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Cogent Bank

Learn more about IRA's

Planning for retirement doesn't have to be complicated. Open an interest bearing account and start saving for those golden years. We offer traditional and Roth IRAs, each with its own advantages and both providing solid returns on your investment.
 

Individual Retirement Account (IRA)

 
It’s never too early to open an IRA, a tax-efficient way to save for retirement. Whether it’s a traditional IRA with tax-deferred earnings until withdrawal, or a Roth IRA which offers the same tax-deferred earnings but with greater tax savings and withdrawal flexibility, Cogent Bank is prepared to help you select the right account for your unique situation.
 
  • Save for retirement with tax advantages¹
  • Available in traditional and Roth
  • Annual contribution limits apply
  • $1,000 annual "catch up" contributions allowed for ages 50 and better
  • No annual fees or set up fees
  • Federally insured
  • $1,000 minimum deposit to open
 

Traditional vs. Roth IRA

 
  • Save for retirement with tax advantages¹
  • Available in traditional and Roth
  • Annual contribution limits apply
  • $1,000 annual "catch up" contributions allowed for ages 50 and better
  • No annual fees or set up fees
  • Federally insured
  • $1,000 minimum deposit to open
 
¹Subject to some minimal conditions. Consult a tax advisor.
²Certain exceptions apply, such as healthcare, purchasing a first home, etc.
³Consult a tax advisor