Think of an IRA as a container for your retirement savings. You can fill that container with just about any investment — stocks, bonds, ETFs, mutual funds and CDs. If you make regular contributions to it, your investment has the potential to grow your financial future. And because an IRA has some potential tax advantages, it is one of the most popular ways to save for retirement.
Minimum opening deposit: £1,000 - Balance Tiers and APY
Term | £0 - £4,999 | £5,000 - £9,999 | £10,000 - £24,999 | £25,000 - £49,999 | £50,000 - £99,999 | £100,000 or more |
---|---|---|---|---|---|---|
3 - 5 months | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
6 - 11 months | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
12 - 23 months | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% |
24 - 35 months | 0.15% | 0.15% | 0.15% | 0.15% | 0.15% | 0.15% |
36 - 47 months | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% |
48 - 60 months | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% |