1

IRA

Successful Your Retirement Plan with COD IRA!

COD IRA offers you a successful retirement plan including interest bearing and tax benefits for your bright and safe future. This product has advantages of fixed interest rate and FDIC insurance protection which can be covered up to $250,000. You can earn interest based on your money and it can be paid by Monthly/Quarterly/Semi-Annually/Annually or at Maturity. COD IRA has Roth IRA and Traditional IRA.

Account holder Individual
Participation Must have earned income,
Must be under age 70 ½
* Contribution Limit $5,500
Catch up $1,000
Contribution Deadline Tax filing deadline (4/15)
RMD Must begin by Required Beginning Date which is April 1 of the year following the IRA owner turning age 70 ½ year
Account holder Individual
Participation Must have earned income,
No age restrictions
* Contribution Limit $5,500
Catch up $1,000
Contribution Deadline Tax filing deadline (4/15)
RMD No required minimum distributions at age 70 ½year

** Your IRA contributions may also be limited based on your filing status and income

Our COD IRA account benefit includes:

  • Minimum opening deposit: $1,000
  • Minimum balance to earn interest: $1,000
  • Interest calculation method: Simple
  • Interest payment cycle: Monthly/Quarterly/Semi-Annually/Annually/At Maturity

All you need to enjoy these benefits is a minimum opening deposit of $1,000. Please visit one of our branches to open one and start enjoying it today.

Other transaction fees or charges may apply. For more information, please click our