It is never too early to start planning for your future.  Benefit from our tax-advantage accounts to help you reach your financial objectives. Investing your Individual Retirement Arrangement (IRA) funds into a bank Certificate of Deposit (CD) could be a great way for you to diversify your retirement funds.

CNB St. Louis Bank IRA CDs have many advantages:

  • Competitive Rates - make the most of your retirement funds by earning competitive interest rates and annual percentage yields based on amount invested and term.  See our current rates.
  • Flexibility– Chose from a wide variety of fixed rate CD terms, or benefit from our variable rate IRA CD
  • Safety – CNB St. Louis Bank is a member of the Federal Deposit Insurance Corporation (FDIC), so all IRA deposits are insured up to $250,000.

Roth IRA vs. Traditional IRA?

An IRA is a tool used for long-term savings, such as retirement, with a built-in tax benefit.  There are two types of IRAs:
  • Traditional IRA:  A traditional IRA is designed to provide a tax benefit when the funds are placed in the IRA.  
  • Roth IRA:  A Roth IRA is designed to provide a tax benefit when the funds are withdrawn from the IRA.
To learn more about the similarities and differences of these two types of IRAs, check out the IRS website.