IRA Accounts

Just download and mail in the application below, visit a branch or call us at 1-800-695-5911 to open a new banking IRA with Citibank.

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Already have an IRA with Citibank? Sign on to make a contribution

How banking IRAs work

Step 1: Choose your product

With an IRA with Citibank, you can choose from two types of deposit accounts: Insured Money Market Accounts or Certificates of Deposit (CDs). Both are FDIC-insured and have no monthly fee.

Step 2: Choose your IRA type

Whether you opt for a Traditional IRA or a Roth IRA, you'll get potential tax advantages to help you generate greater returns.

Step 3: Start funding your account

Open your account with an initial contribution. You can add funds any time up to the annual contribution limit allowed to help your retirement plan grow.

Your product options: Money markets vs. CDs

Insured Money Market Accounts

Go beyond basic savings and help plan for your retirement with a money market account.

Certificates of Deposit (CDs)

Get the security of a guaranteed rate for the term of your CD, with a variety of terms and CD laddering options to choose from.

IRA Types: Traditional vs. Roth

TraditionalRoth What are the tax benefits?

Contributions made before tax are subject to limitations. If limitations are met, pay no initial taxes when you make a contribution, get potential tax-deferred growth and pay taxes on later withdrawals. 1

Are contributions tax deductible? How long can you contribute? When can you take money out?

You can withdraw money from a Traditional IRA at any time. However, distributions that do not qualify for an exception from the premature distribution penalty will be assessed a penalty tax of 10% of the distribution and pre-tax amounts and earnings distributed will be subject to income tax.

When is it the best option?

Citigroup Inc. and its affiliates do not provide tax or legal advice. You should seek advice based on your particular circumstances from an independent tax advisor.

Funding your IRA: Contributions & rollovers

IRAs can be funded through contributions, or by rolling over your existing IRAs, 401(k)s and other qualified retirement accounts.

Contributions

Deposit checks directly into your IRA when you visit a Citi branch, or transfer funds from any linked Citi deposit account. You can even set up automatic contributions to continually grow your balance.

Rollovers & transfers

Transfer funds from an existing qualified retirement account to your IRA at Citibank. Funds maintain tax-deferred status if rolled into another tax-deferred account.

Accounts Eligible for Rollover

IRA beneficiaries

Are you an IRA beneficiary? Start here.

Why Citi?

Convenient locations

With ATMs and branches in the places you live, work and play, you're never far from your money.

Practical digital tools

Our award-winning website and mobile app make it easy to bank virtually anywhere, anytime.

Safety & security

We take measures to help protect your account with ongoing fraud monitoring, activity notifications and alerts. Plus you have automatic access to Citi ® Identity Theft Solutions should the need ever arise.

Ready to apply?

Just send your completed application along with copies of a valid ID, and applicable completed tax certification forms to: Citibank Retirement Plan Services, P.O. Box 769001, San Antonio, TX 78245-9951

Valid IDs include a U.S. driver's license or state-issued ID.

Apply in person

Apply by phone

We're available Mon-Fri, 8AM to 10PM ET and Sat 9AM to 5:30 PM ET.

Looking for an investment IRA?

Are you looking for more IRA options? IRAs with investment products are available through Citi Personal Wealth Management. 2

INVESTMENT AND INSURANCE PRODUCTS:NOT INSURED BY THE FDIC • NOT INSURED BY THE FEDERAL GOVERNMENT OR ANY OTHER FEDERAL GOVERNMENT AGENCY, BY THE BANK, OR BY ANY AFFILIATE OF THE BANK • NOT A DEPOSIT OR OTHER OBLIGATION OF, OR GUARANTEED BY, THE BANK OR AN AFFILIATE OF THE BANK • SUBJECT TO INVESTMENT RISK, INCLUDING POSSIBLE LOSS OF THE PRINCIPAL INVESTED

Citigroup Inc. and its affiliates do not provide tax or legal advice. You should seek advice based on your particular circumstances from an independent tax advisor.

Deposit accounts are provided by Citibank, N.A . Member FDIC . Only bank deposit products are FDIC insured.

Terms, conditions and fees for accounts, products, programs and services are subject to change.

  1. For the full terms and conditions for IRAs see both the Citibank Traditional IRA Plan Documents or the Citibank Roth IRA Plan Documents. Please be sure to consult your tax advisor for your own situation.
  2. Citi Personal Wealth Management, a business of Citigroup Inc., offers investment products through Citigroup Global Markets inc. ("CGMI"), member SIPC . Citigroup Life Agency LLC ("CLA") offers insurance products. In California, CLA does business as Citigroup Life Insurance Agency, LLC (License Number 0G56746). Citibank, CGMI and CLA are affiliated companies under the common control of Citigroup Inc. Citi, Citi and Arc Design and other marks used herein are service marks of Citigroup Inc. or its affiliates, used and registered throughout the world.

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