Build a secure future for you and your loved ones.
No matter where you are on your journey, start setting aside funds today with an IRA.
Benefits You’ll Love
- Interest rates higher than standard savings
- Directly transfer or rollover from other plans
- Deposit up to the annual contribution limit
- No setup fees on the account you choose
- Competitive interest above standard savings rates
- Regular and Spousal IRA options
- No setup fees
- No monthly or annual maintenance fees
- $6,500 annual contribution under age 50
- Additional $1,000 "catch-up" contribution allowed for ages 50+
- Withdraw funds as early as 59 ½ without penalty
- $500 minimum deposit to open
Prepare for your future with an IRA retirement account that lets you set aside money today and earn interest above standard savings rates. Contact one of our helpful staff specialists to open an IRA account and begin the journey of investing in smart retirement.
Community Bank of Raymore is happy to help with your savings and retirement goals through traditional IRA and Spousal IRA options. That sounds great, right? Well, only if you are familiar with the how an IRA works. So, what is an IRA? In very simple terms: An IRA is an Individual Retirement Account that is self-funded, includes significant tax advantages and comes with a few basic regulations.
The Many Benefits of an IRA Account
Aside from fostering a healthy retirement, an IRA investment allows you a tax break on both accumulated growth and your annual contribution amount.
Growth and More Growth: The investments you make within your IRA portfolio will generate account growth and on top of that, IRA rates are competitive and higher than what standard savings accounts offer. It’s like getting to second base without even trying. And, after a the span of time, your IRA will round the bases and bring you into homerun status!
Tax Breaks: A traditional IRA allows for tax-deductible contributions and tax deferred growth. This means you can reduce your overall tax bill and you pay nothing on your IRA gains until withdrawal.
Use this calculator to determine your projected earnings from our Kasasa Cash account. Move the sliders or type in the numbers to see your potential rewards.
- Estimated Annual Rewards $0
- Estimated monthly interest earned* $0
- Monthly ATM fees refunded**$0
This calculator compares the costs of buying or leasing a vehicle. There are three sections to complete, and you can adjust and experiment with different scenarios.
- Net cost of buying $0
- Net cost of leasing $0
A fixed-rate, fixed-term CD can earn higher returns than a standard savings account. Use this calculator to get an estimate of your earnings. Move the sliders or type in numbers to get started.
- Total value at maturity $0
- Total interest earned $0
- Annual Percentage Yield (APY)0.000%
Whether it's a down payment, college, a dream vacation...a savings plan can help you reach your goal. Use the sliders to experiment based on length of time and amount per month.
- Monthly deposit needed to reach goal $0
This calculator can help you get a general idea of monthly payments to expect for a simple loan. Move the sliders or type in numbers to get started.
- Estimated monthly payment $0
- Total paid $0
- Total interest paid $0
Certificates of Deposit
| Term | Minimum Required Opening Deposit | Interest Rate | APY |
|---|---|---|---|
| 30 Days | $500 | 0.05% | 0.05% |
| 90 Days | $500 | 0.05% | 0.05% |
| 6 Months | $500 | 0.05% | 0.05% |
| 1 Year | $500 | 0.05% | 0.05% |
| 2 Years | $500 | 0.05% | 0.05% |
| 3 Years | $500 | 0.05% | 0.05% |
| 4 Years | $500 | 0.10% | 0.10% |
Penalty for early withdrawal.
Checking Accounts
| Account | Minimum Required Opening Deposit | Interest Rate | APY |
|---|---|---|---|
| Interest Checking | $25 | 0.05% | 0.05% |
| Business Interest Checking | $25 | 0.05% | 0.05% |
The interest rate on the checking accounts can change at anytime. Fees may reduce earnings. Click on the account name above for more details, including minimum opening deposit. Business accounts are not available to open online.
