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Higher dividends than regular savings
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Terms from 3 months to 5 years
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Potential tax benefits
Traditional IRA certificate special in Pittsburgh, PA
3.40% APY
7- or 13-month savings certificate special, your choice.
Limited time only • Minimum $1,000 opening balance required • New and existing money eligible for deposit
Traditional IRA Certificates
A Traditional IRA option may offer tax-deductible contributions, with taxes paid when you withdraw your money.
| 3 and 6 Month Terms | 12 - 60 Month Terms | |
|---|---|---|
| Minimum Deposit | $500 | $1,000 |
| Dividend Structure | Dividends will be paid at maturity and credited back to the certificate. | Dividends will be credited and compounded to the certificate quarterly. |
Roth IRA Certificates
A Roth IRA option offers tax-free, qualified withdrawals, though contributions are not tax-deductible.
| 3 and 6 Month Terms | 12 - 60 Month Terms | |
|---|---|---|
| Minimum Deposit | $500 | $1,000 |
| Dividend Structure | Dividends will be paid at maturity and credited back to the certificate. | Dividends will be credited and compounded to the certificate quarterly. |
Jumbo IRA Certificates
A Jumbo Certificate is designed for larger balances, offering a simple way to set funds aside.
- Choose a term from 6 months to 5 years
- $100,000 minimum initial deposit
- Also available for traditional and Bump Rate Savings Certificates
Coverdell Education Savings Certificates
A Coverdell Certificate helps you save for your child's or grandchild's future education expenses. Funds can be used for college as well as primary and secondary education expenses in a private school.
- Contribute up to $2,000 per child, per year, until the child reaches age 18.
- Contributions can be made regardless of participation in any other IRA programs.
- All contributions to the Coverdell Education Savings Certificate are non-deductible.
- Earnings may be withdrawn tax-free if used to pay for qualified education expenses before the student reaches age 30.
| 3 and 6 Month Terms | 12 - 60 Month Terms | |
|---|---|---|
| Minimum Deposit | $100 | $100 |
| Dividend Structure | Dividends will be paid at maturity and credited back to the certificate. | Dividends will be credited and compounded to the certificate quarterly. |
Keep in mind, IRA certificates automatically renew at maturity unless you indicate otherwise. If you choose not to renew, the money must roll over into another IRA or you may face a tax penalty. As always, consult your tax advisor for full details.
Know this before you open an IRA certificate
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IRA savings certificates, explained
An IRA savings certificate is a retirement savings option that combines the tax advantages of an Individual Retirement Account with the fixed rates and predictable growth of a savings certificate. And with Clearview, your money stays local, supporting the Pittsburgh, PA communities you’re part of.
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How IRA savings certificates work
An IRA savings certificate combines a retirement account with a fixed-rate savings certificate. When you open an IRA certificate, you choose a term length and earn dividends at a fixed rate for that period.
Comparing Traditional and Roth IRA certificates
The main difference comes down to how and when you receive tax benefits. With a Traditional IRA certificate, contributions may be tax-deductible, and your savings grow tax-deferred until withdrawal. With a Roth IRA certificate, contributions are made with after-tax dollars, but qualified withdrawals in retirement are tax-free. Both options offer fixed rates and predictable growth over a set term, so the right choice depends on your current tax situation and long-term goals.