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Home Personal Accounts Individual Retirement Accounts
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Prepare for the Road Ahead

Whether you choose a Traditional or Roth option, an IRA is an excellent savings decision. Keep your money earning interest without being routinely chipped away by taxes. The closer you get to retirement, the more money you can contribute to your interest-gaining IRA. See a County Bank representative to open your IRA today.

IRA
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IRA Benefits and Features

  • Competitive interest above standard savings rates*
  • Traditional and Roth IRA options
  • No setup fees
  • No monthly or annual maintenance fees
  • No minimum deposit to open
  • $5,000 contribution limit per year
  • Additional $1,000 "catch-up" contribution allowed for ages 50+

 

Traditional IRAs vs. Roth IRAs

Traditional IRA

  • No income limits to open
  • No minimum contribution requirement
  • Contributions are tax deductible on state and federal income tax*
  • Earnings are tax deferred until withdrawal (when usually in lower tax bracket)
  • Withdrawals can begin at age 59 ½
  • Early withdrawals subject to penalty**
  • Mandatory withdrawals at age 70 ½

 

Roth IRA

  • Income limits to be eligible to open Roth IRA***
  • Contributions are NOT tax deductible
  • Earnings are 100% tax free at withdrawal*
  • Principal contributions can be withdrawn without penalty*
  • Withdrawals on interest can begin at age 59 ½
  • Early withdrawals on interest subject to penalty**
  • No mandatory distribution age
  • No age limit on making contributions as long as you have earned income

 

*Subject to some minimal conditions. Consult a tax advisor.

**Certain exceptions apply, such as healthcare, purchasing first home, etc.

***Consult a tax advisor

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    • Checking
      • eZ Cash
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      • Basic Checking
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      • eZ Saver
      • Savings Account
      • Health Savings Account
      • Club Accounts
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    • Money Market Account
    • Certificates of Deposit
    • Individual Retirement Accounts
    • Back
  • Business Accounts
    • Checking
    • Savings
    • Money Market
    • Certificates of Deposit
    • Business Management Services
      • Business Online Banking
      • Remote Deposit Capture
      • Business ACH Manager
      • Merchant Services
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    • Consumer Loans
      • Home Mortgage Loans
      • Construction Loans
      • Auto Loans
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      • Commercial Real Estate Loans
      • Operating Lines of Credit
      • Equipment Loans
      • SBA Loans
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    • Agriculture Loans
      • Operating Loans
      • Equipment Loans
      • Livestock Loans
      • Agricultural Real Estate Loans
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    • Additional Resources
      • Application Center
      • Quickbooks®
      • Quicken®
      • Reorder Checks
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    • Online Services
      • Online Banking & Bill Pay
      • Mobile Banking
      • PopMoney
      • eStatements
      • Back
    • Card Services
      • MoneyPass® ATM Network
      • Personalize Your Card
      • Instant Issue Debit Card
      • Credit Cards
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    • Calculators
    • Education
      • Product Demonstrations
      • Fraud & Identity Theft Education
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