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Savings You Can Count On For Your Future

Put your hard-earned money to work building a comfortable, secure retirement. Choose the IRA account that’s right for you.

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Features IRA Savings Traditional IRA
Variable & Fixed Rate
Roth IRA
Variable & Fixed Rate
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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IRA account allows you to contribute earned income and defer taxes on contributions and earnings until they are withdrawn Contributions are taxed going into IRA account, but no tax is paid on qualified withdrawals (1)  
Minimum Opening Deposit
$25
(Annual custodial fee of $20)
$500
(Annual custodial fee of $20)
$500
(Annual custodial fee of $20)
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Earnings are tax deferred until withdrawn (1)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Earnings are tax deferred until withdrawn (1)

Contributions are not tax deductible (1)

No taxes paid on qualified withdrawals of earnings  (1)

Allowable Contributors

Limits apply (1)

Limits apply (1)

Individuals with earned income subject to modified adjusted gross income limits 

Limits apply (1)

Withdrawal Information

Limitations apply (1) to regular retirement withdrawals

Please note that withdrawals maybe subject to IRS tax penalties

Limitations apply (1) to regular retirement withdrawals

Please note that withdrawals maybe 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Contributions may be withdrawn at any time without taxation (1)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 the tax filing deadline (usually April 15) (1)  

Deposits to the account are considered “current” year unless you indicate otherwise at time of deposit 

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

Deposits to the account are considered “current” year unless you indicate otherwise at time of deposit 

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

Deposits to the account are considered “current” year unless you indicate otherwise at time of deposit 

Contribution Information
Catch up contributions are allowed

Please consult your tax advisor based on your personal situation
Catch up contributions are allowed

Please consult your tax advisor based on your personal situation
Catch up contributions are allowed

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 may be 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: A penalty may be imposed if funds are withdrawn before maturity. Please consult your tax advisor regarding consequences for Individual Retirement Account contributions and withdrawals. If the account is closed prior to the interest payment period, interest will not be received. Your interest rate and annual percentage yield for your account depends upon the applicable rate. We may change the rate on your variable rate account at any time.

Please note: This information is accurate as of February 1, 2021. Refer to "Understanding Your Deposit Accounts" for terms and conditions and account disclosures. 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. Ask a Banking Center Representative for more information about IRA terms and conditions.