Negotiating Rates on IRA

Question: Is it permissible to negotiate rates on IRA accounts? We'd like to do so for a particular customer, but one of our officers says we can't negotiate IRA rates.

Answer: There is no prohibition against an institution negotiating rates on an IRA. You can if you choose to do so.

Copyright © 2005 Bankers' Hotline. Originally appeared in Bankers' Hotline, Vol. 15, No. 3, 4/05