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IRA Certificates of Deposit (CDs)1

Open an IRA CD with as little as $1,000 and you'll be on your way to safe,
secure savings. You can count on the confidence that comes with knowing
your deposits are FDIC-insured.3


Features

  • Competitive fixed interest rates2 and annual percentage yields
  • Interest compounded daily and paid at maturity on 3-, 6- and 9-month CDs
  • Interest compounded daily and paid quarterly on CDs of one year or longer
  • Higher interest rates on balances of $5,000 and $100,000
  • Available as Traditional, ROTH or SEP IRA
  • Comprehensive selection of deposit terms
  • $1,000 minimum opening deposit4
  • Your IRA contribution may be tax deductible, consult your tax advisor
CD terms Other features Account terms
& other fees

CD terms

Other features

Account terms & other fees

Find your CD rate

Minimum Balance To Obtain APY* Interest Rate(%) APY(%)*
$1,0002
$5,0002
$100,0002

These terms are effective and subject to change without notice.

Definitions of capitalized terms.

  1. NOTE: Penalty for early CD withdrawal.
  2. Any renewing CD with a balance less than $1,000 will automatically renew for the same term with an interest rate and APY equal to the lowest prevailing Statement Savings rate. For the current Statement Savings rate, click here.
  3. 1 and 2 month CDs are Jumbo CDs, are not available to be opened online, and are not available for IRA accounts. To open a 1 or 2 month Jumbo CD, please visit a BMO Harris location. Any renewing 1 or 2 month Jumbo CD with a balance of less then $100,000 will renew with an interest rate and APY equal to the lowest prevailing Statement Savings rate. For the current Statement Savings rate, click here

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Call us
1-888-340-2265

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These terms are effective and subject to change without notice.

Definitions of capitalized terms (Opens in a new window)

  1. Visit www.irs.gov for IRA Plan rules, eligibility requirements, and contribution limits. Consult your tax advisor.Back
  2. Click here for information about Interest Rates and Calculations on deposit accounts.Back
  3. Please visit www.fdic.gov for current FDIC insurance limits.Back
  4. Additional deposits to an existing account: Each CD is treated as a separate account with its own interest rate and maturity. You cannot make additional deposits into an existing CD.Back
  5. Maturity, renewal and grace period: UNLESS YOU HAVE INSTRUCTED US OR WE HAVE DISCLOSED TO YOU OTHERWISE, YOUR CD WILL AUTOMATICALLY RENEW AT THE MATURITY DATE TO ANOTHER CD OF AN EQUAL TERM AT THE THEN CURRENT INTEREST RATE FOR THAT TERM AND CURRENT BALANCE. You will have a grace period of ten calendar days after the maturity date to withdraw the funds without being charged an early withdrawal penalty. Accounts that do not automatically renew will not earn interest after the maturity date. CDs of $100,000 or more may not automatically renew.Back
  6. Early withdrawal penalty and computation method: When you make a deposit to any of our CD products, you are agreeing to keep the funds on deposit until the stated maturity. We reserve the right to permit withdrawals of principal only upon maturity. If we permit you to make an early withdrawal of principal, you will pay an early withdrawal penalty. The penalty is calculated using the interest rate applicable to the CD at the time of early withdrawal. If the amount of the penalty exceeds the amount of accrued and unpaid interest, then a reduction of principal would be required in order to pay the penalty. These penalties do not apply to Qualified IRA Distributions. The penalties are as follows:
    CD Term
    1 month (7 – 59 days)
    2 months – 11 months (60 days – up to and including 364 days)
    12 – 23 months
    24 – 35 months
    36 – 47 months
    48 months or longer
    Short Term CD Special (2 – 11 months)
    Long Term CD Special (12 months or longer)
    Interest Penalty
    You will be charged all interest earned
    You will be charged 90 days interest
    You will be charged 180 days interest
    You will be charged 270 days interest
    You will be charged 365 days interest
    You will be charged 545 days interest
    You will be charged 180 days interest
    You will be charged 365 days interest

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