Banking AccountsIndividual Retirement Accounts
Contact Us
 | Email Us |
 | 800-990-5713 |
 | Branch Locations |
A Castle Bank Individual Retirement Account, or IRA, is one of the best ways to invest money over the long term. With an IRA account, your funds are invested in certificates of deposits with fixed or variable terms that are FDIC insured.
All of our IRAs offer competitive rates and terms - plus, each IRA has its own tax advantages.1
Traditional IRAs
These IRAs are available to individuals under the age of 70 1/2 with earned income within the Modified Adjusted Gross Income (MAGI). Up to $5,000 of your income can be contributed, and your contributions may be tax-deductible.1
Note: If you are 50 years or older, you may contribute up to $6,000.
Roth IRAs
These IRAs are available to individuals with earned income with the Modified Adjusted Gross Income (MAGI) - regardless of age. Up to $5,000 of your after-tax income can be contributed, and your contributions benefit from tax-free growth.1
Note: If you are 50 years or older, you may contribute up to $6,000.
1Consult your tax advisor regarding potential tax savings.
