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Roth IRA

The Roth IRA is an individual retirement account that allows you to invest after-tax income, up to a specified amount each year. The Roth IRA is a secure way to save for retirement as your savings grow tax-free.

  • Allows for tax-free qualified distributions after reaching 59 ½
  • Taxes are paid on money contributed
  • Must have earned income (compensation) to contribute to a Roth IRA
  • May make contributions after reaching 70 ½
  • Roth IRA owners are not subject to RMD rules
  • Competitive rates

Traditional/Roth Contribution Limits

Year

Standard Contribution

Catch-Up Contribution
(for ages 50 or older)

2024
$7,000
$1,000
2025
$7,000
$1,000
2026 and on
Indexed with Inflation

Personal

Fraud Alert

We’ve been made aware that customers are receiving fraudulent text messages and phone calls
claiming to be from Commercial Bank referencing fake transactions or suspicious account
activity. Texts are coming from phone number 208-909-8008. The phone calls appear to come
from our main line, 314-434-4141. Don’t trust caller ID. Caller ID can be modified to show any
name and number.

Please be advised:

  • These messages are not from Commercial Bank.
  • Do not click on any links or provide personal or financial information in response.
  • Do not provide your online banking username, password, debit card number,
    account number, or any personal information.

If you received one of these texts, we recommend deleting it immediately. If you receive a phone
call, hang up immediately. Please be vigilant and review all your banking accounts for any
suspicious activity. If you suspect any unauthorized transactions, contact us immediately.

Stay vigilant,

Commercial Bank Security Team

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