Bread Financial, a tech-forward financial services company, has introduced its IRA Retirement Savings and CDs, a new individual retirement account (IRA) offering that includes High-Yield Savings Accounts (HYSA) and Certificates of Deposit (CD) options. The new product is designed to empower customers by helping them achieve their retirement goals with highly competitive IRA rates and tax advantages, supplementing their traditional retirement savings.
Bread Financial’s IRA Retirement Savings and CDs combines traditional IRAs with the benefits of a HYSA and CD to grow customers’ retirement savings. With highly competitive interest rates and tax benefits, customers can open an account in minutes and boost their savings for retirement.
Key benefits include:
- IRA choice: Choose from both traditional and Roth IRA options.
- Competitive rates: Earn top-tier interest rates to optimise returns.
- Tax advantages: Benefit from qualifying tax-deductible contributions or tax-free withdrawals, depending on the IRA type chosen.
- No monthly fees: Enjoy savings without worrying about additional charges.
- FDIC insured: Receive added security with an additional US$250,000 of protection beyond standard savings accounts.
“Our new retirement savings offering underscores our commitment to empowering customers with the best financial solutions at every life stage,” said Mark Colucy, Senior Director of Banking Operations, Bread Financial. “With our IRA Retirement Savings and CDs, customers can boost their retirement savings goals and build toward a more financially secure future.”