Scottrade – Individual Retirement Accounts (IRAs)

helpyourmoney — Tue, 05 May 2009 20:14:10 +0000

You can open a new IRA or transfer your existing IRA from another brokerage firm to us. We offer a Traditional IRA, Roth IRA or a Rollover IRA. Once you open an account and choose the IRA product that works best for you, our easy-to-use online tools make managing your account simple.

Traditional IRA
Traditional IRA

Enjoy tax-deferred earnings growth with a Scottrade No-Fee Traditional IRA.

Contributions may be tax-deductible, but distributions are generally taxable.

Self-direction – no minimum annual contribution and you choose your investment vehicles

Eligible for Money Direct® instant funding

Roth IRA

Enjoy tax-free growth and tax-free qualified distributions with a Roth IRA.

Contributions can be made at any age, and there is no mandatory withdrawal age

Self-direction – no minimum annual contribution and you choose your investment vehicles

Eligible for Money Direct® instant funding

Rollover IRA

Directly roll over assets from a previous IRA, 401(k) or other qualified plan to keep growing your investments and avoid taxes and penalties.

Specifically designed to receive rollovers from a previous 401(k) retirement plan, within 60 days

This account is eligible for Money Direct® instant funding

SEP IRA

SEP IRA
A Simplified Employee Pension (SEP) IRA is a variation of a Traditional IRA, providing retirement benefits for business owners and their employees.

SEP IRA funds are generally taxed at ordinary income tax rates when withdrawals are taken after age 59 ½

This account is eligible for Money Direct® instant funding

Contact

Online Application

800 619 SAVE (7283)

Because Traditional and Roth IRAs are the most common account types, here is more in-depth look at their key differences.

IRAs can hold a diverse mix of retirement planning & investment products including CDs and Bonds.

Use your Scottrade IRA to invest in a variety of investment options.

CDs, Bonds and U.S. Treasury Bills

Large selection of Mutual Funds

ETFs, Stocks and Options

Choose a Scottrade No-Fee IRA

No hidden fees: no opening, closing, annual or custodian fees

Self-direction – no minimum annual contribution, and you choose your investment vehicles

Tax-deferred earnings growth

Choose from Traditional, Roth, SEP or Rollover IRAs

Discover Bank IRA CD Accounts

helpyourmoney — Mon, 20 Apr 2009 21:05:24 +0000

Promise...

Lock in a competitive rate today and enjoy predictable growth for a secure future. While both Roth and Traditional IRAs are excellent investments to help you save for retirement each has different advantages and requirements.

Discover Bank offers both Roth and Traditional IRAs. When choosing which type of IRA to open, you should consider factors such as your taxable income, age and family status. Your financial advisor or tax professional can help you determine which type of IRA is best suited to your needs.

Fee¹ Schedule for CD Accounts
Incoming Domestic Wire	Free
Incoming International Wire	Free
Foreign Check Conversion	At cost
Outgoing Domestic Wire	$20
Outgoing International Wire	$40
Paper Copy of Statement, Check, Deposit Item	$5
Priority Mail	$20
Returned Deposit Item	$15
Withdrawal by Official Bank Check	$5
1. If interest in account does not cover fee, your principal will be affected.

Contact

Online

Ask Questions or Bank by Phone:
Account managers are available to personally assist you, Please call us any time 24 hours / 7 days a week
1-800-347-7000
(TDD 1-800-347-7454).

Mail

For New Accounts:

Discover Bank
New Accounts
P.O. Box 2019
Greenwood, DE 19950-2019

For Deposits by Mail:

Discover Bank
P.O. Box 2019
Greenwood, DE 19950-2019

Open an Account:

1-800-347-7000
(TDD 1-800-347-7457)

Technical Support:
1-877-409-0274

HelpYourMoney.com » IRA

Scottrade – Individual Retirement Accounts (IRAs)

Discover Bank IRA CD Accounts