At Community Bank & Trust, we believe that planning for retirement should feel as comfortable as a chat with a trusted neighbor. Our Individual Retirement Accounts (IRAs) are designed to help you create a robust financial future while enjoying tax benefits today.
At CB&T, we believe that planning for retirement should feel as comfortable as a chat with a trusted neighbor. Our Individual Retirement Accounts (IRAs) are designed to help you create a robust financial future while enjoying tax benefits today.
Traditional IRA
$500
Minimum to open
$0
Monthly maintenance fee. Early withdrawal penalties may apply.
Lock in a fixed rate.
Access funds anytime, penalties may apply.
Save more with tax-deferred earnings.
Contributions may be tax deductible.
Pay taxes when funds are withdrawn.
Why Choose Our IRAs?
Local Expertise
Our team understands our community’s unique needs and is here to guide you every step of the way.
Competitive Rates
Your funds are invested in certificates of deposit, continually renewed at market-leading rates.
Flexible Options
Choose from Traditional, Roth, or SEP IRAs to suit your individual situation.
Community Impact
Your investment helps fuel local growth, strengthening our shared future.
Did you know?
According to a 2022 survey, only 7 in 10 workers feel confident about having enough money for a comfortable retirement1.
The power of compound interest means that starting early can significantly boost your retirement savings. Even small, regular contributions grow substantially over time2.
1. Employee Benefit Research Institute. “2022 Retirement Confidence Survey.” EBRI.org, 2022.
2. U.S. Securities and Exchange Commission. “Compound Interest Calculator.” Investor.gov, 2023.
Investment Best Practices
1
Start Early
The sooner you begin, the more time your money has to grow.
2
Contribute Regularly
The sooner you begin, the more time your money has to grow.
3
Diversify
Consider a mix of investment options to balance risk and potential returns.
4
Stay Informed
Attend our community financial education workshops to enhance your retirement planning knowledge.
Let’s Start Your Retirement Plan
Our team is happy to supply additional details, but you may want to consult with your tax advisor for complete tax benefits of an Individual Retirement Account.
Ready to Take the Next Step? Come on by or give us a call.