IRA certificates and CDs are both popular investment options for individuals looking to save for retirement. They both offer tax advantages and the potential for earning interest on your investment, but there are some key differences between the two.
An IRA certificate is a type of certificate of deposit that is offered through a Individual Retirement Account. An IRA CD is a specific type of IRA certificate that offers a higher yield than a traditional CD. This is because the money invested in an IRA CD is not subject to federal income tax, which allows the bank to offer a …