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 | 4.62%  |
4.67% |
| 30 Year Fixed | 5.15% | 5.15% |
| 1 Year ARM | 3.48% |
3.51% |
| 5/1 Year ARM | 3.62% |
3.68% |
| Type | Today | Week Ago |
|---|---|---|
| Line of Credit | 4.89%  |
4.88% |
| 10 Year Loan | 7.47% | 7.47% |
| 15 Year Loan | 7.61% |
7.60% |
| Type | Today | Week Ago |
|---|---|---|
| Interest Checking | 0.28% | 0.28% |
| Money Market/Savings | 0.38% | 0.38% |
| 12 Month CD | 1.13%  |
1.15% |
| 60 Month IRA CD | 2.40% |
2.41% |
| Type | Today | Week Ago |
|---|---|---|
| Cash Back Cards | 12.66% |
12.68% |
| No Annual Fee Cards | 12.08% |
11.97% |
| Reward Cards | 12.75% |
12.61% |
| Small Business Cards | 11.01% |
10.94% |
| Student Cards | 13.77% |
13.49% |
| Platinum Cards | 12.26% |
12.11% |
