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 Month0.25%0.25%
9 Month0.35%0.35%
12 Month0.60%0.60%
13 Month (Special)1.39%1.40%
18 Month0.75%0.75%
24 Month1.00%1.00%
25 Month (Special)1.64%1.65%
30 Month1.24%1.25%
36 Month (Special)1.83%1.85%
48 Month1.64%1.65%
60 Month1.98%2.00%

Rates effective as of 12-14-2017


To find out more about an IRA savings account now, call: 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