CDs and IRAs

Saving for your Retirement has never been easier. City National Bank & Trust provides you with Individual Retirement Account (IRA) and Certificates of Deposits (CDs) options to meet your individual needs.

Certificate of Deposits
At City National Bank & Trust we offer Certificate of Deposits with terms from 30 days to 5 years, so you can pick the account with the term and deposit that best suits your financial situation.

  •   • Minimum to Open: $500.00
  •   • Terms in days: 30 - 364 days
  •   • Terms in months: 12 - 60 months (in increments of 6 months)
  •   • Terms in years: up to 5 years
  •   • Interest Compounded for Highest Possible Yields
  •   • Optional Monthly, Quarterly, Semi-Annual or Annual Interest Payments on Terms of 12 Months or more.


 Certificate of Deposit


Fixed Rate
Non-Compounding

Time Periods:

Minimum to Open Account


Minimum Daily Balance to Earn Interest


Interest Rate


Annual Percentage Yield


30 - 89 days

$500 $500 0.15% 0.15%

90 - 179 days

$500 $500 0.15% 0.15%

180 - 364 days

$500 $500 0.20% 0.20%

12 - 17 months

$500 $500 0.30% 0.30%

18 - 23 months

$500 $500 0.35% 0.35%

24 - 29 months

$500 $500 0.45% 0.45%

30 - 35 months

$500 $500 0.50% 0.50%

36 - 47 months

$500 $500 0.65% 0.65%

48 - 59 months

$500 $500 0.85% 0.85%

60 months and longer

$500 $500 1.10% 1.10%
Fixed Rate
Compounding Monthly


Minimum to Open Account


Minimum Daily Balance to Earn Interest


Interest Rate


Annual Percentage Yield


18 months

$500 $500 0.35% 0.35%

24 months

$500 $500 0.45% 0.45%

36 months

$500 $500 0.65% 0.65%

48 months

$500 $500 0.85% 0.85%

60 months

$500 $500 1.10% 1.11%
General Rules on Interest Bearing Accounts:
Variable Rate Accounts:  The interest rate and annual percentage yield may change daily without limitation, at our discretion.
Compounding & Crediting Interest:  We compound & credit interest earned on interest bearing checking & savings accounts at the end of each statement cycle.
We compound & credit interest on an IRA annually on the maturity date.
We compound & credit interest on a compounding Certificate of Deposit monthly back into the CD account. 
We do not compound interest on a non-compounding Certificate.  Interest paid terms are defined at time the Certificate is opened.
Balance for Interest:  We use the daily balance method to calculate interest.  This method applies a daily periodic rate to the principal in the account each day.
Accrual of Interest on Non-Cash Deposits:  Interest begins to accrue no later than the business day you deposit a non-cash item.  
The APY assumes the interest paid to the account will not be withdrawn.
A substantial penalty may be assessed on funds withdrawn prior to maturity on all Certificates of Deposits and IRA's.
Interest Rates and Annual Percentage Yields are accurate as of the date shown above.
Request further information from your banker concerning the fees and terms applicable to the advertised account.
For current rate information, please call our Main Bank at 580-355-3580 or your local branch location.


Retirement IRA's
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 or Roth IRA.

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.

  • Minimum Balance to Open Account is $500

  • Account Terms
    •   • 12 Month Automatically Renewable Certificate of Deposit

  • Transaction Limitations
    •   • Unlimited deposits not to exceed allowable contribution

  • Early Withdrawal Penalties
    •   • No withdrawal penalties or fees imposed if person is 591/2 or older
    •   • Partial distribution fee if under 591/2 - $25.00
    •   • Closing account fee if under 591/2 - $50.00
    •   • If account is closed before maturity of 12 month CD, a penalty of six months interest may be imposed if under 591/2
    •   • If the Certificate of Deposit is closed before the maturity date, an early withdrawal penalty will be imposed

  • Automatic Renewal
    •   • Certificates of Deposit automatically renew upon maturity, to prevent renewal, send written notice or contact us within the
          ten (10) calendar day grace period
  •   • You must maintain a minimum balance of $500 in the account each day to obtain the disclosed annual percentage yield.
  •   • Interest is Credited annually*
  •   • The Daily Balance Method is Used to Calculate Interest on This Account. This method Applies a Daily Periodic Rate to
        the Principal in Your Account Each Day.*

*Interest Rate Changes: The interest rates and annual percentage yield may change on any of these accounts quarterly.
- Mandatory distribution at 70 1/2
- Cannot withdraw from a Roth IRA for 5 years after opening


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Call 1-866-385-3444 or stop by any branch to open an account.