IRAs

Whether you are just beginning to save for retirement, just a short time away, or already in retirement, Century Bank has an IRA just for you.  Tax-deferred compounding interest is a safe and secure way to save for your future.  Century Bank offers fixed-rate IRAS with competitive rates and an array of maturity dates.  Consult your tax professional regarding eligibility and tax deductibility.

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Traditional IRAs

  • Earn interest on your money that compounds daily and is paid quarterly unless otherwise noted in your IRA agreement
  • Offers tax-deferred earnings
  • Offers potential annual tax deductions
  • Deposits are FDIC insured up to the maximum amount allowed by law

ROTH IRAs

  • Simplified Employee Pension Plan
  • Designed for self employed, small business owners, or employees of small businesses
  • Earn interest on your money that compounds daily and is paid quarterly unless otherwise noted in your IRA agreement
  • Offers tax-deferred earnings
  • Offers potential annual tax deductions
  • Deposits are FDIC insured up to the maximum amount allowed by law

SEP IRAs

  • Simplified Employee Pension Plan
  • Designed for self employed, small business owners, or employees of small businesses
  • Earn interest on your money that compounds daily and is paid quarterly unless otherwise noted in your IRA agreement
  • Offers tax-deferred earnings
  • Offers potential annual tax deductions
  • Deposits are FDIC insured up to the maximum amount allowed by law

CESA Account

  • Coverdell Education Savings Account
  • Excellent way to save for a child’s education
  • Earn interest on your money that compounds daily and is paid quarterly unless otherwise noted in your account agreement
  • Offers tax-exempt withdrawals for qualified education expenses
  • Deposits are FDIC insured up to the maximum amount allowed by law