Build retirement savings with tax-advantaged options.*
It's never too early or too late to save for retirement. Move forward with a Traditional or Roth IRA with no setup fees or maintenance fees.
Features You'll Love
- Save for retirement with potential tax advantages*
- Choose between a Traditional or Roth IRA
- No setup or maintenance fees
- Save for retirement with tax advantages1
- Competitive interest above standard savings rates
- Traditional and Roth IRA options
- No setup fees, monthly or annual maintenance fees2
- Annual contribution limits apply (see current contribution limits; $6,000 as of 2020)1
- Additional $1,000 "catch-up" contribution allowed for ages 50+
- Funds can be used to purchase CDs within IRA
- $25 minimum deposit to open
1Consult a tax advisor.
2Transfer Fee $25.00. TCB will assess a $25.00 fee if you request your IRA account at TCB be transferred to another institution.
There are advantages to both traditional and Roth IRAs. One of the biggest differences is the time at which you see the most advantage. A traditional IRA provides potential tax relief today, while a Roth IRA has the potential for the most tax benefit at time of retirement.
Traditional IRA
- No income limits to open
- No minimum contribution requirement
- Contributions are tax deductible on state and federal income tax1
- Earnings are tax deferred until withdrawal (when usually in lower tax bracket)
- Withdrawals can begin at age 59½
- Early withdrawals subject to penalty2
- Mandatory withdrawals at age 72
Roth IRA
- Income limits to be eligible to open Roth IRA3
- Contributions are NOT tax deductible
- Earnings are 100% tax free at withdrawal1
- Principal contributions can be withdrawn without penalty1
- Withdrawals on interest can begin at age 59½
- Early withdrawals on interest subject to penalty2
- No mandatory distribution age
- No age limit on making contributions as long as you have earned income
1Subject to some minimal conditions. Consult a tax advisor.
2Certain exceptions apply, such as healthcare, purchasing first home, etc.
3Consult a tax advisor.
*Consult a tax advisor.
Use this calculator to determine your projected earnings from our Kasasa Cash account. Move the sliders or type in the numbers to see your potential rewards.
- Estimated Annual Rewards $0
- Estimated monthly interest earned* $0
- Monthly ATM fees refunded**$0
This calculator compares the costs of buying or leasing a vehicle. There are three sections to complete, and you can adjust and experiment with different scenarios.
- Net cost of buying $0
- Net cost of leasing $0
A fixed-rate, fixed-term CD can earn higher returns than a standard savings account. Use this calculator to get an estimate of your earnings. Move the sliders or type in numbers to get started.
- Total value at maturity $0
- Total interest earned $0
- Annual Percentage Yield (APY)0.000%
Whether it's a down payment, college, a dream vacation...a savings plan can help you reach your goal. Use the sliders to experiment based on length of time and amount per month.
- Monthly deposit needed to reach goal $0
This calculator can help you get a general idea of monthly payments to expect for a simple loan. Move the sliders or type in numbers to get started.
- Estimated monthly payment $0
- Total paid $0
- Total interest paid $0
Kasasa Cash®
| Balance | Minimum Opening Deposit | Interest Rate | APY |
|---|---|---|---|
| 0 to $9,999.99 | $25 | 3.9285% | 4.00% |
| $10,000+ | $25 | 0.35% | 4.00% to 0.35% |
| All balances if qualifications not met | 0.05% | 0.05% |
Qualifications to Earn Rewards
Enrollments must be in place and all of the following transactions and activities must post and settle to your Kasasa Cash® account during each Monthly Qualification Cycle:
- At least 12 debit card purchases
- Be enrolled in and agree to receive e-Statements
- Be enrolled in and log into online banking
And if you don’t meet these qualifications, don’t worry — your account is still free. Plus, you’ll still earn our base rate. And you can get right back to earning your full rewards the very next cycle that you qualify.
Kasasa Saver®
| Balance | Minimum Opening Deposit | Interest Rate | APY |
|---|---|---|---|
| 0 to $14,999.99 | $25 | 0.9954% | 1.00% |
| $15,000+ | $25 | 0.35% | 1.00% to 0.35% |
| All balances if qualifications not met | 0.05% | 0.05% |
Qualifications to Earn the Higher Rate
Qualifying for your Kasasa Cash® or Kasasa Cash Back® rewards automatically qualifies you for the highest Kasasa Saver rate, too. Enrollments must be in place and all of the following transactions and activities must post and settle to your Kasasa Cash® or Kasasa Cash Back® account during each Monthly Qualification Cycle:
- At least 12 debit card purchases
- Be enrolled in and agree to receive e-Statements
- Be enrolled in and log into online banking
And if you don’t meet these qualifications, don’t worry — your accounts are still free. Plus, you’ll still earn our base rate on Kasasa Saver®. And you can get right back to earning your full rewards the very next cycle that you qualify.
TCB Index
| Rate | 12.25% |
|---|
TCB Mortgage Index
| Rate | 5.00% |
|---|