Money Market IRA
Our Money Market IRA is an interest earning Money Market Account with the tax advantages of an IRA.
Benefits
- Tiered interest rates – the higher the balance, the higher the rate - view tiered rates
- FDIC insured to the maximum allowable by law
Minimum Deposit to Open
Monthly Service Fee
How to Avoid Monthly Service Fee
- No monthly service fee with a minimum daily balance of $2,000.00
Level One Bank reserves the right to change these accounts at any time. Fees may reduce earnings on the account. 1Simple interest is the interest paid with respect to each period of time and does not compound. Please consult with a tax professional for guidance regarding contributions and distributions to your Traditional or Roth IRA's. Contribution limits may apply. You must be under the age of 70 1 to enroll in a Traditional or Roth IRA. Contributions to a Traditional IRA may be tax free. To contribute to a Roth IRA, you or your spouse must have earned income, and your modified adjusted gross income (MAGI) may not exceed certain limits. Distributions (withdrawals) may be subject to additional tax penalties. This account is limited to six preauthorized, telephone, fax or on-line withdrawals per calendar month. Other transaction costs may apply. Fees are subject to change. Standard FDIC rules apply.