Traditional IRA

(760) 243-2140

Find a Branch

IRA certificates of deposit:

Require a $500 minimum deposit to open
Offer terms from seven days to 24 months
Provide a 10-day grace period
Low annual fee of $5 per IRA account
Grant distributions penalty-free if you are over the age of 59½
Folds interest credited to the account into the principal for the next term when it’s time for renewal

An IRA savings account:

Appeals to those who want to save for retirement a little at a time
Require an initial deposit at the time the account is established
Low annual fee of $5 per IRA account
Pays interest monthly
Offers 24-hour telephone banking
Allows you to view principal and paid interest online when you open a checking, money market, or savings account

Visit a local branch

INFORMATION TO NOTE:

Please visit your nearest Desert Community Bank branch to learn more about IRAs.

You must be under age 70½ and you, or your spouse, must have earned income to enroll in a Traditional IRA. Your contributions may be tax deductible. Withdrawals from Traditional IRAs before age 59 1/2 may be subject to taxes at your current rate, a 10% federal additional tax, and possible state tax. Please consult a tax or legal expert for advice before making contributions, withdrawals or other investment decisions. For Traditional IRA CDs, we may assess fees for withdrawals before the maturity date. For Traditional IRA Savings, a $50 initial deposit is required to open the account. Fees may reduce earnings. Accounts will be FDIC insured up to the maximum amount allowed by law.