An IRA Rollover Account is for distributions from employer-qualified retirement plans and is also known as a "Conduit IRA," since this IRA allows you to preserve your right to roll over your savings into another employer-sponsored retirement plan at some later date.
- Any earnings grow tax-deferred
- Distributions are generally taxable in the year they are received
A minimum of $500.00 is needed to open an IRA with the following terms:
- 13 month fixed
- 18 month fixed
- 30 month fixed
| We also offer an 18 month variable certificate which can be opened with as little as $100.00. This CD accepts additional deposits of $100.00. The interest rate is subject to change. |
Citizens Bank also offers 401K Rollover Accounts,
call us today at 888-645-4121 for more details.
