Individual Retirement Account (IRA)
- Accountholder must have earned income (i.e. compensation, wages, salary, tips, alimony, profit from business, or profit from farming).
- Accountholder must file a tax return.
- Contributions can be made up to and including April 15th for the previous year.
- IRA's may be directly transferred from another institution into Centera Bank.
Rate and APY may fluctuate weekly. Interest accrues from first day IRA is received. IRA funds are invested in Certificates of Deposit.
Must open an IRA with at least $100.00. We have an Open IRA that you can add to each month.