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Whether you want to travel the world or stay at home with the grandkids, our IRAs help you retire on your terms.

Key Features

  • Competitive Interest
  • Tax Advantages*
  • No Setup or Maintenance Fees
  • Tax-advantaged retirement savings1
  • Competitive interest above standard savings rates
  • Traditional and Roth IRA options
  • No setup fees
  • No monthly or annual maintenance fees
  • Annual contribution limits apply (see current contribution limits; $6,000 as of 2019)
  • Additional $1,000 "catch-up" contribution allowed for ages 50+
  • Funds can be used to purchase multiple CDs within IRA
  • $100 minimum deposit to open a Flex IRA; $500 minimum deposit to open an IRA CD

Flexible & Fixed Terms

The Coastal Flex IRA ($100 minimum to open) has no term, no maturity date, or early withdrawal penalty, making it the ideal account for new savers and individuals who are looking to consolidate multiple retirement accounts.

IRA CDs ($500 minimum to open) have competitive rates above standard savings rates with fixed terms ranging from 12 months to 5 years.

When do you want to enjoy your tax advantage? A traditional IRA can provide tax relief today, while a Roth IRA has the potential for the most tax benefit at the time of retirement. 

Traditional IRA

  • No income limits to open
  • No minimum contribution requirement
  • Contribution limits apply2
  • Contributions are tax deductible on state and federal income tax1
  • Earnings are tax deferred until withdrawal (when usually in lower tax bracket)
  • Withdrawals can begin at age 59½
  • Early withdrawals subject to penalty1
  • Mandatory withdrawals at age 70½

Roth IRA

  • Contribution limits apply2
  • Income limits to be eligible to open Roth IRA1
  • Contributions are NOT tax deductible
  • Earnings are 100% tax free at withdrawal1
  • Principal contributions can be withdrawn without penalty1
  • Withdrawals on interest can begin at age 59½
  • Early withdrawals on interest subject to penalty3
  • No mandatory distribution ages
  • No age limit on making contributions as long as you have earned income

With new IRA options at Coastal Community Bank, managing your retirement accounts just got easier. If you are looking to start a new IRA or consolidate multiple accounts, the Flex IRA is a great place to start. As you grow your funds, take advantage of better rates in fixed-term IRA CDs.

Flex IRA

  • Open a Flex IRA with $100
  • Contribute at any time after account opening
  • Set up automatic transfers from a Coastal checking account
  • Consolidate funds from various retirement accounts
  • Transfer funds to a higher yield account without penalty
  • No minimum contribution requirement
  • Contribution limits apply2


  • Open an IRA CD with $500
  • Take advantage of higher interest rates
  • Contribute each grace period at maturity
  • Ladder IRA CDs so deposits come due at regular intervals
  • No minimum contribution requirement
  • Contribution limits apply2

1Subject to some minimal conditions. Consult a tax advisor.

2Refer to the IRS website for current limits.

3Certain exceptions apply, such as healthcare, purchasing first home, etc.