Individual Retirement Accounts

Individual Retirement Accounts (IRA)**

The tax-deferred retirement savings plan offering fixed and variable rates.

Minimum Initial Deposit: $500
Maintenance Fee: $25 annual administrative fee
Waived with Balance of: N/A
Limitations: Early withdrawal terms and conditions may apply. Contact a Community Bank Business Center for more information.
Interest Terms: Fixed Interest Rate Time Deposits:

  • Interest rate quoted for the term selected remains constant until maturity. Terms vary. Contact us for additional information.

Variable Rate Time Deposits:

  • Interest rate varies during the term of the deposit. Terms vary. Contact us for additional information.

Interest Calculation:

  • Interest is compounded daily.
  • Interest on deposits may be paid monthly, quarterly, annually or at maturity.
Interest Rate/Annual Percentage Yield: Click here for the most current personal deposit rates.

Roth IRA**

The retirement plan with greater flexibility.

Minimum Initial Deposit: $500
Maintenance Fee: $25 annual administrative fee
Waived with Balance of: N/A
Limitations: Early withdrawal terms and conditions may apply. Contact a Community Bank Business Center for more information.
Interest Terms: Fixed Interest Rate Time Deposits:

  • Interest rate quoted for the term selected remains constant until maturity. Terms vary. Contact us for additional information.

Variable Rate Time Deposits:

  • Interest rate varies during the term of the deposit. Terms vary. Contact us for additional information.

Interest Calculation:

  • Interest is compounded daily.
  • Interest on deposits may be paid monthly, quarterly, annually or at maturity.
Interest Rate/Annual Percentage Yield: Click here for the most current personal deposit rates.

Coverdell Education Savings Account**

Designed for insuring benefits for higher education.

Minimum Initial Deposit: $100
Maintenance Fee: $25 annual administrative fee
Waived with Balance of: N/A
Limitations: Early withdrawal terms and conditions may apply. Contact a Community Bank Business Center for more information.
Explanation of Interest Rate and Interest Payment: 18-month term.
Fixed Interest Rate Time Deposits:

  • Interest rate quoted for the term selected remains constant until maturity. Terms vary. Contact us for additional information.

Interest Calculation:

  • Interest is compounded daily.
  • Interest on deposits may be paid monthly, quarterly, annually or at maturity.
Interest Rate/Annual Percentage Yield: Click here for the most current personal deposit rates.


*The Bank reserves the right to require seven days written notice prior to withdrawal of any funds in this account.
**Consult your tax advisor regarding suitability for your individual needs.

Future Changes – Community Bank reserves the right to make changes in this schedule at any time. Unless changes must be made immediately to comply with a specific law or regulation, the Bank will give such notice as required by laws or regulations.