We’re no longer offering retirement plans

Santander Bank will no longer provide Individual Retirement Account (IRA) Certificates of Deposit and IRA Money Market Savings accounts—but there are several ways to continue growing your retirement savings.

What are my options?

Please consult with a tax professional. Determining the best option for you will be based on factors like your age, tax bracket, any potential tax implications, and the type of retirement plan you currently have
Next Steps:
  1. Set up an appointment with a Banker to discuss options and connect you to a Santander Investment Services Financial Advisor. 
  2. Meet with a Financial Advisor, in-person or virtually, to determine which plan best fits your needs and discuss next steps. 
  3. Your Financial Advisor will complete a Transfer of Assets form to transfer your funds to the new Santander Investment Services plan.  
  4. Receive confirmation when the transaction is completed, and your Santander Bank retirement account has been closed.

Book an appointment at a branch near you

Talk to an experienced Banker about your options and continue your retirement planning.

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Invest with confidence

Santander Investment Services* partners with some of the largest and most experienced fund managers to give you access to the investment products that may fit your strategy, including retirement services. Together, we’ll personalize a plan for your goals and help you reach them. 

Keeping your future in sight

Please know the decision to discontinue retirement plans at Santander Bank was not taken lightly. We’re committed to delivering products and services that ensure our customers have the best banking experience possible. Sometimes that means closing certain products to further invest in others.

Santander Investment Services* provides options that may meet your retirement planning needs.
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woman and a man looking at paperwork in front of a laptop

Frequently asked questions

We’re committed to delivering products and services that ensure our customers have the best possible banking experience. Sometimes that means we must say goodbye to certain products so we can further invest in new and exceptional banking services.

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Branches across the Northeast and in Miami, Florida, plus 2,000+ ATMs nationally.
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*Securities and advisory services are offered through Santander Investment Services, a division of Santander Securities LLC. Santander Securities LLC is a registered broker-dealer, member FINRA and SIPC and a Registered Investment Adviser. Insurance is offered through Santander Securities LLC or its affiliates. Santander Investment Services is an affiliate of Santander Bank, N.A.

Please consult a tax professional.

**The tax information contained herein is general in nature, is provided for informational purposes only, and should not be construed as legal or tax advice. Always consult an attorney or tax professional regarding your specific legal or tax situation.


Santander Bank, N.A. is a Member FDIC and a wholly owned subsidiary of Banco Santander, S.A. © 2023 Santander Bank, N.A. All rights reserved. Santander, Santander Bank, and the Flame logo are trademarks of Banco Santander, S.A. or its subsidiaries in the United States or other countries.