Individual Retirement Accounts

Citizens Financial Bank offers FDIC-insured IRA accounts as a retirement investment. IRA accounts are designed to help individuals save money for a financially secured future. We offer a variety of variable and fixed rate products to meet your financial needs.

• Fixed rate IRA certificates with terms of 3-months to 5-years
• Variable rate non-term Diamond IRA

Retirement Calculators

	Traditional IRA	Roth IRA	Coverdell Education Savings Account (CESA)
Who Can Contribute	Individuals under age 70 1/2 with taxable income	Individuals with earned income **	Anyone can contribute to a CESA for a child under age 18
Maximum Contributions	$5,000 per person*	$5,000 per person*	$2,000 per designated beneficiary***
Earnings and Withdrawals	Earnings are tax-deferred Upon withdrawal, earnings and deductible contributions are taxed Contributions may be tax deductible**	Earnings grow tax-deferred and are potentially tax-and penalty-free for qualified withdrawals Distribution is not mandatory at age 70 1/2 and contributions to your Roth IRA may continue as long as you have earned income**	Earnings are tax-deferred Earnings are tax-free if used for qualified education expenses

* Individuals reaching age 50 or better prior to the end of the tax year (12/31/08 for tax year 2008) and above may contribute additional amounts.

**Eligibility phase-outs may apply, depending on Modified Adjusted Gross Income and tax filing status.

***Contributions are not tax deductible.

Eligibility for making IRA contributions, maximum contributions, earnings, withdrawals and deductions are governed by the IRS. Refer to "IRS Publication 590"† or a tax advisor. Eligibility for establishing a CESA, making contributions, and distributions are governed by the IRA. Refer to "IRS Publication 970"† or a tax advisor.

Certificates of Deposit

To assist you in maximizing your investment dollars, Citizens offers a wide range of terms and competitive rates on Certificate of Deposit accounts.

FEATURES

• $2,000 minimum balance requirement
• Terms from 3 months to 5 years
• Higher interest rates for higher balances
• Interest automatically reinvested in your certificate.

Certificate of Deposit
Minimum Opening Deposit	$2,000
Minimum Balance	$2,000
Monthly Service Fee	No monthly service fee
Interest Options	Credit quarterly to your certificate Monthly or quarterly transfers to your checking, money market or savings account At maturity for 6 month certificates only
Apply Now

Ask us about our banking relationship rates! Visit any of our banking centers or call
1-888-226-5237 to find out how you can get a higher rate for a certificate.