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| Roth IRA CDs |
| Roth
IRA CD Rates |
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| Terms
| Rates
| | | $1,000-$49,999 | $50,000 + |
| 12
Month IRA | |
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| 24
Month IRA | |
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| 36
Month IRA | |
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Features
- The 2008 maximum contribution limit is
$5,000, with an additional Catch-up contribution
of $1,000 for IRA owners over the age of 50.*
- The earnings in your Roth IRA are tax-free
- Receive
tax-free distributions after age 59½.**
- There
is no requirement that you have to take distributions
from your Roth IRA at any age
- Unlike
traditional IRAs, you can continue to contribute
to your Roth IRA after age 70½ as long
as your earned income exceeds your Roth IRA contribution
- You can also take advantage of our
competitive rates and rollover or transfer funds
from your existing Roth IRA or qualified plan
from another financial institution.
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* Contribution Limits for Roth
IRA’s are determined using your Modified
Adjusted Gross Income. Please call Nexity Bank Customer Service for additional
information.
** Principal and interest distributions are tax free upon withdrawal, however
the IRA must be in place for five years and you must be at least 59½ years
of age, or the withdrawal must be used for a first-time home purchase (lifetime
limit of $10,000 per individual), qualified higher education expenses, certain
medical expenses, certain other uses, or in the event of disability or death.
Other withdrawals made prior to age 59½ maybe subject to an additional
IRS early withdrawal penalty in additional to ordinary income taxes. Please
consult with you tax advisor for additional information. |
Note: Nexity Bank does not offer tax advice and suggests that you consult with
your tax advisor to determine which IRA is the best investment for your
specific situation. For more information, you may also call 1-800-TAX-1040. |
Customer
Service
If you have questions, just call Toll Free 1-877-738-6391
and speak to a Customer Service Representative or e-mail us at customerservice@nexitybank.com
|
Apply Now!
Annual
Percentage Yield (APY) is accurate as of 11/22/2008 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. |
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