Open an Individual Retirement Account (IRA)

Rollover IRA
Consolidate previous employer-sponsored plans into one account, while preserving important tax advantages and potentially getting more investment choices. Learn more »
Roth IRA
Let your earnings have the opportunity to grow tax free and make qualified tax-free withdrawals of contributions at any time.1 Unlike a Traditional IRA, there are no mandatory withdrawals. Contributions aren't tax-deductible.2 Learn more »
Traditional IRA
Allow your investment earnings the opportunity to grow tax free until funds are withdrawn in retirement. Contributions may be tax-deductible.
Learn more »
CDs and Money Market Savings Accounts


Invest in FDIC-insured3 CDs and money market savings accounts. These accounts can be used for Roth, Traditional or Rollover IRAs. Learn more »
Money Market Savings IRA Learn more »
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1 There is a single, 5 year holding period when determining whether earnings can be withdrawn federally tax-free as part of a qualified distribution from a Roth IRA. This period begins January 1 of the year of the first contribution to any Roth IRA account.

2 With inherited IRAs, beneficiaries must begin taking distributions within certain periods specified by the IRS.

3 Retirement accounts opened through Bank of America, N.A., including Roth and Traditional IRAs, are insured by the FDIC up to $250,000 per depositor. These accounts are insured separately from other deposits you may have with Bank of America, N.A.

Banking products are provided by Bank of America, N.A. and affiliated banks. Members FDIC and wholly-owned subsidiaries of Bank of America Corporation.