Forbright Retirement Accounts give you the opportunity to support a brighter, greener, and more sustainable future.
Forbright offers Individual Retirement Accounts (IRAs) including an IRA Certificate of Deposit Account and an IRA Savings Account for those saving for their retirement years. Visit one of our branch locations to open an account.
|IRA Certificate of Deposit (CD)*||IRA Savings*|
|Terms||3 – 60 months||No–|
|Earns Interest 1|
|Minimum Balance Required to Open||$1,000||$1,000|
|Withdrawal Limitations||Early withdrawal penalties|
|Automatic Renewal 2|| ||No–|
*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. View Current Rates.
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.