Saving for your Retirement has never been easier. City National Bank & Trust provides you with Individual Retirement Account (IRA) options to meet your individual needs. An Individual Retirement Account is a personal savings plan that offers customers tax advantages to set aside money for retirement. City National Bank & Trust offers several different options for your savings needs. Choose from a Traditional IRA, Roth IRA, or a Coverdell Education Savings Account.

Traditional IRA
With a Traditional IRA, the money you invest earns tax-deferred interest and your contributions may be deductible on your federal tax return.

Roth IRA
An individual retirement account whose contributions are not tax deductible, but distributions (including earnings) can be tax free if certain circumstances are met. Many people find the Roth IRA preferable to the Traditional IRA. In addition, for some, it makes sense to roll a Traditional IRA into a Roth IRA.

Coverdell Education Savings Account
An Educational Savings Plan established with nondeductible contributions made for the benefit of a minor for educational purposes for elementary, secondary and post-secondary education and earns tax-free income.

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