A Roth IRA is an individual retirement account to which you contribute after-tax dollars. While there are no current-year tax benefits, your contributions and earnings can grow tax-free, and you can withdraw them tax and penalty-free after age 59½ and once the account has been open for five years.

Features of a Roth IRA include:

  • No Age Limit
  • Earned income at least equal to IRA contribution; income ceiling depends on filing status*
  • No distribution requirements; entire account can pass to heirs
  • Contributions are not tax-deductible
  • Earnings grow tax-deferred
  • Qualified distributions are tax-free
  • Max. Annual Contributions $6,000; $7,000 for workers age 50 and older
Effective Date: Sunday November 27, 2022
$1,000 Minimum to OpenReliance CheckingReliance CheckingRelationship CheckingRelationship CheckingPlatinum & Performance CheckingPlatinum & Performance Checking
TermAPYRateAPYRateAPYRate
3 Months
$1,000 – $24,9990.55%0.550%0.65%0.650%0.75%0.750%
$25,000 – $99,9990.65%0.650%0.75%0.750%0.85%0.850%
$100,000 – $499,9990.75%0.750%0.85%0.850%0.95%0.950%
$500,000 or more0.85%0.850%0.95%0.950%1.05%1.050%
6 Months
$1,000 – $24,9990.55%0.549%0.65%0.648%0.75%0.748%
$25,000 – $99,9990.65%0.648%0.75%0.748%0.85%0.847%
$100,000 – $499,9990.75%0.748%0.85%0.847%0.95%0.947%
$500,000 or more0.85%0.847%0.95%0.947%1.05%1.046%
9 Months
$1,000 – $24,9990.65%0.648%0.65%0.648%0.75%0.748%
$25,000 – $99,9990.65%0.648%0.75%0.748%0.85%0.847%
$100,000 – $499,9990.75%0.748%0.85%0.847%0.95%0.947%
$500,000 or more0.85%0.847%0.95%0.947%1.05%1.046%
12 Months
$1,000 – $24,9990.65%0.648%0.75%0.748%0.85%0.847%
$25,000 – $99,9990.75%0.748%0.85%0.847%0.95%0.947%
$100,000 – $499,9990.85%0.847%0.95%0.947%1.05%1.046%
$500,000 or more0.95%0.947%1.05%1.046%1.15%1.145%
18 Months
$1,000 – $24,9990.65%0.648%0.75%0.748%0.85%0.847%
$25,000 – $99,9990.75%0.748%0.85%0.847%0.95%0.947%
$100,000 – $499,9990.85%0.847%0.95%0.947%1.05%1.046%
$500,000 or more0.95%0.947%1.05%1.046%1.15%1.145%
24 Months
$1,000 – $24,9990.65%0.648%0.75%0.748%0.85%0.847%
$25,000 – $99,9990.75%0.748%0.85%0.847%0.95%0.947%
$100,000 – $499,9990.85%0.847%1.00%0.947%1.05%1.046%
$500,000 or more0.95%0.947%1.05%1.046%1.15%1.145%
30 Months
$1,000 – $24,9990.75%0.748%0.85%0.847%0.95%0.947%
$25,000 – $99,9990.85%0.847%0.95%0.947%1.05%1.046%
$100,000 – $499,9990.95%0.947%1.05%1.046%1.15%1.145%
$500,000 or more1.05%1.046%1.15%1.145%1.25%1.244%
36 Months
$1,000 – $24,9990.75%0.748%0.85%0.847%0.95%0.947%
$25,000 – $99,9990.85%0.847%0.95%0.947%1.05%1.046%
$100,000 – $499,9990.95%0.947%1.05%1.046%1.15%1.145%
$500,000 or more1.05%1.046%1.15%1.145%1.25%1.244%
48 Months
$1,000 – $24,9990.80%0.798%0.90%0.897%1.00%0.996%
$25,000 – $99,9990.90%0.897%1.00%0.996%1.10%1.095%
$100,000 – $499,9991.00%0.996%1.10%1.095%1.20%1.195%
$500,000 or more1.10%1.095%1.20%1.195%1.30%1.294%
60 Months
$1,000 – $24,9990.80%0.798%0.90%0.897%1.00%0.996%
$25,000 – $99,9990.90%0.897%1.00%0.996%1.10%1.095%
$100,000 – $499,9991.00%0.996%1.10%1.095%1,20%1.195%
$500,000 or more1.10%1.095%1.20%1.195%1.30%1.294%
84 Months
$1,000 – $24,9990.75%0.996%0.85%0.847%0.95%0.947%
$25,000 – $99,9990.85%1.095%0.95%0.947%1.05%1.046%
$100,000 – $499,9990.90%1.145%1.00%0.996%1.10%1.095%
$500,000 or more1.00%1.244%1.10%1.095%1.20%1.195%
120 Months
$1,000 – $24,9991.00%0.996%1.10%1.095%1.20%1.195%
$25,000 – $99,9991.10%1.095%1.20%1.195%1.30%1.294%
$100,000 – $499,9991.15%1.145%1.25%1.244%1.35%1.343%
$500,000 or more1.25%1.244%1.35%1.343%1.45%1.442%

2 All CDs are auto-renewable; penalty may be imposed for early withdrawal.

Need help?

For more information or questions, please contact us by phone at 1-800-388-4380 or email us at Fidelity@fddbank.com.

* If you participate in an employer-sponsored retirement plan, tax deferment of contributions to a Traditional IRA depends on your Modified Adjusted Gross Income (MAGI) and your tax-filing status.

For Modified Adjusted Gross Income (MAGI) Limits for Roth IRAs contact your Financial Advisor.

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