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IRA's

With convenience, easy access and very competitive market rates, our Individual Retirement Account (IRA) is an excellent retirement savings vehicle that can be opened with as little as $100 and additional deposits can be made at any time.

With an IRA you benefit because:

• you pay no tax on the interest as long as your money stays in the IRA
• you may be able to deduct all or part of your IRA contributions on your income tax return
• even if you can't deduct your contributions, you'll still earn tax-deferred interest
• your account is FDIC insured with coverage that is separate from other accounts you have with us
• the ability to make additional contributions of $100 or more to the IRA CD at your original rate. The maximum addition must be no more than the total annual contribution allowed by law.

If you are about to retire or change jobs and you are going to receive money from your employer's retirement savings plan (such as a 401k), be sure to talk with us about a rollover to a Century Bank account.