The primary advantage of a Nexity Bank Individual
Retirement Account is the potential tax savings.
You will receive high rates on your investment
and there are no administrative fees. You
can invest in your Nexity IRA CD by making
an annual contribution or by rolling over
or transferring funds from an existing IRA
or qualified plan at another institution.
Your Nexity IRA CD is FDIC insured up to
$250,000.
Traditional IRA CDs
Save for your future as well as save on the taxes you are paying today! Take
advantage of Traditional IRA CDs which are time deposit accounts that allow you
to defer the payment of taxes on earnings until they are withdrawn. Contributions
may be tax deductible in the tax year for which they are made. You are eligible
to establish a Traditional IRA if you are under the age of 70½ and have
earned income.
Roth IRA CDs
Like the Traditional IRA CD, the Roth IRA CD also offers you a way to save
for your future and save on taxes. Roth IRA contributions are not tax deductible.
However, your withdrawals are tax-free if certain conditions are met. Roth
IRAs do not require you to begin withdrawing funds at age 70½. You are
eligible to establish a Roth IRA at any age as long as you have earned income
and meet certain income guidelines.
Customer
Service
If you have questions, just call Toll Free 1-877-738-6391 and speak to a Customer Service Representative
or email us at customerservice@nexitybank.com.
Annual Percentage Yield
(APY) is accurate as of 8/1/2010 and is subject to change daily. Fees
could reduce earnings. CDs subject to interest penalty for early withdrawal. Posted
interest rates are available only on personal accounts of less than $250,000.
