There are some good IRA options. From these Bank is also a good option.

• Banks

Many banks offer IRA accounts for those looking for the security of a CD. While rates currently are at historic lows, CDs are FDIC insured. Here are two examples of banks that offer IRAs.

Ally. Formerly GMAC, Ally Bank offers high yield IRA CDs. It also offers up to a $500 bonus on new IRA accounts, depending on the size of the initial deposit.