Investment options that allow you to plan for your future without sacrificing your values.

Whatever stage you’re at in your investment planning, Forbright has a variety of Individual Retirement Account (IRA) options to help you achieve your retirement goals.

IRA Certificate of Deposit (CD) IRA Savings Account
Terms12-60 Months
Earns Interest 1
Minimum Balance Required to Open & Maintain APY$1,000$1,000
Withdrawal LimitationsEarly withdrawal penalties may applyEarly withdrawal penalties may apply
Bill Pay with Online Banking
E-Statements Available
Automatic Renewal 2

Additional restrictions apply. Individual retirement accounts are subject to limitations and/or penalties imposed by the Internal Revenue Service. Please see your tax advisor for additional information
1 Interest is calculated daily and credited monthly.
2 Ten (10) calendar day grace period. Each renewal term will be the same as the original term, beginning on the maturity date. The interest rate at the time of renewal will be the rate offered for a new IRA CD product.
Additional fees may apply. Please refer to the Fee Schedule for more information.

Individual Retirement Accounts (IRA) Rates
Accurate as of January 25, 2024
Interest RateAPY*Minimum Opening Deposit Minimum Balance to Obtain APY
12-17 Month3.687%3.75%$1,000$1,000
18-23 Month3.684%3.75%$1,000$1,000
24-29 Month3.779%3.85%$1,000$1,000
30-35 Month3.778%3.85%$1,000$1,000
36-47 Month3.392%3.45%$1,000$1,000
48-59 Month3.392%3.45%$1,000$1,000
60 Month3.489%3.55%$1,000$1,000
IRA Savings Account0.300%0.30%$1,000$1,000

*Annual Percentage Yield
Rates and APYs are subject to change at any time. Fees assessed to account may reduce the earnings. The disclosed rates on variable accounts (i.e. Checking, Savings, and Money Market) may change after account opening.

Start planning for tomorrow today.

Visit one of our local Forbright branches to open an account.

Retirement Financial Calculators

View more resources
How Much Do I Need in Savings to Fund My Retirement?
Photo of a senior couple, a black man and woman, smiling at each other and working in front of a laptop computer
Forbright Logo


Apr 21, 2023

How Much Do I Need in Savings to Fund My Retirement?

Use this calculator to find out how much money you’ll need in your savings account to make recurring withdrawals of a specified amount.

Learn More
How Much Will My Roth IRA Be Worth at Retirement?
Two hands use pens to point to spots of a page of financial information.
Forbright Logo


Mar 22, 2022

How Much Will My Roth IRA Be Worth at Retirement?

Use this calculator to compute the amount you can save in a Roth IRA. A Roth IRA allows you to pay taxes on your income now, but withdraw the funds tax-free in retirement.

Learn More
How Much Will My Traditional IRA Be Worth at Retirement?
Photo of senior couple, a white man and woman, walking on a beach with their arms around each other smiling towards each other
Forbright Logo


Mar 06, 2022

How Much Will My Traditional IRA Be Worth at Retirement?

Calculate how much  you can save with a tax-deferred Traditional IRA. Contributions to your Traditional IRA are usually tax deductible now, but you pay taxes when you withdraw the funds in retirement.

Learn More

Additional Products

Certificates of Deposit

Easy Signup. High-Yield. FDIC Insured.

Checking and Money Market

A checking account that works for you, on your terms.


You save for your future. We invest in a brighter future.