IRA | ROTH IRA | SEP IRA

BUILD THE RETIREMENT OF YOUR DREAMS

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IRA FEATURES & BENEFITS

Tax Benefits

Enjoy a break on taxes either when you contribute or when you withdraw depending on the IRA you choose.

Higher Returns

Reach your retirement goals faster with higher returns than most saving solutions.

An array of retirement accounts with varying terms and rate options can help build a retirement plan to support your unique needs.

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ROTH IRA VS. TRADITIONAL IRA VS. SEP IRA

Featureroth iRATRADITIONAL IRASEP IRA
Tax Deductible
Contributions
NOYESYES
Tax-Advantaged
Withdrawals
YESNONO
Tax-Advantaged
Growth
YESNONO
Employer
Contributions
NONOYES
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WHAT IS AN IRA?

A Traditional IRA is a special tax-deferred savings account in which earnings are not taxed until you begin to withdraw from it. A traditional IRA allows for tax-deductible contributions for most people. 

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WHAT IS A ROTH IRA?

A Roth IRA is a retirement solution that allows you to contribute after-tax dollars. While there are no tax deductions for your contributions, your withdrawals and earnings are not taxed as long after age 59 ½ if your account has been open for at least five years.

 

It’s never too early to start planning for retirement. You can contribute to a Roth IRA at any age. If you meet the modified adjusted gross income requirements. Explore maximum contribution amounts and tax advantages or if you’re ready to open an account, apply online today! 

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WHAT IS A SEP IRA?

A SEP IRA is a written agreement under which an employer contributes money to their employees’ Traditional/SEP IRA. Once funds are contributed, it becomes the responsibility of the employee to manage their IRA investments. This is a great choice for an employer or self-employed person looking for an inexpensive and easy-to-administer retirement plan.

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Competitive Rates

Rate Effective Date: October 11, 2024

Terms Interest RateAnnual Percentage Yield (APY)
3-Month (91 Days)0.10%0.10%
6-Month (182 Days)0.10%0.10%
9-Month (273 Days)0.40%0.40%
1-Year3.75%3.82%
2-Year3.50%3.56%
3-Year3.25%3.30%
4-Year3.25%3.30%
5-Year3.25%3.30%

Minimum balance to earn the Annual Percentage Yield (APY) is $500. No withdrawals permitted within the first six (6) days after the date of deposit. A penalty will be imposed for early withdrawal. Fees could reduce earnings on the account

INVEST IN YOUR FUTURE

IRA CALCULATORS

Start your journey to retirement today. Calculate your retirement contributions and compare account options with free retirement savings calculators.

RETIREMENT MADE SIMPLE

RA, ROTH IRA, AND SEP IRA RESOURCES

Build your nest egg with retirement solutions tailored to your needs.

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FINDING YOUR SOLUTION

IRA FAQs

How are my deposits insured?

All deposits are insured through the combined coverage of the FDIC (Federal Deposit Insurance Corporation) and the DIF (Depositor’s Insurance Fund). Under the FDIC, the standard insurance amount is $250,000 per depositor, for each ownership category. As a depositor in this bank, all of your deposits and accrued interest are insured in full without limit or exception. All deposits above the FDIC limit are insured in full by the Depositors Insurance Fund.

There has been a lot in the news lately about deposit insurance and bank safety. This question and answer section is to provide you with useful information about the safety and security of your funds at Country Bank. You can be confident that Country Bank is in a strong financial position and your interests are safe. In fact, the deposits of Country Bank customers are backed by the Federal Deposit Insurance Corporation (FDIC) to the maximum extent allowed by law. Additionally, the Depositors Insurance Fund insures all deposit amounts above FDIC limits in full.

LEARN MORE: FDIC

LEARN MORE: DIF

The combination of FDIC and DIF insurance provides Country Bank customers with full deposit insurance on all their deposit accounts. If you need more information or would like to discuss your accounts, please visit any of our branches or contact our Customer Care Center at 800-322-8233.

Do all banks provide DIF insurance coverage?

No. While there are other “excess” deposit insuring entities, only Massachusetts chartered savings banks (and one federal savings bank) provide the additional protection of DIF insurance. For additional information visit the DIF website.

How financially strong is the DIF?

No depositor has ever lost any money in a bank insured by both the FDIC and the DIF. The DIF has more than $300 million dollars in assets, plus an additional $100 million of reinsurance.

HOW CAN WE HELP YOU

CUSTOMER SERVICE

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Locations

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FAQs

Elevate your understanding with answers to our most common questions.

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Contact Us

Connect with your local banker by giving us a call or sending an email.

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SKIP THE TRIP

MOBILE BANKING

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24/7 Access

Manage your accounts from the palm of your hand whenever it’s convenient for you.

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Mobile Deposit

Deposit checks with the snap of a photo.

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Transfer Money

Easily transfer money between your accounts or over to a friend or family member straight from the Mobile App.