What Are Some Tips for Getting a Good Interest Rate on a Roth IRA?


Quick Answer

Get a good interest rate on your Roth IRA by choosing investments within your retirement account that yield the most interest. Roth IRA interest is determined by your investment choices, not by the financial institution with whom you hold the account, according to RothIRA.com.

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Full Answer

To maximize your interest opportunity, choose among the types of investments allowed to be held in a Roth IRA. The RothIRA website lists the qualifying types of investments, including stocks, bond mutual funds, CDs, and real estate. The interest rate of return on your Roth IRA is determined by the performance of the investments you have selected. Consult with a professional financial planner to choose the types of investments that are likely to return the interest rates you are seeking.

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