Average Rating
Putnam Investments Bank provides a full range of investment choices. Customers can contribute up to $5,000 a year with special tax benefits, depending on the type of IRA they own. If customers are 50 or older, they can make additional "catch-up" contributions that can give a boost to their retirement savings. IRAs have flexible distribution options that make them especially useful when planning their overall financial strategy. The bank offers both IRA types - Traditional IRA and Roth IRA. Traditional IRAs allows customer to make tax-deferred, or in some cases, tax-deductible contributions. The money customer invest accumulates tax free, but withdrawals are subject to income taxes. The Roth IRA contributions are made with tax-deferred dollars and account accumulation and withdrawals are tax free with a contribution limit of $5,000.
| Type | Today | Week Ago |
|---|---|---|
| 15 Year Fixed | 5.01%  |
5.12% |
| 30 Year Fixed | 5.48% |
5.60% |
| 1 Year ARM | 3.79% |
3.80% |
| 5/1 Year ARM | 4.08% |
4.16% |
| Type | Today | Week Ago |
|---|---|---|
| Line of Credit | 4.79% | 4.79% |
| 10 Year Loan | 7.62% |
7.66% |
| 15 Year Loan | 7.75% |
7.79% |
| Type | Today | Week Ago |
|---|---|---|
| Interest Checking | 0.29% | 0.29% |
| Money Market/Savings | 0.42%  |
0.43% |
| 12 Month CD | 1.34% |
1.36% |
| 60 Month IRA CD | 2.45% | 2.45% |
| Type | Today | Week Ago |
|---|---|---|
| Cash Back Cards | 11.62%  |
11.49% |
| No Annual Fee Cards | 11.55% |
11.52% |
| Reward Cards | 12.08% |
12.02% |
| Small Business Cards | 10.88% | 10.88% |
| Student Cards | 14.85% | 14.85% |
| Platinum Cards | 11.58% |
11.54% |
