Eligibility:
- Account holder must have earned income (i.e. compensation, wages, salary, tips, alimony, profit from business, or profit from farming)
- Account holder 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
Interest Rate:
- Rate and APY may fluctuate weekly. Interest accrues from first day IRA is received. IRA funds are invested in Certificates of Deposit
- Centera Bank's IRA Department can provide you with the most current IRA interest rate information. To inquire about the current rate, please call your local branch or email us at webadmin@centerabank.com
Limitations:
- Must open an IRA with at least $100.00. We have an Open IRA that you can add to each month
Note: Centera Bank automatically reinvests the money from your maturing IRA unless told otherwise by you.
