IRA Certificate of Deposit
Save more, do more with a great 60-month CD IRA rate.
Traditional or Roth?
Choose the account types that best fits your needs.
Tax-Advantaged
Get tax benefits based on the type of IRA you choose.
Bank Anytime, Anywhere
View your IRA accounts anytime online or in the Synchrony Bank app. For assistance, call a Banker.
Choose a great rate. Make it count.
Explore Synchrony Bank IRA CD rates and terms.
View All IRA RatesTerm Length for CD Account
Term Length for IRA CD Account
12 Months
How much will you need?
Keep yourself on track to hit your retirement savings goals using this simple calculator.
If you want to retire at 60, you will need to save about
$3,833 PER MONTH
At age 60, based on a 2% return your current savings will be worth
$82,030
You'll need to save a total of
$1,200,000
*All fields are required.
^Your budget will likely change after you retire.
Read this for more information^When it comes to saving money, where and how you save are important. A Synchrony Bank IRA CD or IRA Money Market Account can help boost your retirement outlook.Read this for more information
^When it comes to saving money, where and how you save are important. A Synchrony Bank IRA CD or IRA Money Market Account can help boost your retirement outlook.Read this for more information
Ready to start saving?
Call 1-866-226-5638 to
Open an Account
Traditional or Roth?
Compare these products. Choose what's right for you. Call 1-866-226-5638 to open an account| Traditional | Roth | |
|---|---|---|
| Tax Implications | Funds are tax-deferred; taxed upon withdrawal. | Funds are taxed before funding; qualified withdrawals are tax-free. |
| Tax Benefits | Earnings grow tax-deferred. | Earnings growth is tax-free. |
| Income Requirements | Your income does not affect yearly contribution amount. | Your income affects yearly contribution amount. |
| Age Restrictions | No restriction. | No restriction. |
| Early Withdrawal Penalties | 59 1/2+ to avoid early withdrawal tax penalty. | 59 1/2+ to avoid early withdrawal tax penalty. |
| Withdraw Taxes | You pay taxes on all amounts withdrawn. | You won't pay taxes upon withdrawal if funds have been in the IRA for 5 years. |
| Required Minimum Distribution (RMDs) | Must begin at 72. | Do not apply. |
Calculate your IRA CD earnings.
See the difference for yourself. Compare our IRA CD rates to your current bank’s rates.
- CD
- HYS
- MMA
Initial Deposit
$
Additional Monthly Deposits
$
Term Length
12 Months
Source: Curinos LLC. curinos.com. Although the information has been obtained from the various institutions themselves, the accuracy cannot be guaranteed. See disclosures below for more information.
Retire with a strategy.
Dreaming of a comfortable retirement? With careful planning, you can make it happen.
See how a Synchrony Bank IRA CD can help you start working toward your goals today.
Looking for other options that earn interest? We’ve got them.
FAQs
Can I transfer my IRA at another financial institution to Synchrony Bank?
Can I roll over funds from my employer-sponsored retirement plan to my Synchrony Bank IRAs?
Can I change the beneficiary (or beneficiaries) on my IRA account?
Are Synchrony Bank deposit accounts FDIC insured?
Be in the know about making your money grow
What Is a Tax Advantaged Account? Types, Benefits & More
Written by Kelly Dilworth
Sep 20, 2023 | 12 minute
The Benefits of an IRA CD as You Approach Retirement
Written by Colin Dodds
Nov 22, 2022 | 6 minute
How to Combat Inflation With the Right Savings Strategy
Written by Sarita Harbour
Jan 17, 2023 | 6 minute
*DISCLOSURES:
ANNUAL PERCENTAGE YIELD (APY): All APYs are accurate as of 3/28/2025.
APYs are subject to change at any time without notice. Offers apply to personal accounts only. Charges for specific services may reduce earnings. For Money Market accounts, the rate may change after the account is opened. For CD accounts, a penalty may be imposed for early withdrawals. After maturity, if your CD rolls over, you will earn the offered rate of interest in effect at that time. IRAs cannot be opened online. See all IRA CD rates and terms offered here. Synchrony Bank does not provide tax advice. Please consult your tax advisor for actual advantages and any potential tax implications before establishing or making contributions to an IRA.
NATIONAL AVERAGE: National Average APYs are based on specific product types of top 50 U.S. banks (ranked by total deposits) provided by Curinos LLC as of 03/03/2025. CD Rates: Average APYs are based on certificate of deposit accounts of $25,000. Curinos data is obtained from public sources; accuracy and completeness is not guaranteed. Curinos is not liable for reliance on the data.
FDIC INSURANCE: up to $250,000 per depositor, per insured bank, for each ownership category.
^The annual rate of return you enter should be the average annual return that you expect from your savings and investments during retirement. The calculation assumes an annual rate of return based on your selection. It is important to remember that these scenarios are hypothetical and that future rates of return can't be predicted with certainty and that investments that pay higher rates of return are generally subject to higher risk and volatility. The actual rate of return on investments can vary widely over time, especially for long-term investments. Depending on the rate of return, you may reach your savings goal sooner or later than this calculation.