Allegiance Community Bank - Individual Retirement Accounts (IRAs)

Allegiance Community Bank offers both Traditional and Roth IRA’s, allowing you the opportunity once again to choose the type which best matches your individual goals. You can either open a new IRA or transfer an existing IRA to Allegiance Community Bank and begin receiving exceptional interest rates. You can invest your IRA assets in a variety of high interest Certificates of Deposit.

Traditional IRA

Contributions up to $5,000 annually if under age 50
Contributions up to $6,000 annually if over age 50 & under age 70 ½
Contributions may be tax deductible. Consult your tax advisor.
Penalty-free withdrawals after age 59 ½, and for certain IRS exceptions.
Early withdrawals (before age 59 ½) may be subject to IRS and Bank penalties.
Minimum Distributions Required upon reaching age 70 ½
No contributions allowed after age 70 ½
Rollovers are eligible from Traditional IRA Plans, Qualified Retirement Plans, and other qualified employee sponsored plans.

Roth IRA

Contributions up to $5,000 annually if under age 50
Contributions up to $6,000 annually if over age 50
Contributions are not tax deductible. Consult your tax advisor.
Penalty-free withdrawals after age 59 ½, and for certain IRS exceptions.
Early withdrawals (before age 59 ½) may be subject to IRS and Bank penalties.
No Minimum Distribution Requirement
Early withdrawals (before age 59 ½) may be subject to IRS and bank penalties.
Contributions are allowed as long as investor has earned income and meets income requirements.
Rollovers are eligible only from other Roth IRA Plans.

IRA Certificates of Deposit

Required Minimum to Open $1,000.00

TERM	Rate	APY*
1 Month	0.50	0.50
3 Month	0.70	0.70
6 Month	0.90	0.90
9 Month	1.00	1.00
12 Month	1.15	1.15
15 Month	1.34	1.35
18 Month	1.49	1.50
24 Month	1.74	1.75
30 Month	1.79	1.80
36 Month	1.89	1.90
48 Month	2.18	2.20
60 Month	2.33	2.35

No Minimum Balance to obtain APY*
Simple Interest paid at maturity for 1 and 3 month certificates. Interest Credited and compounded quarterly for all other certificates.