Dividends are computed on the daily balance and are compounded and credited to the account quarterly. Check out the current dividend rates . The IRA share accounts are not term accounts and the funds can be withdrawn anytime, recognizing that you may be subject to IRS penalties. The IRA certificate is for you if you know you will not be using the funds in your IRA for a predetermined amount of time. The certificate pays a higher rate than the IRA share account.
Interest is computed on the daily balance and compounded and credited to the account quarterly.
If you need help in determining how much money to save each year in order to achieve your financial goals, visit our Retirement Calculator .