IntraFi® Network Deposits (formerly CDARS ®)
| Term | Minimum Required Opening Deposit | Interest Rate | APY |
|---|---|---|---|
| 26-week | $10,000 | 3.51% | 3.59% |
| 1-year (52-week) | $10,000 | 3.35% | 3.42% |
| 2-year (104-week) | $10,000 | 3.27% |
3.34% |
| 3-year (156-week) | $10,000 |
3.27% |
3.34% |
The IntraFi® Network DepositsSM interest rates and Annual Percentage Yields (APYs) listed above are for the upcoming week. IntraFi® Network Deposit rates and APYs reprice weekly, each Wednesday. Interest rates are subject to change prior to the order date. Use of the IntraFi Network Deposits service is subject to the terms and conditions of the agreements, including the IntraFi Participating Institution Agreement and the Deposit Placement Agreement. IntraFi, CDARS, ICS, and One-Way Sell are registered service marks, and IntraFi Network and IntraFi Network Deposits are service marks, of IntraFi Network LLC.
Kasasa Cash
| Balance | Minimum Required Opening Deposit | Interest Rate | APY |
|---|---|---|---|
| $0 - $10,000 | $25 | 0.51% | 0.51% |
| $10,000+ | $25 | 0.05% | 0.51% to 0.09% |
| All balances if qualifications not met | $25 | 0.05% | 0.05% |
The interest rate on the Kasasa Cash account can change at anytime.
To earn your rewards, complete the following transactions and activities in your Kasasa Cash account during each Monthly Qualification Cycle:
- Have at least 1 direct deposit or ACH payment transaction post and settle
- Have at least 10 debit card purchases, each greater than $5, post and settle
Kasasa Saver
| Balance | Minimum Required Opening Deposit | Interest Rate | APY |
|---|---|---|---|
| $0 - $10,000 | $25 | 0.20% | 0.20% |
| $10,000+ | $25 | 0.05% | 0.20% to 0.06% |
| All balances if qualifications not met | $25 | 0.05% | 0.05% |
The interest rate on the Kasasa Saver account can change at anytime.
Qualifying for your Kasasa Cash or Kasasa Cash Back rewards automatically qualifies you for the highest Kasasa Saver rate, too. To earn your rewards just do the following transactions and activities in your Kasasa Cash or Kasasa Cash Back account during each Monthly Qualification Cycle:
- Have at least 1 direct deposit or ACH payment transaction post and settle
- Have at least 10 debit card purchases, each greater than $5, post and settle
Money Market (Business and Personal)
| Balance | Minimum Required Opening Deposit | Interest Rate | APY |
|---|---|---|---|
| $0.01 - $24,999 | $25 | 0.05% | 0.05% |
| $25,000 - $49,999 | $25 | 0.10% | 0.10% |
| $50,000+ | $25 | 0.15% | 0.15% |
Learn more about Personal Money Market Accounts and Business Money Market Accounts
The money market interest rate can change at anytime and does have limited withdrawals. Fees may reduce earnings. Click on the account name above for more details, including minimum opening deposit.
Premier Money Management Savings
| Account | Minimum Required Opening Deposit | Interest Rate | APY |
| Premier Money Management Account | $25 | 2.72% | 2.76% |
The premier money management interest rate can change at anytime. Fees may reduce earnings. Click on the account name above for more details, including minimum opening deposit. The premier money management account is not available to open online.
Rate Watcher CD
| Term | Minimum Required Opening Deposit | Interest Rate | APY |
|---|---|---|---|
| 15 Months | $5,000 | 0.05% | 0.05% |
| 27 Months | $5,000 | 0.05% | 0.05% |
Penalty for early withdrawal.
Savings Accounts
| Account | Minimum Required Opening Deposit | Interest Rate | APY |
|---|---|---|---|
| Savings Account | $25 | 0.05% | 0.05% |
The savings account interest rate can change at anytime. Fees may reduce earnings. Click on the account name above for more details, including minimum opening deposit.
Wall Street Checking
| Balance | Minimum Required Opening Deposit | Interest Rate | APY |
|---|---|---|---|
| $0.01 - $2,499 | $25 | 0.05% | 0.05% |
| $2,500+ | $25 | 0.15% | 0.15% |
The interest rate on the Wall Street checking account can change at anytime. Fees may reduce earnings. Click on the account name above for more details, including minimum opening deposit.
