For tax purposes you only have ONE Traditional IRA which can be split between as many different accounts as you want, but for tax purposes they are all added together. The IRA contribution limit applies to all IRA accounts. Some accounts can hold both CD's and non-CD money - depending on the financial institution. You can always open a new IRA CD account or just an IRA account for new contributions.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
