C1B Individual Retirement Accounts

FDIC-insured fixed and variable rate Certificates of Deposit to establish IRA.

Community First Bank-Chicago offers Traditional and Roth IRAs.

In Addition:
  • Fixed Rate IRA CD – Short Term
    • $1,000 minimum opening balance

    • Fixed terms (up to 1 year)

    • Interest accrues daily, compounded quarterly and/or paid at maturity

    • Automatic renewal (principal plus accrued interest)
  • Fixed Terms (1 to 5 years)
    • $1,000 minimum opening balance

    • Interest accrues daily, compounded quarterly and/or paid at maturity

    • Automatic renewal (principal plus accrued interest)
  • Penalties for early withdrawal
    • 12 months or less = 90 days interest

    • Over 12 months = 180 days interest

Member FDIC © 2010  Community First Bank - Chicago Equal Housing Lender