Commercial Bank of Abu Dhabi ’s Individual Retirement Accounts
Individual Retirement Accounts (IRAs) are an easy way to grow your retirement savings and reduce your taxes. Our IRAs allow you to invest pre-tax or post-tax money into certificates of deposit (CDs). Contributing to a CD in your retirement account instead of mutual funds, stocks, or other investments means you can earn interest with less risk since your money isn’t exposed to the market. These accounts offer top market rates, low fees, and peace of mind that your nest egg is safe.
Get in touch with us for more details on how these IRAs work and to see if they’re right for you.
Account at a glance
| Minimum opening deposit | $1,000 |
|---|---|
| Earns interest | Yes |
| Free online banking | Yes |
| Free online bill pay | No |
| Important notes | Interest will be compounded and credited monthly. Penalties may be incurred if you withdraw money from your IRA before the CD matures. |