Individual Retirement Accounts (IRAs)
Plan for your future with Citizens Bank IRAs
Retirement - the beginning of your second life. The freedom to pursue your interests, passions, dreams, and more time for yourself and loved ones. However you see this time in your life, you’ll want it to be financially secure with retirement savings like an individual retirement account, or IRA.
We understand the importance of making smart decisions, so whether you’re looking to begin saving for retirement or want to preserve the nest egg you’ve already established, we have solutions to help meet your retirement savings goals. Learn more about the Citizens Bank IRA options available to you before and during retirement.
Traditional and Roth IRAs
There are two types of IRAs, Traditional and Roth. IRA earnings always grow tax-deferred and qualified Roth distributions are always tax free. There are eligibility requirements for contributing to an IRA, but most people with earned income, as well as their spouses, can qualify to contribute. IRAs are a retirement savings account designed to help you increase your funds so you’ll have a steady stream of income after you retire. To find out more, see our Traditional and Roth IRA Comparison Chart.
Citizens Bank IRA Product Options
Available as Traditional or Roth IRAs, our IRA Savings Plan and IRA CD are two flexible and easy solutions to help you save for retirement. The Citizens Bank IRA Savings Plan helps you begin saving for retirement by allowing you to make regular contributions that fit the amount and schedule you need to stay on budget. Our IRA CD not only provides peace of mind with FDIC insurance to help preserve your nest egg, but also provides a competitive fixed rate to help your funds grow while you are retired. For more information on these products, please see our IRA Savings Plan and IRA CD Comparison Chart.
Open a Citizens Bank IRA CD or Savings Plan today
Explore and compare the differences between Traditional and Roth IRAs to determine which is best for your retirement savings plan. For more information about individual retirement accounts or other options for your retirement planning needs, visit a Citizens Bank branch or call 1-800-948-7200. We can help you learn more about IRAs as well as get you set up with an IRA Savings Plan or CD to manage your retirement funds.