Tax benefits leave you with more money for special moments
What's your idea of a perfect retirement? Maybe spending time with family and friends. Maybe traveling the world and pursuing hobbies. Or perhaps all of the above. With a tax-advantaged Traditional or Roth IRAs from First National Bank, you'll have the savings you need to keep all those options open.
- Funds may be deposited in Certificates of Deposit or First Choice IRA accounts
- Contribute up to $7,000 annually ($8,000 if you are age 50 or over)
- With Traditional IRAs, you may be able to take a tax deduction each year you make a contribution
- With Roth IRAs, all qualified withdrawals are tax-free
- With both Traditional and Roth IRA, all annual interest earnings are tax-exempt
- Consult your financial advisor or a First National Bank representative for more information on Traditional and Roth IRAs
Stop by your local branch to get started today!
Important: First National Bank does not provide tax advice. Please consult your tax advisor to determine eligibility for this account and any tax implications it may have.
Certificates of Deposit
- $500 minimum opening deposit
- Choose savings terms from 12 months to 5 years
- In general, longer-term CDs come with the best interest rates
- Fixed interest rates to avoid market fluctuations
- Automatic renewal option available on selected accounts
- Free iStatements
First Choice IRA
- No minimum required to open account
- Competitive interest earnings
- Earn higher rates of return as your balance grows
- Open-ended account with no maturity date
- Make deposits anytime you wish
- Rollovers and consolidations are welcome
- Free iStatements
Self-directed IRAs, SEPs and Simple IRAs are also available to our customers. Additional terms and fees may apply to these products. Please inquire at the branch nearest you if you have an interest in opening an account of this type. If you are not certain about your eligibility to open an IRA, consult your accountant or financial advisor.
