* APY — Annual Percentage Yield is
accurate as of December 18, 2015. CDs may be
subject to an early withdrawal penalty, which may reduce
** Spring Savings and 6-month CDs are not available as IRAs.
*** Spring Savings is not available as an IRA.
† CIT Bank, N.A. and OneWest
Bank, a division of CIT Bank, N.A. are the same FDIC-insured institution.
Deposits held under each name are not separately insured, but are combined to
determine whether a depositor has exceeded the $250,000 federal deposit
insurance limit, per depositor for each account ownership category. For
purposes of calculating aggregate deposits held in CIT Bank, N.A., you should
include deposits held in OneWest Bank, a division of CIT Bank,
Contributions received between January 1 and tax filing due date, generally
April 15, must indicate the year the contribution should be applied. The IRS
allows you to make a contribution in the current year and apply it to the
prior year if the contribution is made by the tax filing due date (generally
April 15), not including extensions.
§ Taxation of
Roth IRA withdrawals are determined by the account holder by filing IRS Form
8606, Nondeductible IRAs.
§§ You must be age 18 or older to
open an IRA with CIT Bank.
Δ 6-Month Term CDs are not eligible for
Please consult a tax advisor for more information before choosing an IRA.