Individual Retirement Accounts (IRA)

Isn't it time you started thinking about the future? With an IRA from First National Bank, you can start saving now so that when it's time to retire, you've got a good nest egg to retire with.

Our IRAs offer excellent interest rates and terms to make sure you're provided for when you're done with the full-time work lifestyle.

Let one of our professional advisors help you set up a long term plan so that you can stop worrying about the future and get back to living in the present.

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Individual Retirement Accounts (IRA)
Summary
  • Outstanding rates
  • Flexible terms
  • $100 minimum periodic deposits
  • Fixed rate
  • Penalty for early withdrawal
  • FDIC insured
  • $500 to open
More Information

Penalty for early withdrawal is 6 months interest on the amount withdrawn. Termination fee is $50 if account is closed or removed from this bank before you reach 59½ years old. IRA accounts may start being withdrawn at age 59½ and must start being withdrawn by the age of 70½ . You may make maximum deposits of $5000; plus cost of living adjustment.

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.

All IRAs are separately insured by the FDIC regardless of your other FNB account balances.