Certificates of Deposit and IRAs

Community National Bank offers short to moderate term interest bearing certificates of deposits. Two major advantages of CDs are that you know how much will be earned, and when the money will be available to you.

 

Traditional IRA is a way to save for retirement that gives you tax advantages. Contributions you make to a traditional IRA may be fully or partially tax deductible. Generally, amounts in your traditional IRA, including earnings and gains, are not taxed until distributed from the IRA. For detailed information, visit

A Roth IRA is a way to save for retirement that gives you tax advantages. Any earnings on assets in a Roth IRA generally grow tax free. Contributions to a Roth IRA are not tax deductible. Generally, when distributions are taken from a Roth IRA they are tax-free provided certain requirements are met. For more information, visit

https://www.irs.gov/retirement-plans/roth-iras