Individual Retirement Accounts (IRAs)

Individual Retirement Accounts offer competitive interest rates and potential tax advantages to help you plan for your retirement expenses. We offer FDIC-insured CDs and Money Market Savings Accounts as both Traditional and Roth IRAs.

Our IRA CD and IRA Money Market Savings Account provide steady, low-growth risk with all the tax advantages of an IRA.


IRA CDs offer the security and predictability of a Certificate of Deposit plus the tax benefits of an Individual Retirement Account. A safe, secure place for your cash reserves at a fixed rate for a fixed period of time, IRA CDs are backed by federal deposit insurance up to specified limits.


  • Minimum opening deposit $1,000
  • Available maturities1: 30 days, 90 days, 182 days, one year, 18 months, two years, three years, four years, and five years
  • Competitive, tiered interest rates2
  • Automatic renewal at maturity with 10-day grace period
  • Start making IRS penalty-free withdrawals (upon CD maturity) at age 59½.3
  • FDIC insured7 up to specified limits

IRA Money Market Savings Account

The IRA Money Market Savings Account combines the tax advantages of an IRA, the safety and security of a steady interest rate and FDIC insurance, and the flexibility and liquidity of a savings account. And with our highly competitive, tiered interest rates, you earn more as your balance grows.


  • Make eligible contributions4 and withdrawals at your convenience per IRS guidelines
  • Accounts open upon receipt of funds
  • No monthly maintenance fees5
  • Competitive, tiered rates6 allow you to earn more with higher balances
  • View your account with OnCommand online banking
  • Convenient digital eStatements
  • FDIC insured7 up to specified limits

If you have questions about whether an IRA CD or IRA Money Market Savings Account is right for you, or if you are interested in an investment IRA, please contact your First Command Financial Advisor.

See our IRA Money Market Account FAQs

View our current rates and fees.

1 CDs are subject to early withdrawal penalties

2 Interest paid monthly

3 IRA withdrawals made prior to age 59½ may be subject to a 10% IRS tax penalty, see to learn more. Withdrawals prior to CD maturity subject to early withdrawal bank penalty equal to one month or three months interest, depending on term of CD. You may pay income tax on withdrawals, including contributions that were tax deductible. The information in this document does not constitute tax advice. Please consult with your tax advisor for specific information about your tax situation.

4 Amount deposited annually limited to eligible IRA contribution amounts. to learn more.

5 Federal regulations allow a maximum of six withdrawal/transfer transactions per statement cycle. Excess withdrawal fee is $10.00 for each withdrawal exceeding six.

6 Interest credited and compounded monthly. Increasing interest tiers with minimum balances of $1 / $2,500 / $10,000 / $25,000 / $50,000 / $100,000

7 For more information about FDIC coverage limits and requirements, visit