Roth IRA
Retire worry free with a Roth IRA because distributions are tax-free! Since a Roth IRA contribution is made with after-tax dollars, no taxes are due when you withdraw the funds at your retirement.

Roth IRAs can also be used as a savings tool for purchasing your first home; up to $10,000 can be withdrawn tax-free on a one-time basis.

Contribute up to $5,000 annually if your Modified Adjusted Gross Income (MAGI) does not exceed $110,000 for single individuals and $160,000 if married, filing jointly. Individuals age 50 or older may be eligible to make an additional catch up contribution of $1,000 per year, as long as they haven't reached their 70½ year

Distributions from a Roth IRA are subject to certain restrictions.

Want to add to your current IRA CD prior to maturity? Tri City National Bank offers an 18-month contributory IRA CD with an option of either fixed or variable rate. Choosing this product will enable you to make additional deposits to your IRA CD throughout the term.

Minimum deposit requirements: $100 for in-person deposits and $50 for electronic deposits.

A $25 transfer fee will be incurred to perform an external transfer of an Individual Retirement Account.

Please Contact Us or Locate Us to speak with a bank representative about opening an account.

To find out how much you can save with a Roth IRA, use our Roth IRA Calculator.