We have both Traditional and Roth Individual Retirement Accounts that offer potential tax-deferred or tax-free growth of your savings.* Please contact us for current rates.
CAN WE CREATE A FIELD THAT YOU CAN JUST UPDATE RATES DAILY?
Or a chat box or field to email…but then again maybe you prefer a phone call so you can talk with them.
Traditional IRAs
A Traditional IRA allows you to set aside income up to a specified amount each year, and you may deduct the contributions from taxable income. Contributions and interest may be tax-deferred until retirement when, typically, income falls in a lower tax bracket.*
- 18-month, 30-month or 60-month CDs.
- Unlimited deposits on qualified accounts.
- $100 minimum investment.
We also offer SEPs, which are Traditional IRAs for self-employed individuals.
Roth IRAs
With a Roth IRA, the contributions are after-tax dollars, so when you retire, the earnings are tax-free. CBL enables you to draft your contributions from another institution’s account. Interest earnings can be withdrawn penalty-free and tax-free starting at age 59 if your account has been open five years or longer.*
- 18-month, 30-month or 60-month CDs.
- Unlimited deposits on qualified accounts.
- $100 minimum investment.
- No Required Minimum Distribution (RMD).
*Please consult your tax advisor for details
