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Piedmont Federal offers a wide variety of retirement savings accounts designed to help you save now so you can spend your retirement the way you want. Choose from Traditional, Roth or SEP IRAs: Retirement accounts comparison »

The following products are available for each of our retirement accounts:

PRODUCTS

FIXED RATE IRA

JUMBO IRA

Terms available

6, 12, 18, 30, 48, 60 months

Up to 60 months

Interest

See rates

See rates1

Opening balance

$100

$100,000

Minimum Balance

$100

$100,000

Renewals

Automatic
based on original term

Automatic
based on original term

Penalty 2

6 and 12 month terms – 3 months (90 days) simple interest on amount withdrawn

60 month term – 12 months simple interest on amount withdrawn

All Other Terms – 6 months (180 days) simple interest on amount withdrawn

3 months (90 days) simple interest on amount withdrawn if term is 12 months or less

60 month term – 12 months simple interest on amount withdrawn

All other terms – 6 months (180 days) simple interest on amount withdrawn

Benefits

If age 59½ and above – eligible for annual rate upgrade

May make additional contributions at any time 3

If age 59½ and above – eligible for annual rate upgrade

May make additional contributions at any time 3

Eligible for free PFPinnacle account

View Products and Services Fee Schedule (PDF)
TO OPEN AN ACCOUNT: VISIT A BRANCH NEAR YOU OR CALL FOR DETAILS.

1 Other terms available; visit or call a Piedmont Federal branch for more information.

2 IRS penalty may also apply

3 Subject to IRS rules

IRA Products

FIXED RATE IRA

  • 6, 12, 18, 30, 48 month terms available
  • See interest rates
  • Opening/minimum balance: $100
  • Automatic renewal based on original terms
  • Penalty 2:
    • 6 and 12 month terms – 3 months (90 days) simple interest on amount withdrawn
    • 60 month term – 12 months simple interest on amount withdrawn
    • All Other Terms – 6 months (180 days) simple interest on amount withdrawn
  • Benefits include:
    • If age 59½ and above – eligible for annual rate upgrade
    • May make additional contributions at any time 3
    • Eligible for free PFSelect Checking account with $500 retirement minimum balance

JUMBO IRA

  • Up to 48 month term available
  • See interest rates
  • Opening/minimum balance: $100,000
  • Automatic renewal based on original terms
  • Penalty 2:
    • 3 months (90 days) simple interest on amount withdrawn if term is 12 months or less
    • 60 month term – 12 months simple interest on amount withdrawn
    • All other terms – 6 months (180 days) simple interest on amount withdrawn
  • Benefits include:
    • If age 59½ and above – eligible for annual rate upgrade
    • May make additional contributions at any time 3
    • Eligible for free PFSelect Checking account with $500 retirement minimum balance

View Products and Services Fee Schedule (PDF)

TO OPEN AN ACCOUNT:
VISIT A BRANCH NEAR YOU OR CALL FOR DETAILS.

1 Other terms available; visit or call a Piedmont Federal branch for more information.

2 IRS penalty may also apply

3 Subject to IRS rules

Straightforward, commonsense banking

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