IRAs & CDs
Secure your future with our Certificates of Deposit (CDs) and Individual Retirement Accounts (IRAs), where you can grow your short and long-term savings with competitive rates and flexible options.
Planning for the future starts today. Whether you’re looking for the long-term benefits of a traditional IRA or the steady growth of CDs, Evolve provides secure, high-yield solutions designed to fit your financial goals.
IRAs & CDs
Individual Retirement Accounts (IRAs)
Build for the future with our full suite of IRA options. We offer Traditional and Roth IRAs that will maximize your capital and provide significant tax advantages. At Evolve, you can build a strong financial foundation and grow your retirement savings.
Types of IRAs:
Traditional IRAs
Enjoy tax-deferred growth and potentially lower taxable income in the future. Contributions may be tax-deductible, and earnings grow without immediate tax obligations. A Traditional IRA allows individuals to contribute pre-tax income, reducing taxable income for the contribution year. The investments grow tax-deferred until withdrawals begin in retirement, at which point distributions are taxed as ordinary income. With IRAs, Required Minimum Distributions (RMDs) begin at age 73.
Roth IRAs
Contributions to a Roth IRA are made with after-tax dollars, allowing you to access funds without penalties when you retire. A Roth IRA is funded with after-tax dollars, meaning contributions are not tax-deductible. However, qualified withdrawals in retirement, including earnings, are tax-free. There are no RMDs, making it an attractive option for those looking to maximize tax-free income later in life.
Rollover IRAs
When rolling over an existing retirement fund, we make the process seamless. A Rollover IRA is used to transfer funds from an employer-sponsored retirement plan, such as a 401(k), into an IRA without triggering taxes or penalties. This type of IRA preserves tax advantages while offering greater flexibility in investment choices compared to employer-sponsored plans.
Learn More
Certificates of Deposit (CDs)
Lock in the best rates on CDs with Evolve Bank & Trust’s secure savings solutions.
A Certificate of Deposit (CD) is a low-risk way to grow your savings while earning competitive interest rates. With Evolve’s CDs, you can enjoy guaranteed returns with fixed interest rates and flexible terms.
Features include:
- Low opening deposit of $1,000
- Interest rate varies and depends on maturity interval
- Choose a term to meet your needs
- Multiple interest payment options available
- You receive a notice by mail 10 days prior to maturity
- Automatically renewable with a 10 day grace period
- Early withdrawal penalties may apply
Longer-Term Commitment for Improved Results
Your overall financial plan can benefit from the strategic use of CDs to earn higher interest rates. Evolve offers CDs that earn more than a traditional savings account with fixed interest rates for the life of the deposit. That positions your money to grow over time.
Since there can be a penalty for early withdrawal, let us help you choose from a variety of term lengths to match your financial goals. Additionally, your deposits are FDIC-insured to give you peace of mind as you save.
Whether you need short-term security or long-term growth, Evolve has flexible solutions for your future.
Learn MoreBranch Locations
Banking Center
Triad Centre III
6070 Poplar Avenue, Suite 100
Memphis, TN 38119
Lobby Hours
9am-4pm CT, Mon-Thur
9am-6pm CT, Fri
Drive-Thru Hours
8:30am-5pm CT, Mon-Thur
8:30am-6pm CT, Fri
Closed Sat-Sun & Federal Holidays
Banking Center
123 West Parkin Street
Parkin, AR 72373
Mailing Address
PO Box 526
Parkin, AR 72373
Lobby Hours
8:30am-12pm CT, Mon-Fri
Drive-Thru Hours
8:30am-4pm CT, Mon-Thur
8:30am-5pm CT, Fri
Closed Sat-Sun & Federal Holidays
Banking Center
111 East Huntington Avenue
Suite A
Jonesboro, AR 72401
Lobby Hours
8:30am-5pm CT, Mon-Fri
Closed Sat-Sun & Federal Holidays
Virtual Teller & ATM
1810 Main Street
Jonesboro, AR 72401
Virtual Teller Hours
8:30am-5pm CT, Mon-Fri
Closed Sat-Sun & Federal Holidays
Financial Center
1566 Hwy 62/412
Highland, AR 72542
Mailing Address
PO Box 480
Hardy, Arkansas 72542
Lobby Hours
8am-5pm CT, Mon-Fri
Closed Sat-Sun & Federal Holidays
Banking Center
301 Shoppingway Boulevard
West Memphis, AR 72301
Lobby Hours
8:30am-5pm CT, Mon-Fri
Drive-Thru Hours
8:30am-5pm CT, Mon-Thur
8:30am-6pm CT, Fri
Closed Sat-Sun & Federal Holidays
Banking Center
1690 North Falls Boulevard
Wynne, AR 72396
Mailing Address
PO Box 1003
Wynne, AR 72396
Drive-Thru Hours
8am-5pm CT, Mon-Fri
Closed Sat-Sun & Federal Holidays
Financial Center
2860 I-55 Service Road, Suite A
Marion, AR 72364
Lobby Hours
8am-5pm CT, Mon-Fri
Closed Sat-Sun & Federal Holidays
Financial Center
101 East Chestnut Street Suite A
Rogers, AR 72756
Lobby Hours
8:00am-5pm CT, Mon-Fri
(No Drive-Thru)
Closed Sat-Sun & Federal Holidays
Mobile Banking
- 24/7 Account Access
- Easy Transfers & Deposits
- Rate Alerts & Notifications
Frequently Asked Questions
Why should I open an IRA?
Funding an IRA is an important way to build long-term retirement savings while enjoying significant tax advantages. Whether you choose a Traditional IRA for tax-deferred growth or a Roth IRA for tax-free withdrawals, an IRA account offers a secure way to grow your wealth and ensure a comfortable, worry-free retirement.
How do IRA accounts work?
With an individual retirement account, you contribute money that grows over time, either tax-deferred with a Traditional IRA, where you don’t pay taxes until you withdraw your money, or tax-free with a Roth IRA, where you contribute taxed income, but don’t incur any taxes upon withdrawal. Since IRAs are self-directed, you can choose to invest your IRA in financial instruments like stocks, bonds, or fixed accounts.
What’s the difference between a CD and an IRA?
A CD is a short- to mid-term savings option that earns a higher fixed interest rate than a traditional savings account, while an IRA is designed for long-term retirement savings with potential tax benefits. Both offer secure ways to grow your money, but an IRA provides more flexibility for retirement planning.
What are the best rates on CDs at Evolve?
Evolve offers competitive CD rates based on the term length and deposit amount. Contact us or check our mobile app for the latest certificates of deposit rates, maturities, and terms.