Compare options below
Choosing the right account for you is simple with Citizens. Check out our account offerings below.
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IRA Savings Our IRA Savings helps you save for retirement by making regular contributions that match your budget. |
IRA CDs Our IRA CD provides peace of mind with a fixed interest rate to grow your funds steadily throughout your retirement. |
|
|---|---|---|
| Interest Rate | Variable | Fixed |
| Term(s) | No Term | 1 - 120 months |
| Minimum balance to open | Any Amount | $250 |
| Steady Save Contributions | Yes† You determine amount and frequency | No† |
| Early Withdrawal Penalties may apply† | No bank penalty for early withdrawal | CD early withdrawal penalty |
| FDIC Insured | Yes | |
| Tax benefits | Traditional IRA contributions may be tax deductible - consult your tax advisor | |
| IRA types | Traditional and Roth IRA | |
| Monthly Maintenance Fee | $4.99/Month, waived with $200 minimum daily balance. Account will automatically receive a fee waiver on the first 4 monthly maintenance fees. | N/A |
| ATM card issued | No | |
| IRA Rollover Account | Yes | |
IRA Contribution Limits
| Traditional IRA | Roth IRA | |||
|---|---|---|---|---|
| Tax Year 2024 | Tax Year 2025 | Tax Year 2024 | Tax Year 2025 | |
| Contribution Limits - under age 50 | $7,000 | $7,000 | $7,000 | $7,000 |
| Contribution Limits - age 50 and older | $8,000 | $8,000 | $8,000 | $8,000 |
| Modified Adjusted Gross Income (MAGI) Limits | ||||
| Single | $77,000 to $87,000 deductibility phase out | $79,000 to $89,000 deductibility phase out | $146,000 to $161,000 Eligibility phase out | $150,000 to $165,000 Eligibility phase out |
| Married filing jointly | $123,000 to $143,000 deductibility phase out | $126,000 to $146,000 deductibility phase out | $230,000 to $240,000 Eligibility phase out | $236,000 to $246,000 Eligibility phase out |
Other ways we can help
Retirement Planner Calculator
Do you know what it takes to work towards a secure retirement? Use this calculator to help you create your retirement plan.
Savings Rate Calculator
Use this calculator to see how different savings rates can impact your savings strategy.
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† For additional information, please click the † symbols throughout this page to view our deposits disclosures.
All accounts disclosure: All accounts and services are subject to individual approval.