Introducing the new BankDirect Money Market Individual Retirement Account! Enjoy
the convenience and liquidity of a money market account with the safety and
security of FDIC insurance.
To open a BankDirect IRA, please contact Client Support at 1.877.839.2737 to complete an application over the phone with a Client Support Representative or to request a New Account Kit be mailed to you.
ATM or Visa CheckCards are not available on IRA Money Market Accounts.
Instead of funding your IRA in one lump sum, you can make recurring deposits as
often as you like.
Additional deposits allowed ($100 minimum per additional deposit)
No time commitment-can be withdrawn or transferred at any time
No bank-imposed early withdrawal penalties
(Standard IRA penalties may
Interest earnings compounded daily and credited monthly
Convenient monthly statement
Can be used for contributions or rollovers from other funds