An IRA at Commerce National Bank is flexible and safe. Choose from several methods of contribution, and you can roll over assets from another pension or retirement plan, while maintaining tax-deferred status on your funds in most cases. A Commerce National Bank IRA can provide additional tax benefits. Be sure to consult your tax professional before investing.
|Term||One to Four Years|
|Min. to Open||$1,000|
|Partial Withdrawls Allowed||None|
|Early Withdrawal Penalty*||90 days for accounts opened 1 year - 18 months
180 days for accounts opened 2 years and longer
|Interest Calculation Method||Daily Balance Method|
|Renewals / Grace Period after Maturity to withdraw without Penalty||Automatic Renewal 10-Day Grace Period|
* Additional penalties may be applicable as required by the IRS.