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Individual Retirement Accounts

Want to attract the best employees? Offer them the best benefits package—one that comes complete with a Citizens Bank IRA. We’re pleased to offer types of IRAs, and they can be opened with as little as $50.

Citizens Bank IRAs Include:

Traditional

With a traditional IRA, you typically pay taxes on the money that you withdraw from the account. However, you may be able to escape taxes when you deposit money into the account.

Roth

Roth IRAs offer sizable tax advantages that make them a great way to save money for retirement. Unlike a 401(k), the money put into a Roth IRA comes from post-tax dollars. However, no taxes are charged on the growth or the distributions from Roth IRAs.

Educational

As the name suggests, these IRAs are specifically designed to help you save for education. You receive special tax considerations and benefits if the money you save is used toward education.

For our current IRA rates, click here.