Clackamas County Bank offers Individual Retirement Accounts (IRAs) designed to help you enjoy tax savings and build security for your retirement. IRAs are among the best tax-saving tools available, allowing your investment to grow tax-deferred. You won't pay taxes on the interest earned until you make a withdrawal, enabling your money to grow faster than with similar investments.
Key Features:
- Tax-Deferred Growth: Invest in an IRA and benefit from tax-deferred growth, with taxes on earned interest deferred until withdrawal.
- CD Investment Options: IRA customers can invest in most regular Certificates of Deposit (CDs) at a fixed rate, with terms of 1.5 years or longer.
- Variable Rate CDs: 18-month CDs are available with variable rates. The interest rate and annual percentage yield may change monthly, based on the yield of one-year Treasury Securities as published in the Wall Street Journal.
- Additional Contributions: You can make additional contributions to your IRA, within IRS limits.
- Consistent Terms and Conditions: All other terms and conditions align with our regular Certificates of Deposit.
Choose Clackamas County Bank for your IRA needs and secure a more prosperous retirement with one of the best tax-saving tools available.
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