Individual Retirement Accounts

If you are under age 70 ½, with earned income, open an IRA at BLC Community Bank now and take your first step in building a more secure retirement.

  • Earn high yield interest rates.
  • Contribute 100% of earned income or the annual maximum, whichever is less.
    • An individual who reaches age 50 before the close of the taxable year may contribute an additional "catch up" contribution for that taxable year.
  • Consult your tax advisor regarding retirement investing.

IRA Certificate of Deposit

IRA Time Open Account (TDOA)

  • A flexible IRA which allows deposits at any time without extending the 18 month maturity.
  • Interest is compounded daily and credited to your account semi-annually.
  • Click here for Current Rates

Roth IRA

  • Tax-free withdrawals after a five year holding period.
    • Consult your tax advisor for allowable withdrawals.
  • Tied to any of our Certificate of Deposit products or a Time Open Account (TDOA).
  • Click here for Current Rates
Member FDIC

Equal Housing Lender
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