Accounts
FAQs
What is the difference between an IRA Money Market and an IRA Share account?
How much money do I need to open an IRA Money Market account?
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An IRA Money Market typically requires a higher minimum balance and offers tiered dividend rates, whereas an IRA Share Account is a basic, lower-yield deposit account with fewer balance requirements. Both accounts are held within an IRA structure and share the same tax advantages and IRS contribution and withdrawal rules.
A minimum of $2,000 is required to open an IRA Money Market Account.