Solera National Bank Self-Directed IRA

Solera National Bank is a national bank offering business banking, personal deposit accounts, nonprofit banking, lending, and a self-directed retirement line that it markets alongside retirement real estate loans. It describes itself as a nationwide digital bank with relationship managers rather than a branch network.

Published deposit products include a Balance Builder money market for personal and business customers, which the bank pairs with its Effortless Checking account for a bundled rate, and it states the money market rate is not available for retirement accounts such as an IRA or solo 401(k). Live agents are available by phone and chat from 7am to 5pm MT, with after-hours questions handled by a virtual assistant, and the bank says it connects to all 9 major data aggregators so accounts sync with platforms such as QuickBooks and Xero. Deposits are FDIC-insured.

The crawled pages market self-directed retirement banking and retirement real estate loans but do not set out which alternative assets the bank will hold in a retirement account, what an account costs annually, or how the application and funding process works. Anyone planning to hold real estate, notes or private placements should confirm directly with the bank that it will custody that specific asset, and ask for the current fee schedule and rates in writing.