IRA Rate
Why are IRA specials a lower rate compared to regular Certificates?
- IRAs are a much more labor intensive account for GreenState to process.
- IRAs require more paperwork including for:
- opening new accounts
- withdrawing from accounts
- deposits
- Transfers to and from other FI
- IRAs have increased tax reporting requirements including:
- IRAs have mandatory annual reporting:
- RMD notices
- 5498 mailings