$500.00 minimum deposit to open.

$100.00 minimum periodic deposits.

Penalty for early withdrawal is 6 months interest on the amount withdrawn. Termination fee is $50.00 if account is closed or removed from this bank before you reach 59 1/2. IRA accounts may start being withdrawn at age 59 1/2 and must start being withdrawn by the age of 70 1/2. You may make maximum deposits of $2000.00 if you are single, $2250.00 if you are married and your spouse does not work, and $4000.00 if you both work. The maximum you may deduct from your taxes will be based on earnings for the year whether or not you or your spouse are covered by a pension plan. It is advisable to check with your tax consultant in order to determine how much of your contribution may be deductible. Choose from an 18 month variable rate option which changes every 6 months or an 18 month fixed rate. All IRA's are separately insured by FDIC regardless of your other First National account balances.