IRAs are savings accounts that generate a higher interest rate than you would get with a traditional savings account. In exchange for agreeing to keep your money in the account for a specified period of time, you'll get a guaranteed return. Whether you choose a traditional IRA or a Roth IRA, tax benefits allow your savings to grow or accumulate more quickly than in a taxable account. You can even rollover an IRA into gold if you wish, such as with a Rollover IRA into Gold option. The traditional IRA calculator can help you determine an appropriate option for rolling over your IRA into gold. A Roth IRA is a type of IRA in which you pay taxes on the money that goes into your account, but future withdrawals are tax-exempt if certain requirements are met.
However, if you want to open a CD within an IRA, you must first open the IRA and then select the CD as an investment within the IRA. Check the income table for an IRS Roth IRA to see if and how much you are eligible to contribute to a Roth IRA.