Open an Individual Retirement Account (IRA)

Rollover IRA
A Merrill Edge® Rollover IRA offers an easy way to maintain the tax-deferred status of your retirement plan while consolidating your retirement assets into one easy-to-manage account. A Rollover IRA isn't right for everyone. Consider all of your choices and learn if a Rollover IRA may be right for you.1
Have questions?
Talk to a Merrill Edge rollover specialist,
24 hours a day, 7 days a week at 1.888.637.3343.
Roth IRA
Let your earnings have the opportunity to grow tax free and make qualified tax-free withdrawals of contributions at any time.2 Unlike a Traditional IRA, there are no mandatory withdrawals.3 Contributions aren't tax-deductible. Learn more about Roth IRAs »
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Allow your investment earnings the opportunity to grow tax free until funds are withdrawn in retirement.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 about Traditional IRAs »
Inherited IRA
An Inherited IRA is used to transfer inherited retirement plan assets into an account in your name. Use this application to establish either a Traditional or Roth Inherited IRA.
CDs and Money Market Savings Accounts


Invest in FDIC-insured4 CDs and money market savings accounts and learn about using health savings accounts.
Money Market Savings IRA Learn more »
Health Savings Accounts5 Learn more »
Ready to get started?
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600 dollar IRA offer
Get up to $600 when you enroll, open and fund a new Merrill Edge® investment account or IRA.
How to qualify

1 You have choices for what to do with your employer sponsored retirement plan. Depending on your financial circumstances, needs and goals, you may choose to roll over to an IRA or convert to a Roth, roll over to an employer sponsored plan from a prior employer to an employer sponsored plan at your new employer, take a distribution or leave the account where it is. Each choice may offer different investment options and services, fees and expenses, withdrawal options, required minimum distributions, tax treatment and provide different protection from creditors and legal judgments. These are complex choices and should be considered with care. Visit or call a Merrill Edge rollover specialist at 1.888.637.3343 for additional information about your choices.

2 There is a single, 5 year holding period when determining whether earnings can be withdrawn federally tax-free as part of a qualified distribution from a Roth IRA.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.

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

4Retirement 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.

5 (2014) Merrill Edge was evaluated against 20 others in the 2014 Barron's Online-Broker review, March 15, 2014. Learn more at Barron's is a trademark of Dow Jones & Co., L.P. All rights reserved. Reprinted with permission of Barron's.

6 For J.D. Power 2011, 2012 and 2013 Call Center Certification ProgramSM information, visit and

7 Institutional Investor magazine announced BofA Merrill Lynch Global Research as the Top Global Research Firm for 2011, 2012 and 2013, based on surveys held throughout the year. The magazine creates rankings of the top research analysts in a wide variety of specializations, drawn from the choices of portfolio managers and other investment professionals at more than 1,000 firms. For more information about this award, go to

8 Merrill Edge was evaluated against 17 others in 2014 Online Broker Review, February 18, 2014. Learn more at

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You are eligible to enroll in the Preferred Rewards program if you have an active, eligible Bank of America personal checking account and maintain a three month average combined balance in your qualifying Bank of America deposit accounts and/or your qualifying Merrill Edge and Merrill Lynch investment accounts of at least $20,000 for the Gold tier, $50,000 for the Platinum tier, or $100,000 for the Platinum Honors tier. SafeBalance Banking accounts do not count towards the account or balance requirements, and do not receive the fee waivers and other benefits of the program. Certain benefits are also available without enrolling in Preferred Rewards if you satisfy balance and other requirements. For details on Employee qualification requirements, please visit the Employee Banking & Investments website. The Preferred Rewards Gold tier does not include the $0 online equity and ETF trades via Merrill Edge®, a benefit that is currently available at the Platinum and Platinum Honors tiers of Preferred Rewards. Merrill Lynch Wealth Management clients with greater than $250,000 in assets with Bank of America and Merrill Lynch are eligible for additional banking benefits. Please speak with your Merrill Lynch financial advisor for details.

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