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| Traditional IRA CDs |
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| Traditional
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 2009 contribution limit is $5,000, with a Catch-up contribution
of $1,000 for IRA owners over the age of 50
- The 2008 contribution limit is $5,000, with a Catch-up contribution
of $1,000 for IRA owners over the age of 50
- Annual Traditional IRA contributions may
be tax deductible*
- You
may make a Traditional IRA contribution if you
have
earned income and are under age 70½ in
the year of your contribution regardless of your
income level*
- The earnings in your
IRA are tax deferred until you begin withdrawing
the funds at retirement
- You
can receive penalty-free distributions after age
59½.
You must begin taking distributions at age 70½
- You
can also take advantage of our competitive IRA CD rates
and rollover or transfer funds from your existing
IRA or qualified plan from another financial
institution.
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*The
tax deductibility of your annual contribution depends on whether you and your
spouse are covered by a retirement plan at work, and your adjusted gross income.
Please consult your tax advisor for additional information. |
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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.
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Apply Now!
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. | |
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