IRAs from CNB Bank & Trust, N.A.
An Individual Retirement Account is an excellent tool for retirement savings. Depending on the type of IRA you choose, contributions may be tax-deductible and will grow either tax-deferred or tax-free. Contact us for more information about the benefits of IRAs.
IRAs from CNB Bank & Trust, N.A.
An Individual Retirement Account is an excellent tool for retirement savings. Depending on the type of IRA you choose, contributions may be tax-deductible and will grow either tax-deferred or tax-free! Contact a Universal Banker at CNB Bank & Trust, N.A. for more information about the benefits of IRAs.
1Traditional IRA
Allows you to defer taxes on the earnings on your contributions until they are withdrawn. Certain contributions are tax-deductible in the tax year for which you make them.
1Roth IRA
Allows only nondeductible contributions and features tax-free withdrawals. Since Roth IRA contributions are nondeductible and taxed in the year they are earned, if you expect to be in a higher tax bracket when you retire, you may benefit more from a Roth IRA than from a Traditional IRA.
2Self Directed IRAs
Managed IRAs are offered through our Trust Department. Please contact our Wealth Management Group about Self Directed IRAs.
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Ready to Open an IRA?
Our staff is ready help you open an IRA when you are ready. To best assist you with opening an account, please complete a Contact Us form or visit your closest branch.
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Disclosures:
1Minimum Opening Deposit $50.00; Contributions can be made with as little as $10.00 per deposit; IRA rates are subject to change; A $50 fee will be incurred if the IRA is closed for any reason other than death or disability.
2Trust and Wealth Management Services: not a deposit, not FDIC insured, not insured by any Federal Government agency, not guaranteed by the bank, may go down in value.