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.
Here’s what you need to open an account:
- $500 minimum opening deposit for terms over 30 days or over; otherwise $2,000 for 15 to 29 day terms.
- Term: 15 days to 60 months or more.
- $15 annual maintenance fee per plan holder.
- Interest compounded daily.
- Early withdrawal penalty applies.*