Invest in tomorrow, today.
IRAs are about saving and creating a future filled with possibility. Whether it’s for you or someone close, our IRA plans give you the tools to invest confidently.
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Details
Traditional IRA
- $100 minimum deposit.
- The option to deposit additional funds anytime (up to the annual limit allowed by law).
- Options for either a variable rate or fixed rate (with a longer term).
Variable rates may change after account opening. There may be a substantial penalty for early withdrawal.
Roth IRA
- $100.00 minimum deposit.
- The option to deposit additional funds anytime (up to the annual limit allowed by law).
Coverdell Education Savings Account (Education IRA)
- $100 minimum deposit.
- The option to deposit additional funds anytime (up to the annual limit allowed by law).
Self-Directed IRA
Types include:
- Profit sharing.
- 401(k).
- Traditional IRA.
- SEP IRA.
- Roth IRA.
- Simple IRA.
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FAQs
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What is a Traditional Roth 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A Traditional IRA allows you to defer taxes on your earnings until they are withdrawn.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.
What is a 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.*
What is an 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.*
What is a Self Directed IRA?
The Bank of Commerce Trust Department can assist with your retirement plans with a Self-Directed IRA. A Self-Directed IRA allows you to choose from a variety of investments inside or outside of The Bank of Commerce. We can act as agent for your qualified retirement plan.
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Get Started
We’ll take care of the details, so you can enjoy smarter, more convenient banking.
*Consult your tax advisor or connect to the IRS website for complete information on retirement accounts.
Non-Bank products are not FDIC insured, not guaranteed by the Bank and subject to loss of principal.
Enjoy More Moments at Home
Banking that is so easy, you can do it from your couch.
Use this calculator to determine your projected earnings from our Kasasa Cash account. Move the sliders or type in the numbers to see your potential rewards.
- Estimated Annual Rewards $0
- Estimated monthly interest earned* $0
- Monthly ATM fees refunded**$0
This calculator compares the costs of buying or leasing a vehicle. There are three sections to complete, and you can adjust and experiment with different scenarios.
- Net cost of buying $0
- Net cost of leasing $0
A fixed-rate, fixed-term CD can earn higher returns than a standard savings account. Use this calculator to get an estimate of your earnings. Move the sliders or type in numbers to get started.
- Total value at maturity $0
- Total interest earned $0
- Annual Percentage Yield (APY)0.000%
Whether it's a down payment, college, a dream vacation...a savings plan can help you reach your goal. Use the sliders to experiment based on length of time and amount per month.
- Monthly deposit needed to reach goal $0
This calculator can help you get a general idea of monthly payments to expect for a simple loan. Move the sliders or type in numbers to get started.
- Estimated monthly payment $0
- Total paid $0
- Total interest paid $0
CD Plus
| CD Plus - $200 min add on – no penalties waived – other banking relationship required (all rates APY*) |
|
|---|---|
| 180 days | 4.05% |
| 11 month | 3.65% |
* Annual Percentage Yield. Rates are subject to change. There may be a substantial penalty for early withdrawal. Fees may reduce earnings on these accounts. Minimum balance may be required to open account. See account details for more information.
CDs
| Certificates of Deposit $500 minimum to open (all rates APY*) |
|
|---|---|
| 90 days | 3.00% |
| 9 month | 3.35% |
| 12 month | 3.15% |
| 18 month | 2.75% |
| 24 month | 2.50% |
| 36 month | 1.25% |
| 48 month | 1.00% |
* Annual Percentage Yield. Rates are subject to change. There may be a substantial penalty for early withdrawal. Fees may reduce earnings on these accounts. Minimum balance may be required to open account. See account details for more information.
Deposit Interest Rates
| Deposit Interest Rates | APY*) |
|---|---|
| Money Market account – up to $49,999.99 | 0.95% |
| Money Market account- $50,000.00 and over | 2.35% |
| Now account - $0 - $2,499 | 0.10% |
| Now account - $2,500 + | 0.15% |
| Health Savings account - $0 - $2,499 | 0.40% |
| Health Savings account - $2,500 + | 0.45% |
| $mart Cents savings - $0 - $5,000 | 3.50% |
| $mart Cents savings - $5,000 + | 0.45% |
| Savings | 0.45% |
| e-Savings | 0.45% |
| Idaho Medical Savings account | 0.45% |
* Annual Percentage Yield. Rates are subject to change. Fees may reduce earnings on these accounts.
Minimum balance may be required to open account. See account details for more information.
IRAs
| Individual Retirement accounts (IRAs) – deposits allowed (all rates APY*) |
|
|---|---|
| 18 month variable | 0.90% |
| 18 month | 2.75% |
| 24 month | 2.50% |
| 36 month | 1.25% |
| 48 month | 1.00% |
* Annual Percentage Yield. Rates are subject to change.There may be a substantial penalty for early withdrawal. Fees may reduce earnings on these accounts. Minimum balance may be required to open account. See account details for more information.
Kasasa Saver*
| Balance | Minimum Opening Deposit | Rate | APY |
|---|---|---|---|
| 0 - $15,000 | $x | 0.00% | 0.00% |
| $15,000+ | $x | 0.00% | 0.00% |
| All balances if qualifications not met | $x | 0.00% | 0.00% |
Qualifications
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