The Bank of Commerce
Deposit Accounts

Individual Retirement Accounts (IRA's)

Roth IRA's & Traditional Variable and Fixed Rate IRA's
            (IRA's for 18-48 months only, special's not available for IRA's)

IRA (Self Directed) You choose how you want to invest your money inside or outside of The Bank of Commerce. These IRAs are available thru the Trust Department at the 375 N Yellowstone Ave office. (Some self directed IRA products may not be FDIC insured++)

+Variable rates may change after account opening.
++Non-banking products are not FDIC insured, not guaranteed by the bank, subject to loss of principle

IRA's allow you to invest in your future or that of a loved one. The Bank of Commerce offers several plans: Traditional, Roth, Educational (CESA) and Self Directed IRA's.

Retirement Calculator

Traditional IRA

A Traditional IRA allows you to defer taxes on your earnings until they are withdrawn. Certain contributions are tax deductible* in the tax year for which they are made.

  • $100 minimum deposit
  • Deposit additional funds anytime (up to the annual limit allowed by law)
  • Choose if you want a variable rate or a fixed rate with a longer term
  • Current rates and terms

* Consult your tax advisor or connect to the IRS website for complete information on retirement accounts.

Roth IRA

The Roth IRA is a nondeductible account that features tax-free withdrawals for certain distribution reasons after an initial holding period. Since Roth IRA contributions are nondeductible and taxed in the year they are earned, people who expect to be in a higher tax bracket when they retire may benefit more from these accounts than from a traditional IRA.*

  • $100.00 minimum deposit
  • Deposit additional funds anytime (up to the annual limit allowed by law)
  • Current rates and terms

* Consult your tax advisor or connect to the IRS website for complete information on retirement accounts.

Coverdell Education Savings Account (Education IRA)

The Coverdell Education Savings Account is a nondeductible account that features tax-free withdrawals for a very specific reason, a child's education expenses. Qualified education distributions from a Coverdell Education Savings Account are penalty-free and tax-free.*

  • $100 minimum deposit
  • Deposit additional funds anytime (up to the annual limit allowed by law)
  • Current rates and terms

* Consult your tax advisor or connect to the IRS website for complete information on retirement accounts.

Self Directed IRA's

The Bank of Commerce Trust Department can handle your Retirement Plans with a Self Directed IRA. We can act as agent for your qualified retirement plan.

  • Profit sharing
  • 401(k)
  • Traditional IRA
  • Sep IRA
  • Roth IRA
  • Simple IRA

A Self-Directed IRA allows you to choose a large variety of investments inside or outside of The Bank of Commerce. Non-Bank products are: not FDIC insured, not guaranteed by the Bank, subject to loss of principle.

 
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