Traditional IRA

Traditional IRA

Get Started

Open Account Open AccountView Rates Contact Us Contact Us online

Do you have a plan for a financially fit retirement? An easy way to save, especially for those without access to a company-sponsored program like a 401(k), is an Individual Retirement Account (IRA). Traditional IRAs allow you to make tax-deferred investments to provide financial security when you retire. Whether retirement is still a few years away or something you’re ready for today, our experienced and trusted team of financial advisors can help you choose the best products and services to give you peace of mind knowing that you’re going to be financially stable when you retire.

Features:

  • Contributions can be made regardless of age, assuming you have earned income
  • Earned income at least equal to IRA contribution; no income ceiling*
  • Distributions must begin at age 73; remainder at death can pass to heirs
  • Contributions potentially tax-deferred
  • Earnings grow tax-deferred
  • Distributions taxable
  • Max. Annual Contributions $7,000; $8,000 for worker age 50 or older
  • Withdrawals before 59 ½, 10% penalty may apply in addition to taxes
Effective Date: Thursday November 21, 2024
$1,000 Minimum to OpenReliance CheckingReliance CheckingRelationship CheckingRelationship CheckingPlatinum & Performance CheckingPlatinum & Performance Checking
TermRateAPYRateAPYRateAPY
3 Months
$1,000 – $24,9990.650%0.65%0.700%0.70%0.750%0.75%
$25,000 – $99,9990.950%0.95%1.000%1.00%1.050%1.05%
$100,000 – $499,9991.050%1.05%1.100%1.10%1.150%1.15%
$500,000 or more1.150%1.15%1.200%1.20%1.250%1.25%
6 Months
$1,000 – $24,9990.847%0.85%0.897%0.90%0.947%0.95%
$25,000 – $99,9990.947%0.95%0.996%1.00%1.046%1.05%
$100,000 – $499,9991.046%1.05%1.095%1.10%1.145%1.15%
$500,000 or more1.145%1.15%1.195%1.20%1.244%1.25%
9 Months
$1,000 – $24,9990.947%0.95%0.996%1.00%1.046%1.05%
$25,000 – $99,9990.947%0.95%0.996%1.00%1.046%1.05%
$100,000 – $499,9991.046%1.05%1.095%1.10%1.145%1.15%
$500,000 or more1.145%1.15%1.195%1.20%1.244%1.25%
12 Months
$1,000 – $24,9990.947%0.95%0.996%1.00%1.046%1.05%
$25,000 – $99,9991.046%1.05%1.095%1.10%1.145%1.15%
$100,000 – $499,9991.145%1.15%1.195%1.20%1.244%1.25%
$500,000 or more1.244%1.25%1.294%1.30%1.343%1.35%
18 Months
$1,000 – $24,9990.947%0.95%0.996%1.00%1.046%1.05%
$25,000 – $99,9991.046%1.05%1.095%1.10%1.145%1.15%
$100,000 – $499,9991.145%1.15%1.195%1.20%1.244%1.25%
$500,000 or more1.244%1.25%1.294%1.30%1.343%1.35%
24 Months
$1,000 – $24,9990.947%0.95%0.996%1.00%1.046%1.05%
$25,000 – $99,9991.046%1.05%1.095%1.10%1.145%1.15%
$100,000 – $499,9991.145%1.15%1.195%1.20%1.244%1.25%
$500,000 or more1.244%1.25%1.294%1.30%1.343%1.35%
30 Months
$1,000 – $24,9991.046%1.05%1.095%1.10%1.145%1.15%
$25,000 – $99,9991.145%1.15%1.195%1.20%1.244%1.25%
$100,000 – $499,9991.244%1.25%1.294%1.30%1.343%1.35%
$500,000 or more1.343%1.35%1.393%1.40%1.442%1.45%
36 Months
$1,000 – $24,9991.046%1.05%1.095%1.10%1.145%1.15%
$25,000 – $99,9991.145%1.15%1.195%1.20%1.244%1.25%
$100,000 – $499,9991.244%1.25%1.294%1.30%1.343%1.35%
$500,000 or more1.343%1.35%1.393%1.40%1.442%1.45%
48 Months
$1,000 – $24,9991.095%1.10%1.145%1.15%1.195%1.20%
$25,000 – $99,9991.195%1.20%1.244%1.25%1.294%1.30%
$100,000 – $499,9991.294%1.30%1.343%1.35%1.393%1.40%
$500,000 or more1.393%1.40%1.442%1.45%1.492%1.50%
60 Months
$1,000 – $24,9991.095%1.10%1.145%1.15%1.195%1.20%
$25,000 – $99,9991.195%1.20%1.244%1.25%1.294%1.30%
$100,000 – $499,9991.294%1.30%1.343%1.35%1.393%1.40%
$500,000 or more1.393%1.40%1.442%1.45%1.492%1.50%
84 Months
$1,000 – $24,9991.294%1.30%1.343%1.35%1.393%1.40%
$25,000 – $99,9991.393%1.40%1.442%1.45%1.492%1.50%
$100,000 – $499,9991.442%1.45%1.492%1.50%1.541%1.55%
$500,000 or more1.541%1.55%1.590%1.60%1.640%1.65%
120 Months
$1,000 – $24,9991.294%1.30%1.343%1.35%1.393%1.40%
$25,000 – $99,9991.393%1.40%1.442%1.45%1.492%1.50%
$100,000 – $499,9991.442%1.45%1.492%1.50%1.541%1.55%
$500,000 or more1.541%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.

Resource Center

Fidelity Bank offers a variety of convenient resources and tools. Educational articles, Frequently Asked Questions, Instructional Videos and more are at your fingertips.

Security Center Image

Security Center
FAQs icon

FAQs
Videos Icon

Videos
Educational Articles

Educational Articles
Calculators icon

Calculators

Trust & Fiduciary Services

Learn More about Trust & Fiduciary Services

Reliance Checking

Learn More about Reliance Checking