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IRA CDs and IRA Savings Account

Find out how the benefits of an IRA Savings can help you prepare for retirement, or how you can grow your savings with a guaranteed fixed rate of return with an IRA CD.

View the 2015 IRA rollover rules amendments
Learn more about Traditional vs. Roth IRAs

IRA Savings

Jump start your retirement savings by using Citizens Bank Steady Save® to schedule regular contributions1 according to your budget and timetable. The IRA Savings is available as either a Traditional or a Roth IRA account both of which are FDIC-insured. And, at Citizens, there’s no bank penalty for early withdrawal2.

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Any Amount

Minimum balance to open

 

$4.99

Monthly maintenance fee waived if you keep a minimum daily balance of $200. Account will automatically receive a fee waiver on the first 4 monthly maintenance fees.

IRA CDs

If you’ve already opened an Individual Retirement Account, you might consider rolling your contributions into an IRA CD to grow your retirement savings with a guaranteed fixed rate of return3.

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$250

Minimum balance to open

$0

Monthly maintenance fee

IRA Savings

IRA CDs

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Our IRA Savings helps you save for retirement by making regular contributions that match your budget.

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 Yes1 You determine amount and frequency No3
Early Withdrawal Penalties may apply2 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
Contribution Limits (Traditional and Roth IRAs) - under age 50 2017: $5,500
2016: $5,500
Contribution Limits (Traditional and Roth IRAs) - over age 50 2017: $6,500
2016: $6,500

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