Planning for the Road Ahead
Whether you’re just starting your career or nearing retirement age, securing your financial future is a top priority. At Everett Bank, we believe everyone deserves a golden age filled with peace of mind. That’s why we offer a variety of Certificate of Deposit (CD) IRAs, designed to help you grow your retirement savings securely and strategically. At Everett Bank, we are committed to helping you achieve your financial dreams. Let us be your trusted partner on this journey.
When it comes to earning guaranteed returns over a specific period of time, Certificates of Deposits (CDs) are an excellent choice. With competitive rates and flexible terms ranging from 91 days to 5 years, you can secure your financial future, regardless of market fluctuations. Consult your tax advisor for specific considerations, and please note that restrictions may apply.
See CD Rates
- Annual contributions may be tax deductible
- Interest earned is tax deferred until withdrawn
- Contributions from income earned may be made at any time (beginning in 2020)
- Distributions must begin by age 70 ½ (if age reached in 2019) or age 72 (if reached age 70 ½ in 2020 or later)
- Contributions can be made even if you are currently enrolled in a qualified employee pension plan and may be made at any age
- Contributions will always grow tax-free
- Distributions are tax and penalty free once you have reached age 59 ½ and have been in the plan for at least 5 years
- There are no required minimum distributions at age 70 ½ or age 72
- A traditional IRA may be converted to a ROTH