Build and grow your savings
Save for short- or long-term goals with a competitive and guaranteed interest rate – With terms ranging from 7 days to 5 years, you can decide the length of time that’s best for meeting your current financial goals.
Certificates of Deposit
Offering Certificates of Deposit in a wide range of maturities. What’s the rate? Find out and discover the benefits
No matter your age, looking towards the future can never hurt. When you are first settling into a career, the idea of retirement may just be a fleeting thought in the back of your mind, but as the years go by, it should make its way higher and higher up the list of priorities. The best way to plan for retirement is to not let it sneak up on you, and plan ahead so that you can live comfortably as an older adult.
You can save on your present taxes with an Individual Retirement Account, by deducting your qualified contributions from your taxable income. Depending on your situation, you may be able to deduct all or part of their IRA contributions from current income taxes. The deductible amount depends on your income, marital status, and whether you’re an active participant in an employer-sponsored plan as defined by the Internal Revenue Service.
An Individual Retirement Account is a smart way for you to save for a secure retirement. For more information, speak with one of Financial Service Specialists today.
If You’re Changing Employers, an IRA Rollover Makes Sense. If you are retiring or changing jobs and anticipate withdrawing money from your employer’s retirement plan, you may find yourself in a tax bind, unless you roll over your assets into an IRA or another qualified plan. For more information about IRA Rollovers or opening a new IRA just return the Investment Account Application below or give us a call.
You must complete the rollover within 60 days from the date you receive the assets from your old IRA in order to qualify and not pay the mandatory 20% withholding and possibly other penalties as well. For more information about IRA Rollovers or opening a new IRA give us a call at 678-406-4000.
Citizens Trust Bank offers nondeductible accounts that feature tax-free withdrawals for certain distribution reasons after a five-year holding period.
For your child’s higher education expenses, Citizens Trust Bank offers an IRA with tax-free and penalty-free distributions from a nondeductible account.
Citizens Trust Bank Investment Account Application