A Traditional, Roth or SEP IRA at Commerce National Bank is flexible and safe. Choose from several methods of contribution, and you can roll over assets from another pension or retirement plan, while maintaining tax-deferred status on your funds in most cases. A Commerce National Bank IRA can provide additional tax benefits. Be sure to consult your tax professional before investing.
|Term||32 Days - 5 Years|
|Min. to Open||$25|
|Partial Withdrawls Allowed **||Yes|
|Early Withdrawal Penalty*||1/2 interest for full term. 32 day term - full interest.|
|Interest Compounding||at maturity / annual|
|Interest Calculation Method||simple|
|Renewals / Grace Period after Maturity to withdraw without Penalty||Automatic Renewal 10-Day Grace Period|
Contact a Personal Banker for additional information.
* Additional penalties may be applicable as required by the IRS.
** Partial withdrawals may be permitted without penalty for IRA owners aged 59½ and older.