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CW IRA Accounts

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CommunityWide offers a variety of accounts and tools that can help you meet your future financial needs. The sooner you start saving for retirement, the more secure your financial future will be. Getting started is easy. With an opening deposit for $2,000 you can take the first step toward building your nest egg. Not sure which IRA is right for you?

Check out the details below to decide which IRA type makes the most financial sense for you:

Traditional IRA benefits:

If you'd prefer to pay taxes on your retirement now instead of later we recommend a Roth IRA.

Roth IRA benefits:

What do I need to open an IRA?

Common Mistakes with IRA Rollovers

For additional details on rollovers, check out this resource provided by the IRS

IRA - Quarterly
Average
Daily
Balance
Daily
Savings
Minimum
balance
to open
Min. Balance
to Earn
Dividends
Dividends
earned
each
Dividends
paid at end
of each
No penalty
withdrawal
period
Withdrawal
penalty
on amount
$500 to 999 0.00% APY $2,000.00 $2,000.00 Day Month Any time None
$1,000 to 1,999 0.00% APY $2,000.00 $2,000.00 Day Month Any time None
$2,000 to 9,999 0.70% APY $2,000.00 $2,000.00 Day Month Any time None
$10,000 & more 0.70% APY $2,000.00 $2,000.00 Day Month Any time None

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