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Traditional and Roth Flex Rate IRAs (Variable Rate)

Higher APY compared to our Fixed-Rate 1- and 2-Year IRAs

Call to Open a Flex Rate IRA 1-800-621-2105

Or call 1-800-621-2105

Flex Rate IRAs (Variable Rate) Dividend Rate  APY 
12 Month Term 4.50% 4.66%
24 Month Term 4.50% 4.66%

Flex Rate IRA Annual Percentage Yield (APY) effective as of January 1, 2025, and may change without notice. The dividend rate and APY are based on the current Prime Rate index as published in the Wall Street Journal minus a margin of 3.00%. The dividend rate and APY are variable and will adjust the next business day following a change in Prime Rate index. The minimum floor APY for the flex rate certificates is 0.00% and the maximum APY will never be greater than 17.00%. Minimum deposit of $1,000 to open certificate. Primary members under the age of 18 must have a $500 minimum deposit to open certificate. Minimum of $500 balance required to earn dividends. Health Savings account funds are not eligible. Fees may reduce earnings. Penalty for early withdrawal. Elements reserves the right to amend or discontinue offers at any time and to limit the balance of a certificate at any time.

More Disclosure

Traditional and Roth Flex Rate IRAs (Variable Rate)

Adjusts with Prime Rate minus a margin of 3.00%

KEY FEATURES

  • Save for retirement at any age in a tax-advantaged way
  • Choose between tax-deductible contributions (Traditional Flex Rate IRA) or tax-free withdrawals (Roth Flex Rate IRA)
  • Contribute up to $7,000 per tax year, or possibly $8,000 if you are over age 50
  • Dividend rates that keep pace with a changing rate environment by flexing when the Prime Rate changes, up or down

Call to Open a Flex Rate IRA 1-800-621-2105

MAY BE A GOOD CHOICE IF

  • You are self-employed or don’t have access to an employer-sponsored plan like a 401(k)
  • You’ve maxed out your 401(k) contribution
  • Trade-off: Flex Rate IRAs can have lower contribution limits than 401(k)s

Compare to Other Savings Options

  1. 1 Based on asset size as of 9/3/2024.