(316) 634-1600EMAIL USLOCATIONS PERSONAL BANKING ▾ BUSINESS BANKING ▾ BORROWING ▾ ONLINE BANKING ▾ RESOURCES ▾ LOG IN Individual Retirement Accounts PLAN FOR YOUR RETIREMENT Tax- Future IRAs can provide tax-advantaged savings Competitive Rates Investment options – you choose when, where and how much Feel safe with the security of FDIC insurance Contributing to an IRA will fulfill a part of your overall financial plan “Catch-up Provisions” for those already 50+ giving increased contributions IRA Certificates Of Deposit Effective Date: 12/1/2021 Interest Rate Annual Percentage Yield (APY) 12 Months* 0.50% 0.50% 24 Months* 0.60% 0.60% 36 Months* 0.70% 0.70% 48 Months* 0.75% 0.75% 60 Months* 0.85% 0.85% View interest rate details. IRA (Individual Retirement Account) Invest pre-tax dollars in your retirement fund Take a deduction every year (depending on income) Compound tax-free. All dividends and capital gains are tax-deferred until withdrawn Withdraw up to $10,000 at any time to purchase a first home. Funds withdrawn are taxable but there’s no penalty for early withdrawal Benefits Choose to invest in a 12-month, 24-month, 36-month, 48-month, or 60-month Certificate of Deposit At retirement, you can automatically transfer your distributions directly into your checking or money market account Roth IRA All contributions are after taxes (therefore not tax deductible), but distributions at retirement are fully tax-free. This means you pay no capital gains on whatever you’ve earned over the years.(1) To achieve tax-free status, all you have to do is be within the income limit, keep your IRA at least 5 years, and be 59 1/2 years old at the time of withdrawal. Your investment is dependent on your adjusted gross income.(2) Principal and dividends are tax-free on withdrawals (if IRA has been in place for 5 years and owner is at least 59 1/2 years of age) Up to $10,000 may be withdrawn, tax-free, for the purchase of your first home Unlimited funds may be withdrawn for qualified education expenses for you, your spouse, child and grandchild You do not have to begin making withdrawals at any certain age Contributions are not tax-deductible Benefits You may choose to invest in a 12-month, 24-month, 36-month, 48-month, or 60-month Certificate of Deposit When you retire you are able to automatically transfer your distributions directly into your checking or money market account Account Custodial Agreement and Disclosure Statement (1)Contributions to a Roth IRA are nondeductible and are subject to certain limitations. Tax-free status is achieved when distributions are taken from the Roth IRA if it is held at least 5 years and the distribution is made for one of the following reasons: after age 59 1/2, on account of disability or death, or for a qualified first-home purchase. (2)Individuals with earned income and modified adjusted gross income of less than $110,000 for single tax filers and $160,000 for married filing jointly. Interest rates subject to change at bank’s discretion. The rate you receive is determined by the date we receive your deposit. Early withdrawal fees do apply, and as such may reduce earnings. Note: Community Bank does not offer tax advice and suggests that you consult with your tax advisor to determine which IRA is the best investment for your specific situation. Service fees or penalties charged against the account may reduce earnings. Main Bank 11330 E. 21st St Wichita, KS 67206 (316) 634-1600 customerservice@communitybankwichita.com Haysville Branch 371 N Main Haysville, KS 67060 (316) 554-8500 Hours Drive-Thru Monday – Friday: 7:30 am – 6:00 pm Saturday: 9:00 am – Noon Lobby Monday – Thursday: 9:00 am – 5:00 pm Friday: 9:00 am – 6:00 pm Saturday: 9:00 am – Noon Helpful Links About Personal Checking Business Checking Home Loans Business Loans Online/Mobile Banking Privacy Policy Funds Availability IF YOUR CARD IS LOST OR STOLEN AFTER HOURS, CALL 1-800-383-8000. IF YOU SUSPECT FRAUD ON YOUR DEBIT CARD AFTER HOURS, CALL 1-855-219-5399 COMMUNITY BANK IS - AN EQUAL HOUSING LENDER - A MEMBER FDIC REGARDING OTHER WEBSITES COMMUNITY BANK OF WICHITA IS NOT RESPONSIBLE FOR AND HAS NO CONTROL OVER THE SUBJECT MATTER, CONTENT, INFORMATION, OR GRAPHICS OF THE WEB SITES THAT HAVE LINKS HERE. PLEASE CONTACT US WITH ANY CONCERNS OR COMMENTS. Created with SpaceCraft