First National Bank

Traditional IRA

Coverdell Education Savings Account (CESA)

Roth IRA

SEP IRA

IRA Savings

IRA CDs

IRA CD Rates

Traditional IRA

If you are under 70 ½ for the entire tax year and have earned income,
you may be eligible to establish a tax deductible IRA.
All earnings on your IRA contributions (deductible and/or nondeductible) remain tax deferred until you make withdrawals from the account.
You may invest in either a savings account or CD.

Coverdell Education Savings Account (CESA)

Formerly known as the Education IRA. This is a nondeductible account that features penalty-free and tax-free withdrawals made for the purpose of a child’s higher education expenses.
A contribution can be made on behalf of a child if certain requirements are met.
You may invest in either a savings account or CD.

Roth IRA

If you (or your spouse) have earned income and meet certain income
requirements, you are eligible for this nondeductible account that
features tax-free withdrawals for certain distribution reasons after a
five year holding period.
You may invest in either a savings account or CD.

SEP IRA

A Simplified Employee Pension (SEP) allows an employer to make contributions to an employee’s retirement.
Any employer, whether a corporation, partnership, or a self-employed individual, may establish a SEP even if there are no other employees.
You may still qualify to contribute to a regular IRA.
You may invest in either a savings account or CD.

IRA Savings

An IRA Savings account gives you the benefit of earning a variable rate of interest and you can easily add to the balance.

IRA CD’s

Earn a competitive rate of interest for the term that best suits your investment needs.
Interest can be automatically deposited to your checking, savings or added back to the CD.
Open a CD today with a $500.00 minimum balance.
Click here to view IRA CD rates.

All current rules and regulations of the bank apply. Federal regulations
require us to impose a penalty for early withdrawal of a time deposit. Customers are reminded to seek the advice of their tax consultant first for complete tax and IRA information.