Individual Retirement Accounts

Citizens Financial Bank offers FDIC-insured IRA accounts as a retirement investment. IRA accounts are designed to help individuals save money for a financially secured future. We offer a variety of variable and fixed rate products to meet your financial needs.

• Fixed rate IRA certificates with terms of 3-months to 5-years
• Variable rate non-term Diamond IRA

Retirement Calculators

	Traditional IRA	Roth IRA	Coverdell Education Savings Account (CESA)
Who Can Contribute	Individuals under age 70 1/2 with taxable income	Individuals with earned income **	Anyone can contribute to a CESA for a child under age 18
Maximum Contributions	$5,000 per person*	$5,000 per person*	$2,000 per designated beneficiary***
Earnings and Withdrawals	Earnings are tax-deferred Upon withdrawal, earnings and deductible contributions are taxed Contributions may be tax deductible**	Earnings grow tax-deferred and are potentially tax-and penalty-free for qualified withdrawals Distribution is not mandatory at age 70 1/2 and contributions to your Roth IRA may continue as long as you have earned income**	Earnings are tax-deferred Earnings are tax-free if used for qualified education expenses

* Individuals reaching age 50 or better prior to the end of the tax year (12/31/08 for tax year 2008) and above may contribute additional amounts.

**Eligibility phase-outs may apply, depending on Modified Adjusted Gross Income and tax filing status.

***Contributions are not tax deductible.

Eligibility for making IRA contributions, maximum contributions, earnings, withdrawals and deductions are governed by the IRS. Refer to "IRS Publication 590"† or a tax advisor. Eligibility for establishing a CESA, making contributions, and distributions are governed by the IRA. Refer to "IRS Publication 970"† or a tax advisor.

Certificates of Deposit

To assist you in maximizing your investment dollars, Citizens offers a wide range of terms and competitive rates on Certificate of Deposit accounts.

FEATURES

• $2,000 minimum balance requirement
• Terms from 3 months to 5 years
• Higher interest rates for higher balances
• Interest automatically reinvested in your certificate.

Certificate of Deposit
Minimum Opening Deposit	$2,000
Minimum Balance	$2,000
Monthly Service Fee	No monthly service fee
Interest Options	Credit quarterly to your certificate Monthly or quarterly transfers to your checking, money market or savings account At maturity for 6 month certificates only
Apply Now

Ask us about our banking relationship rates! Visit any of our banking centers or call
1-888-226-5237 to find out how you can get a higher rate for a certificate.

Triple Jump CD Rates

Open a new CD and you could qualify for up to 3 rate jumps. You decide when to use the jumps. Please see a Personal Banker for details.

13 months at .81% APY
25 months at 1.22% APY
37 months at 1.87% APY

Annual Percentage Yield (APY) effective as of 5/4/10. For personal accounts only. Minimum $2,000 to open CD. Maximum CD investment allowed is $100,000. CDs automatically renew on the maturity date at chart rate (13 month renews as a 12 month CD, 25 month renews as a 24 month CD, 37 month renews as a 36 month CD). Interest paid quarterly (March, June, September, and December) and at maturity. Penalty for early withdrawal. Rates subject to change or end at any time without notice. Open one new deposit account to receive one jump coupon. Open a second deposit account to receive a second jump coupon. Existing clients qualify by already having or opening new deposit accounts. Refer a friend (not currently named on an account) who opens a new account at Citizens to receive a third jump. Coupons given for jump in rate are non-transferable and must be used prior to initial maturity of CD. Types of deposit accounts include Checking, Money Market and Savings (Early Investor and Christmas Club excluded). Client must choose different types of accounts to qualify for more than one jump. New deposit accounts must be opened within 60 days of CD origination to receive coupons. Minimum to open deposit accounts: $100 for Checking, $200 for Savings, $2,000 for Money Market. Accounts must remain open for a minimum of 6 months or an early account closing fee will be debited from the client’s account. Not valid with other offers. Rate subject to change without notice.