Updates

You can now fully open and fund a new Individual Retirement Account (IRA) Certificate of Deposit (CD) online through Seattle Bank in less than 20 minutes. The platform eliminates the need for an in-person branch visit or mailed documents, allowing you to complete the process from start-to-funding conveniently from home, day or night, on a desktop, tablet or mobile device.

Seattle Bank is the first financial institution in the nation to develop a fully digital IRA CD service that enables retirement savers to establish an IRA plan, open a CD and fund the account in one seamless digital process. Available for both Traditional and Roth CDs, the Online IRA CD provides retirement savers a robust digital experience with all documentation requirements conveniently built in. 

With required information in hand and a smart phone, retirement savers can open the Online IRA CD in 20 minutes. The embedded digital processes make every step simple and straightforward, starting with identity verification which is initiated by simply capturing and uploading a selfie photo. The fully guided journey takes you from account opening to naming beneficiaries to signing electronically to digital funding. Unless you choose to fund the IRA CD via wire or check which requires action outside of the platform, the process can be completed online. It even addresses the challenge of naming beneficiaries (other than a spouse) in a community property state. 

The simple account opening process, coupled with our highly competitive CD rates, make Seattle Bank the ideal place to grow your retirement savings. With the Federal Reserve indicating that interest rate reductions are imminent, now is the opportune time to open or add to your IRA while you can still benefit from higher rates.

Our Online IRA CD complements the personal service and attention available from our team of CD Specialists. They are always available to answer your questions about opening or adding to your IRA CD, whether you prefer service online, by phone or in person. We are eager to share our combination of this powerful technology and the dedication of our banking experts in order to make it easier to bank with us and provide you with greater peace of mind.