IRAs

Get more out of your hard-earned retirement.

Individual Retirement Accounts are accounts specifically set up to use during retirement. And the sooner you start, the longer your money has to grow.

Brentwood Bank offers a variety of IRA accounts ranging from traditional IRAs, Roth IRAs, Education IRAs, and SEP IRAs. Each have a specific savings purpose in mind.

Traditional IRA

A traditional IRA allows you to build toward your retirement income. The interest is tax deferred. Your contributions may be tax deductible.

Roth IRA

A Roth IRA allows you to build toward your retirement income. Interest grows tax free. Your contribution can’t be deducted from your taxes.

Education IRA

Looking to save money to help fund qualified higher education expenses for your children or grandchildren? You can invest after-tax dollars while your money grows tax free.

SEP IRA

Simplified Employee Pension Plan IRA can be set up by business owners to provide retirement benefits for the business owners and their employees. SEP IRAs offer you and your employees a tax-favored way to save for retirement. You can make contributions for yourself if you’re self-employed or make contributions on behalf of your employees if you are a sole proprietor or partnership.

Schedule an Appointment


Consult your tax advisor regarding any tax implications.

IRA Rates

View All Rates
Certificate of Deposit and IRA
Term

10 Year

Minimum Deposit

$2,000

APY*

2.00%

Term

7 Year

Minimum Deposit

$2,000

APY*

2.00%

Term

5 Year

Minimum Deposit

$2,000

APY*

2.50%

Term

4 Year

Minimum Deposit

$2,000

APY*

2.10%

Term

3 Year

Minimum Deposit

$2,000

APY*

2.00%

Term

30 Month

Minimum Deposit

$2,000

APY*

4.07%

Term

24 Month

Minimum Deposit

$2,000

APY*

2.02%

Term

18 Month

Minimum Deposit

$2,000

APY*

1.60%

Term

12 Month

Minimum Deposit

$2,000

APY*

1.50%

Term

9 Month

Minimum Deposit

$2,000

APY*

4.59%

Term

7 Month^

Minimum Deposit

$10,000

APY*

5.12%

Term

6 Month

Minimum Deposit

$2,000

APY*

3.56%

Term

3 Month

Minimum Deposit

$2,000

APY*

0.10%

Fees may reduce earnings.
* APYs accurate as of 2/12/2024. The minimum required to open this account and receive the APY is $2,000. APY = Annual Percentage Yield. CDs with balance at maturity between $250.00 & $1,999.99 will renew at the comparable PassCard APY; CDs with balance at maturity below $250.00 will renew at 0%. Penalties may be imposed for early withdrawal. 
^ Requires $10,000 in new funds not currently on deposit at Brentwood Bank. 7 month CD rate not available for institutional funds.

Take the next
step with us