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

VARIABLE RATE IRA

NEGOTIATED IRA

Terms available

6, 12, 18, 30, 48 months

18 month

Up to 48 months

Interest

See rates

See rates

See rates1

Opening balance

$100

$100

$100,000

Minimum Balance

$100

$100

$100,000

Renewals

Automatic
based on original term

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6 and 12 month terms – 3 months (90 days) simple interest on amount withdrawn

All Other Terms – 6 months (180 days) simple interest on amount withdrawn

6 months (180 days) simple interest on amount withdrawn

3 months (90 days) simple interest on amount withdrawn if term is 12 months or less

6 months (180 days) simple interest on amount withdrawn if term is longer than 12 months

Benefits

Once a year Rollover or Transfer deposit up to $10,000 and not extend maturity per plan

If age 59½ and above – eligible for annual rate upgrade

May make additional contributions at any time 3

Once a year Rollover or Transfer deposit up to $10,000 and not extend maturity per plan

If age 59½ and above – eligible for annual rate upgrade

May make additional contributions at any time 3

Once a year Rollover or Transfer deposit up to $10,000 and not extend maturity per plan

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    • 6 and 12 month terms – 3 months (90 days) simple interest on amount withdrawn
    • All Other Terms – 6 months (180 days) simple interest on amount withdrawn
  • Benefits include:
    • Once a year Rollover or Transfer deposit up to $10,000 and not extend maturity per plan
    • 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

VARIABLE RATE IRA

  • 18 month term available
  • See interest rates
  • Opening/minimum balance: $100
  • Automatic renewal based on original terms
  • Penalty 2:
    • 6 months (180 days) simple interest on amount withdrawn
  • Benefits include:
    • Once a year Rollover or Transfer deposit up to $10,000 and not extend maturity per plan
    • 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

NEGOTIATED 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
    • 6 months (180 days) simple interest on amount withdrawn if term is longer than 12 months
  • Benefits include:
    • Once a year Rollover or Transfer deposit up to $10,000 and not extend maturity per plan
    • 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 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