Our Roth IRA Certificates of Deposit Accounts are fixed rate and term investments that have tax benefits authorized by Congress. These IRA's are not tax-deferred, but once you retire the distribution of earnings is tax free. You may not add money to these certificates and they are not negotiable.

• Open this account with only $500.00
• Certificate terms can be from 12 months to 60 months
• Annual contributions are limited to $5,000.00 or $6,000.00 if age 50 or older (For tax year 2008)
• Contributions are not tax deductible
• Qualified distributions are not taxable
• There is a tax on funds taken out before age 59 1/2
• No requirement to begin distribution by age 70 1/2
• Open to all wage earners with salaries less than $150,000.00
  

• Tax Free distribution of earnings
• Wide choice of fixed rates and terms
• Spouse can inherit IRA
• Flexible payout schedule that does not have to start at 70 1/2
• You can convert existing IRA's to Roth IRA's
• More secure financial future

For more information on Roth IRAs just contact the NPB branch nearest you today!

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