CBTx CDs and IRAs
Start saving today with a CBTx CD or IRA!
A CD or IRA from Commercial Bank of Texas is a smart way to earn interest as you save for your future! Choose from any of our online CDs. All CDs require a $1,000 minimum deposit:
- 12 month
- 24 month
- 36 month
- 48 month
- 60 month
Contact us for current rates.
A Traditional IRA allows you to defer taxes on the earnings from your contributions until they are withdrawn. Also, certain contributions are tax deductible in the tax year for which you make them.
A Roth IRA allows only nondeductible contributions and features tax-free withdrawals for certain distribution reasons after a five-year holding period. If you expect to be in a higher tax bracket when you retire, you may benefit more from this type of IRA because Roth IRA contributions are nondeductible and taxed in the year they are earned.
Are You Eligible for Either Account?
You are eligible to establish a traditional IRA if you are younger than age 70 ½ for the entire tax year and you or your spouse have compensation.
You are eligible to establish a Roth IRA if you or your spouse has compensation and your modified adjusted gross income does not exceed certain prescribed limits.
You may establish a traditional or Roth IRA even if you already participate in or are receiving contributions from a retirement plan sponsored by your employer.
For more information regarding a CBTx CD or IRA, please contact us or stop by any CBTx location.