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Individual Retirement Accounts (IRAs)

Moving you towards a more secure retirement

Individual Retirement Account (IRA) CDs are a safe, tax-advantaged investment option that can help you build savings for retirement. Ideal for risk-averse investors, IRA CDs offer a guaranteed rate of return and higher yields than traditional savings accounts.

Tax-deferred earnings

Earnings on Traditional and Roth IRAs are tax-deferred.

Reduce current taxes

Your IRA contribution may be tax deductible (consult your tax advisor).

Faster savings growth

Non-taxable earnings grow faster than a taxable investment with the same yield.

Qualified penalty-free distributions

You may be eligible for a penalty-free distribution prior to age 59 - 1/2.

Cathay Bank

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