CDs & IRAs

The earlier you start saving for retirement, the better off you’ll be. An IRA allows you to save money, earn interest and reduce the taxes you pay!

Certificates of Deposit (CDs)

The safe and secure way to earn interest with a variety of options allow you to manage your money and achieve your financial goals. Ask about special CD rates for Citizens customers.

FDIC insured
Terms from 30 days to five years
Competitive fixed or variable-rate CDs

Traditional (IRAs) Earn Interest

Fixed and variable rates
Contributions may be tax deductible*
Taxes on earnings or pre-taxed dollars are deferred until distribution
Distributions may be take without penalties at age 59 1/2

Roth (IRAs) Reduce Taxes

FLEXIBILE IRA with tax-free growth
Contributions are not tax deductible
Qualified distributions after a 5-year period
Tax-exempt if you’re over 591/2
Withdraw funds used to purchase a first home are tax-exempt if you’re under 59 1/2, please refer to the IRS Website for additional details.

Coverdell Education Savings Account (CESA) Save Money

SAVE money and earn tax-exempt interest for your child's education
Make yearly non-deductible contributions up to $2,000
Qualified distributions and earnings are tax exempt

*Consult your tax advisors.