Similar to certificates of deposit, individual retirement accounts pay a higher rate of interest on funds left on deposit for a specific length of time, with penalties for early withdrawal. Specific IRS guidelines apply to eligibility, contributions and withdrawals.

arrow First Bank offers traditional IRAs, Roth IRAs and Coverdell Education Savings Account IRAs to assist you in your retirement planning.
arrow Select a fixed rate plan with terms ranging from 6 months to 48 months, or a variable rate plan with 12 to 18 month terms.
arrow Minimum deposit amounts vary between $25 and $500.
arrow Contact our Customer Service Representative for more detailed information.

Traditional IRA: Tax deferred earnings with deductible contributions.

Roth IRA: Tax free earnings with non-deductible contributions.

Coverdell Education Savings Account IRA: Education savings program made with after-tax contributions. Earnings are tax-free if used for qualifying reasons.

Consult your tax advisor for specific information regarding IRA eligibility and contribution guidelines.

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Harvey County's Oldest Bank... Established 1873