Coin jar

Roth IRA

Roth IRA

Grow your savings and enjoy tax-tree retirement withdrawals**.

Unlike the Traditional IRA, contributions made to a Roth IRA cannot be deducted for tax purposes.
However, growth achieved through ‎investment returns is free from income tax.

A Roth IRA is more liquid than you think.

You can withdraw your initial contribution – but leave all the earnings alone to continue to grow – with no early withdrawal penalty tax, ‎or income tax due. Something to consider if you think you may not be able to leave it until age 59 1/2 or later.‎

Requirements:

  • Maximum contribution: $5,500 in a tax year. ‎
  • Individuals over age 50 may be eligible for an additional $1,000 contribution. ‎

While contributions are not tax-deductible, qualified withdrawals of earnings can be federal income tax-free when certain withdrawal ‎requirements are met.‎


Mutual of Omaha Bank offers several Certificate of Deposit (CD) options for funding traditional IRAs, including fixed rate and variable ‎rate accounts.‎

Current Rates in:  Arizona  Change State Drop down arrow for state selection
TermInterest RateAnnual Percentage Yield (APY)*
6 Month0.15%0.15%
9 Month0.15%0.15%
12 Month0.25%0.25%
13 Month Special1.08%1.09%
18 Month0.30%0.30%
24 Month0.45%0.45%
25 Month Special1.39%1.40%
30 Month0.55%0.55%
36 Month0.60%0.60%
48 Month0.80%0.80%
60 Month1.04%1.05%

Rates effective as of 01-16-2017


To find out more about an IRA savings account now, call toll free: 866.351.5646
or open an account at a community bank near you.

* APY=Annual Percentage Yield. Rates may change after account opening. Fees may reduce earnings.
** A penalty may be assessed for early withdrawal.

Start your retirement
plan today

Call us toll free:
866.351.5646