Earn Long-Term Interest On Your Money
BCB Community Bank offers a wide variety of CDs and IRAs to match your needs.
|Account||Minimum Opening Deposit||Interest Rate||Annual Percentage Yield|
Tax-deferred Individual Retirement Accounts (IRAs) are excellent for preparing for retirement. BCB offers Traditional and Roth IRAs which provide tax-deferred savings, allowing your retirement savings to grow. We also offer tax-deferred Educational IRAs for your future education needs.
With FDIC insurance up to $250,000 and free and flexible distribution options, IRAs are a great way to fund your retirement savings plan. Whether you want a Traditional, Roth, or Education IRA, BCB will help you plan successfully while maximizing your tax-free savings.
|Tax-Deferred IRAs Details|
|Minimum Term||12 Months|
|Minimum Deposit Required to Open An Account||$500.00|
|Minimum balance to obtain
Annual Percentage Yield
|Early Withdrawal||IRS may impose additional penalties for early withdrawals|
Annual percentage yield assumes interest remains on deposit, withdrawals of interest will reduce earnings.
The interest for your account will be paid at maturity automatically, renewing at its maturity date.
*Except for the 42 month IRA - See a representative for details.
You will have seven calendar days from maturity date to withdraw your funds or your certificate will automatically rollover.
If any deposit is withdrawn before the maturity date, a penalty is applied. A loss of three months interest on Certificates of Deposit with maturities under 12 months and a loss of 6 months interest on all Certificates of Deposit with maturities of 12 months and over.
Additional deposits can be made in increments of $500 or greater on Certificate of Deposits with some exceptions. See a representative for details.
Increments of $100 or greater are allowed on any IRA term as long as the account doesn't exceed yearly contribution limit.
Fees could reduce earnings on the account.
Other IRA terms are available.
Penalties may be applied for early withdrawal.