Please enable JavaScript to view the comments powered by Disqus.

Ask Kim

Certificates of Deposit for IRAs

Synchrony Bank tops the list for best yields on one-year IRA CDs.


I have some of my IRA in cash with my brokerage firm. Can I get a higher rate with an IRA CD at a bank without extending the maturity for more than a year? --B.P., Philadelphia

SEE ALSO: 8 Ways to Earn More Interest on Your Savings

Not all online banks offer CDs for IRAs, but the ones that do tend to offer much better rates than cash reserves at brokerage firms -- more than 1% instead of 0.01%, says Greg McBride, of

Synchrony Bank tops the list for one-year IRA CDs, with a 1.10% annual percentage yield for $25,000 or more, or 1.05% for $2,000 to $25,000, says Ken Tumin, of Find rates at and

Got a question? Ask Kim at