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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
2007 contribution limit is $4,000, 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
- You
may make a contribution to a Traditional IRA 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
- Receive
penalty-free distributions after age 59½. You must begin receiving distributions
at age 70½
- You
can also take advantage of the superior rates you will receive and rollover funds
from your existing IRA or qualified plan
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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. |
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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 5/17/2008 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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