Skip Navigation Chatsworth

Let the competitive rates do the savings for you.

Terms from 3 to 60 months. Fixed rate for the term of the CD.

Peace of mind. Accounts are FDIC-insured up to the maximum applicable limit.

Deposit amount $1,000+

Term Length Annual Percentage Yield (APY)
3-month 0.25%
6-month 0.25%
9-month 1.00%
12-month 0.50%
18-month 2.07%
24-month 0.40%
36-month 2.22%
48-month 0.70%
60-month 0.75%



IRA certificates of deposit (CDs).

Traditional or Roth? Choose an account that suits your needs.

Tax-advantaged. Get tax benefits based on the type of IRA you choose.

Peace of mind. Accounts are FDIC-insured up to the maximum applicable limit.

IRA CD Rates and Terms, Deposit Amount: $1,000+

Term Length Annual Percentage Yield (APY)
3-month 0.25%
6-month 0.25%
9-month 1.00%
12-month 0.50%
18-month 2.07%
24-month 0.40%
36-month 2.22%
48-month 0.70%
60-month 0.75%

IRA plans.

Find the best IRA plan with the right features for your needs. CBC does not offer tax advice, please consult your tax professional.

Roth IRA Traditional IRA
Consider If

You're interested in both tax-free growth and withdrawals. Roth IRA contributions are not tax-deductible.

You prefer your money to grow tax-deferred until you withdraw it in retirement. In many cases, your contributions are tax-deductible in the year they are made.

Contribution Eligibility

Any age with taxable compensation

Anyone under age 70½ with taxable compensation

Maximum Contribution Limits

Contribution Limits for 2019:
$6,000 if under age 50
$7,000 if age 50 or older
These contribution limits apply to Single filers with income of $122,000 or less or Joint filers with income of $203,000 or less.
As income levels increase above these limits, tax deductions for eligible contributions may be reduced. Consult with your tax professional.

Contribution Limits for 2019:
$6,000 if under age 50
$7,000 if age 50 or older
Income levels do not affect contribution limits for Traditional IRAs; however, your income may affect the amount you can deduct.

Tax Deductions

Contributions are not deductible

Depends on:
Your earnings
Whether you participate in an employer's retirement plan
Your filing status
If you receive Social Security Benefits

Tax Advantages

Tax-free when you take distributions

Pay no taxes until you take distributions

Distributions

Distribution of an original contribution is always tax and penalty free.
Any earnings and conversion dollars (from other retirement plans) are tax free after the IRS' 5 year aging requirement has been met AND you are 59½ or older; otherwise, you could incur a 10% penalty.

Taxable
May include a 10% penalty if made before age 59½

Required Minimum Distributions

Not required

Mandatory at age 70½

Annual Deadline for Contributions

The deadline for filing your annual tax return.

The deadline for filing your annual tax return.

CBC does not provide tax advice. Please consult your tax advisor for actual advantages and any potential tax implications before establishing or making contributions to an IRA.