Identity Protection Checking Horizontal Banner AdIndividual Retirement Accounts

  IRA SavingsTraditional IRA
Variable & Fixed Rate 
Roth IRA
Variable & Fixed Rate
Description: A flexible retirement account designed to help you save with the ability to make deposits on a recurring basis

The traditional IRA account allows you to contribute earned income and defer taxes on contributions and earnings until they are withdrawn

Contributions are taxed going into IRA account, but no tax is paid on qualified withdrawals
Minimum Opening Deposit: $25 $500 $500
Terms:

Ask a representative for details

Interest will be compounded daily

Interest will be credited quarterly

Varies with program. Ask a representative for details

Interest will be compounded daily

Interest will be credited quarterly

 Varies with program.  Ask a representative for details

Interest will be compounded daily

Interest will be credited quarterly

Tax Deferral Status:

Contributions may be tax deductible (1)

Earnings are tax deferred until withdrawn (1)

Contributions may be tax deductible (1) 

Earnings are taxed deferred until withdrawn (1)

Contributions are not tax deductible (1)

No taxes paid on qualified withdrawals of earnings (1)

Allowable Contributors:

Individuals under 70 1/2 years of age

Limits apply

Individuals under 70 1/2  years of age

Limits apply

 

Individuals with earned income subject to modified adjusted gross income limits

Limits apply

 

Withdrawal Information:

Regular retirement withdrawals may be made as early as age 59 1/2 and must begin once a participant reaches age 70 1/2 (1)

Limits Apply 

Regular retirement withdrawals can be made as early as age 59 1/2 and must begin once a participant reaches age 70 ½ (1)

Please note that withdrawals may be subject to IRS tax penalties

Contributions may be withdrawn at any time without taxation (1)

Qualified withdrawals of earnings may be made without taxation after five years (1)

 

Account Dates:

Must open account and all contributions must be made by tax filing deadline (usually April 15) (1)

Deposits to the account are considered "current" years unless you indicate otherwise at the time of deposit

Must open account and all contributions must be made by tax filing deadline (usually April 15) (1)

Deposits to the account are considered "current" years unless you indicate otherwise at the time of deposit

Must open account and all contributions must be made by tax filing deadline (usually April 15) (1)

Deposits to the account are considered "current" years unless you indicate otherwise at the time of deposit

Contribution Information: Please consult your tax advisor based on your personal situation

Please consult your tax advisor based on your personal situation

Please consult your tax advisor based on your personal situation

Benefits:   Contributions may be tax deferred. Earnings may be tax deferred until withdrawn (1)

Variable and fixed rate options allow for flexibility in interest earnings

Contributions may be tax deferred. Earnings are tax deferred until withdrawn (1)

 

No taxes on the interest earned on the account (1)

Variable and fixed rates offered

Flexible terms to meet your needs

(1) IMPORTANT NOTE: Substantial penalties may apply for early withdrawals of funds from a Time Certificate of Deposit. Please consult your Tax Advisor regarding consequences for Individual Retirement Account contributions and withdrawals. Please Note: This information is accurate as of January 2016.
Central Valley Community Bank reserves the right to make changes at any time as a result of a change of policy, law, and regulation or otherwise.

Learn about other Central Valley Community Bank accounts
that can help meet your personal and business needs.
     
     




Safety & Soundness
Our priority: Your confidence!
 Learn More
FDIC Coverage
Find out about options to protect your money
 Learn More 
Savings 
Learn about our Personal Savings accounts
 Learn More