Individual Retirement Account (IRA)

At California Bank & Trust, we offer Individual Retirements Accounts as a convenient way to save for retirement and earn interest on the funds you’ve deposited. Whether you’re planning well in advance or are managing your retirement funds for liquidity over a shorter term, we have savings options that can meet your needs.

IRA Certificate of Deposit (CD)

  • $1,000 minimum opening deposit.
  • Term: 28 days to 60 months or more.
  • $15 annual maintenance fee per plan holder.
  • Interest compounded daily.
  • Early withdrawal penalty applies.1

IRA Money Market2

  • $100 minimum opening deposit.
  • $15 annual maintenance fee per plan holder.
  • Interest compounded daily.
  • Early withdrawal penalty applies.1

1. Early withdrawal penalty applies to withdrawal of funds before maturity, if you are not eligible to begin receiving plan disbursements. This information is intended as an overview of our personal deposit accounts and related services. Complete disclosure of terms and service charges are available at any CB&T branch office and will be provided at account opening.

2. Individual Retirement Account (IRA) Money Market - Federal banking regulations allowed you six (6) withdrawals by check, debit card, or preauthorized, telephone, or computer transfer to another account or third party during a monthly statement cycle. However, you may make an unlimited number of withdrawals from your account in person, by ATM, or by mail. The excessive withdrawal fee is assessed if you exceed your withdrawal limits during a monthly statement cycle. If the above limits are exceeded three (3) times in a twelve (12) month period, the account will be closed or changed to a different type of account. See the Service Charge Information brochure for fee information.