FDIC-insured fixed and variable rate Certificates of Deposit to establish IRA.
Community First Bank-Chicago offers Traditional and Roth IRAs.
In Addition:
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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)
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Penalties for early withdrawal
- 12 months or less = 90 days interest
- Over 12 months = 180 days interest
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