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Personal Banking > Individual Retirement Accounts > IRA CDs
 
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IRA CDs

Get on track for your retirement - take advantage of tax-deferred options like IRA CDs.

  • Provides a great short-term option for making your retirement contributions
  • Choose a term (1-120 months) that meets your needs
  • Peace of mind of FDIC insurance
  • Keep your savings on track if you’re changing jobs - we can help you roll over retirement savings without incurring costly tax penalties
  • Earn competitive IRA CD interest rates
  • Your earnings grow tax-deferred until you withdraw them in retirement
  • Low minimum balance of $250 required to open

Interest Rate
  • Fixed
Term(s)
  • 1 - 120 months
Minimum balance to open
  • $250
Steady Save Contributions
  • No
Early Withdrawal Penalty
  • Yes
FDIC Insured
  • Yes
Tax benefits
  • Traditional IRA contributions may be tax deductible - consult your tax advisor
IRA types
  • Traditional and Roth IRA
Annual Fee
  • None
ATM card issued
  • No
Contribution Limits
Traditional and Roth IRAs
(under age 50)
  • 2012: $5,000
  • 2013: $5,500
Contribution Limits
Traditional and Roth IRAs
(age 50+)
  • 2012: $6,000
  • 2013: $6,500
Eligible for IRA Rollover
  • Yes

 
 

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© Copyright 2013 RBS Citizens Financial Group, Inc. All rights reserved.
Citizens Bank is a brand name of RBS Citizens, N.A. and Citizens Bank of Pennsylvania. Deposit accounts held at RBS Citizens, N.A. and Citizens Bank of Pennsylvania are separately insured.

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All accounts and services are subject to approval. IRA distributions may be subject to state taxation depending on the tax law of your state. Citizens Bank does not offer tax advice. Consult your tax advisor for IRA eligibility rules and your individual circumstances. Please refer to the Personal Deposit Agreement and Fee and Feature Guides for fees and information. See a banker for details and deposit insurance coverage limitations.