Roth IRA contributions are not tax deductible but you pay no taxes on any of the earnings on your account if you leave funds in the account for a five-year holding period and make a qualified distribution. Qualified distributions include those made on, or after age 59 1/2, those made to beneficiaries upon your death, those made because you have become disabled, and those made for first-time home buyers.

• $500 minimum initial deposit
• No monthly or annual account fees
• Earn high interest rates
• Interest is compounded daily and paid to the account monthly
• Penalties for early withdrawal apply
• Terms are available from 30 days to 3 years
• Rates are fixed for the term of the IRA
• IRAs will automatically renew unless you contact us for withdrawal
• Free access to online banking
• Pacific Crest Savings Bank does not provide, nor accept, cash
• Contact a banking specialist for more information