Individual Retirement Accounts
MetLife Bank Individual Retirement Accounts (IRAs). Keep moving toward the future you demand.
Competitive interest rates and possible tax advantages make a MetLife Bank Individual Retirement Account (IRA) an excellent way to help plan for a comfortable retirement or for educational needs. MetLife Bank IRA Accounts have no annual maintenance fees and are FDIC insured. (How much FDIC insurance can I get?)
What types of IRAs can I choose from?
- Traditional IRA — Contributions to your traditional IRA may be tax-deductible, and your money grows tax-deferred. You can use traditional IRAs to roll over from other IRAs and certain types of employer-sponsored retirement plans if you have an employment change. You should consult your tax advisor for any potential tax implications before establishing or making contributions to an IRA.
- Roth IRA — Contributions to your Roth IRA are made from your after-tax income. Withdrawals may be considered tax-free if your funds remain in the Roth IRA for five years and you have reached the age of 59-1/2.
- Coverdell Education Savings Account (CESA) — Grow savings for tuition, books and fees, and withdraw your money tax-free with a Coverdell Education Savings Account. Funds can be used for any public, private or religious school that provides elementary or secondary education, as well as colleges and vocational schools.
IRA Money Market Account
| Deposit Amount | APY* (as of 07/26/10) |
|---|---|
| Up to $4,999 | 0.15% |
| $5,000-$9,999 | 0.25% |
| $10,000-$24,999 | 0.45% |
| $25,000+ | 0.60% |
IRA Certificates of Deposit Rates as of: 07- 26- 10
| Term | $2,000 - $14,999 | $15,000 - $24,999 | $25,000 - $49,999 | $50,000 + |
|---|---|---|---|---|
| 3 Months | 0.25% | 0.30% | 0.35% | 0.40% |
| 6 Months | 0.40% | 0.45% | 0.50% | 0.55% |
| 9 Months | 0.50% | 0.55% | 0.60% | 0.65% |
| 12 Months | 0.40% | 0.50% | 0.60% | 0.70% |
| 18 Months | 0.60% | 0.70% | 0.80% | 0.95% |
| 24 Months | 1.05% | 1.30% | 1.45% | 1.45% |
| 36 Months | 1.50% | 1.75% | 1.90% | 1.90% |
| 48 Months | 1.50% | 1.75% | 1.90% | 1.90% |
| 60 Months | 1.50% | 1.75% | 1.90% | 1.90% |
All rates are Annual Percentage Yield (APY*)
- Or call us at 1-866-BankMet (1-866-226-5638) or
- Download an application you can print and return by mail with your initial deposit
- Contact MetLife Bank to apply for a Coverdell Education Savings Account
