If you fail to do this, the IRS may impose severe penalties. Federally Insured Products A Corus Bank IRA is a great investment tool. It can help ensure your retirement, finance your independence and guide you with your estate planning, while providing a tax shelter. After deciding which IRA is best for you, evaluate how you would like to save your money. Corus Bank offers several federally insured products.
CDs offer a variety of deposit terms to choose from and competitive interest rates.
Earn market interest rates and have maximum deposit flexibility with no required term. In order to receive all accrued interest, funds must be on deposit through the interest payment date. For withdrawals outside the normal distribution pattern a bank penalty will apply. Back to top Variable Rate Certificates of Deposit Available for Traditional, Roth and Educational IRAs. The interest rate for the variable rate Certificates of Deposit will re-price and pay interest at the end of each calendar quarter.