Earn Long-Term Interest On Your Money
BCB Bank offers a wide variety of CDs and IRAs to match your needs.
|Account||Minimum Opening Deposit||Interest Rate||Annual Percentage Yield|
Individual Retirement Accounts (IRAs) are excellent for preparing for retirement. BCB offers both Traditional and Roth IRAs, which can provide either tax-deferred earnings or tax free earnings, 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 decide on a Traditional, Roth, or Educational IRA, BCB will help you plan successfully while maximizing your savings.
|Tax-Deferred IRAs Details|
|Terms Available||12 Months, 24 Months, 36 Months,
48 Months, 60 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|
|Contribution Limits as of Tax Year 2019||$6,000 for under 50 years old, $7,000 for 50 years
old and older
Annual percentage yield assumes interest remains on deposit, withdrawals of interest will reduce earnings.
Annual percentage yield is accurate as of 8/01/2018.
The interest for your account will be paid at maturity, automatically renewing at it's maturity date.
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If any deposit is withdrawn before the maturity date, a penalty may be applied.
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 available.