 1.20% | 1.244% | 1.25% | 1.294% | 1.30% |
| $100,000 – $499,999 | 1.294% | 1.30% | 1.343% | 1.35% | 1.393% | 1.40% |
| $500,000 or more | 1.393% | 1.40% | 1.442% | 1.45% | 1.492% | 1.50% |
| 60 Months | ||||||
| $1,000 – $24,999 | 1.095% | 1.10% | 1.145% | 1.15% | 1.195% | 1.20% |
| $25,000 – $99,999 | 1.195% | 1.20% | 1.244% | 1.25% | 1.294% | 1.30% |
| $100,000 – $499,999 | 1.294% | 1.30% | 1.343% | 1.35% | 1.393% | 1.40% |
| $500,000 or more | 1.393% | 1.40% | 1.442% | 1.45% | 1.492% | 1.50% |
| 84 Months | ||||||
| $1,000 – $24,999 | 1.294% | 1.30% | 1.343% | 1.35% | 1.393% | 1.40% |
| $25,000 – $99,999 | 1.393% | 1.40% | 1.442% | 1.45% | 1.492% | 1.50% |
| $100,000 – $499,999 | 1.442% | 1.45% | 1.492% | 1.50% | 1.541% | 1.55% |
| $500,000 or more | 1.541% | 1.55% | 1.590% | 1.60% | 1.640% | 1.65% |
| 120 Months | ||||||
| $1,000 – $24,999 | 1.294% | 1.30% | 1.343% | 1.35% | 1.393% | 1.40% |
| $25,000 – $99,999 | 1.393% | 1.40% | 1.442% | 1.45% | 1.492% | 1.50% |
| $100,000 – $499,999 | 1.442% | 1.45% | 1.492% | 1.50% | 1.541% | 1.55% |
| $500,000 or more | 1.541% | 1.55% | 1.590% | 1.60% | 1.640% | 1.65% |
2 All CDs are auto-renewable; penalty may be imposed for early withdrawal.
Need help?
For more information or questions, please contact us by phone at 1-800-388-4380 or email us at Fidelity@fddbank.com.
* If you participate in an employer-sponsored retirement plan, tax deferment of contributions to a Traditional IRA depends on your Modified Adjusted Gross Income (MAGI) and your tax-filing status.
For Modified Adjusted Gross Income (MAGI) Limits for Roth IRAs contact your Financial Advisor.
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