Individual Retirement Accounts (IRA)
Castle Rock Bank is committed to helping you with a successful retirement plan. We offer a full range of individual retirement accounts with competitive rates and flexible terms. For further information we invite you to call and speak to one of our knowledgeable customer service representatives or come visit one of our convenient locations.

Today's IRA's offer a variety of ways for your money to grow with attractive tax incentives, higher contribution limits, and more flexibility to move money between IRA's and employer-sponsored retirement plans. IRA's can be used to save money for retirement, educational expenses, a non-working spouse, or for the self employed. For more information, call or visit one of Castle Rock Bank's convenient locations and speak to one of our knowledgeable customer service representatives today.

Term

Minimum Deposit

Interest Rate

Annual Percentage Yield

6 Months

$2,000.00

0.300 0.30%

$10,000.00

0.349 0.35%

$100,000.00

0.399 0.40%

1 Year

$2,000.00

0.499 0.50%

$10,000.00

0.548 0.55%

$100,000.00

0.598 0.60%

18 Months

$2,000.00

0.499 0.50%

$10,000.00

0.548 0.55%

$100,000.00

0.598 0.60%

2 Years

$2,000.00

0.747 0.75%

$10,000.00

0.797 0.80%

$100,000.00

0.846 0.85%

4 Years

$2,000.00

1.143 1.15%

$10,000.00

1.193 1.20%

$100,000.00

1.242 1.25%

5 Years

$2,000.00

1.242 1.25%

$10,000.00

1.292 1.30%

$100,000.00

1.341 1.35%



TRUTH-IN-SAVINGS DISCLOSURE

Rates valid as of 04/15/2014.

The Interest Rate and the Annual Percentage Yield for your account are shown above. You will be paid the current interest rate at least until the Certificate of Deposit matures.


6 Month Certificate of Deposit

Your account will mature in 6 months. This account will automatically renew at maturity. You will have ten business days after the maturity date to withdraw funds without penalty.

Minimum Deposit, Time and Balance Requirements

To open this account, you must deposit $2,000.00. To earn the annual percentage yield shown, your entire balance must remain on deposit for at least 6 months. The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.

Transaction Limitations

You may not make withdrawals from or deposits into this account until maturity. If you withdraw any funds before maturity, your account will be charged an early withdrawal penalty in an amount equal to 30 days' interest.

An early withdrawal penalty may invade principal.


1 Year Certificate of Deposit

Your account will mature in 1 year. This account will automatically renew at maturity. You will have ten business days after the maturity date to withdraw funds without penalty.

Minimum Deposit, Time and Balance Requirements

To open this account, you must deposit $2,000.00. To earn the annual percentage yield shown, your entire balance must remain on deposit for at least 1 year. The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.

Transaction Limitations

You may not make withdrawals from or deposits into this account until maturity. If you withdraw any funds before maturity, your account will be charged an early withdrawal penalty in an amount equal to 30 days' interest. An early withdrawal penalty may invade principal.


18 Month Certificate of Deposit

Your account will mature in 18 months. This account will automatically renew at maturity. You will have ten business days after the maturity date to withdraw funds without penalty.

Minimum Deposit, Time and Balance Requirements

To open this account, you must deposit $2,000.00. To earn the annual percentage yield shown, your entire balance must remain on deposit for at least 18 months.

The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.

Transaction Limitations

You may not make withdrawals from or deposits into this account until maturity. If you withdraw any funds before maturity, your account will be charged an early withdrawal penalty in an amount equal to 90 days' interest. This early withdrawal penalty may invade principal.


2 Year Certificate of Deposit

Your account will mature in 2 years. This account will automatically renew at maturity. You will have ten business days after the maturity date to withdraw funds without penalty.

Minimum Deposit, Time and Balance Requirements

To open this account, you must deposit $2,000.00. To earn the annual percentage yield shown, your entire balance must remain on deposit for at least 2 years. The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.

Transaction Limitations

You may not make withdrawals from or deposits into this account until maturity. If you withdraw any funds before maturity, your account will be charged an early withdrawal penalty in an amount equal to 90 days' interest. This early withdrawal penalty may invade principal.


4 Year Certificate of Deposit

Your account will mature in 4 years. This account will automatically renew at maturity. You will have ten business days after the maturity date to withdraw funds without penalty.

Minimum Deposit, Time and Balance Requirements

To open this account, you must deposit $2,000.00. To earn the annual percentage yield shown, your entire balance must remain on deposit for at least 4 years. The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.

Transaction Limitations

You may not make withdrawals from or deposits into this account until maturity. If you withdraw any funds before maturity, your account will be charged an early withdrawal penalty in an amount equal to 90 days' interest. This early withdrawal penalty may invade principal.


5 Year Certificate of Deposit

Your account will mature in 5 years. This account will automatically renew at maturity. You will have ten business days after the maturity date to withdraw funds without penalty.

Minimum Deposit, Time and Balance Requirements

To open this account, you must deposit $2,000.00. To earn the annual percentage yield shown, your entire balance must remain on deposit for at least 5 years. The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.

Transaction Limitations

You may not make withdrawals from or deposits into this account until maturity. If you withdraw any funds before maturity, your account will be charged an early withdrawal penalty in an amount equal to 90 days' interest. This early withdrawal penalty may invade principal.


Additional Fees and Terms

Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (e.g., checks).

Note: fees could reduce the earnings on your account.

Balance Computation Methods

The daily balance method applies a periodic rate to the full amount of principal in the account each day.

The average daily balance method applies a periodic rate to the average balance in the account for the period. The average daily balance is calculated by adding the full amount of principal in the account for each day of the period and dividing that figure by the number of days in the period.

Contact us for a current schedule of Fees and Charges.


The Educational IRA Deposit Account

At Castle Rock Bank, we believe that all children should have an opportunity to work toward brighter futures by planning early for higher education, including post-secondary education in any form. To help in the pursuit of these educational goals and opportunities, Castle Rock Bank is pleased to present its Educational IRA Deposit Accounts tailored to children and families who wish to save now for future educational expenses.

These Educational IRA deposit accounts feature premium interest rates and are designed to encourage the commitment to planning for the future and to help parents support children in understanding the importance and the dynamics of saving at an early age. Parents who encourage children to consider their individual interests and consistently set the expectation that each child will seek ways to pursue those interests through higher education can play an important role in supporting the realization of full potential, goals, and dreams.

Special IRA’s for children and their families with premium interest rates are just of few of the ways Castle Rock Bank seeks to make positive contributions to our community. We are proud to be your community bank.

Restrictions to contributions and withdrawals and certain other restrictions apply. Contact us for more information at 303-688-5191.