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IRAs

Our IRAs offer a great way to save for retirement, or supplement your existing retirement accounts. Reach for your financial goals with a Traditional or Roth IRA from First Bank.

Open an Account

Get in touch with a Financial Services Representative today to open an account.

Our IRAs offer a great way to save for retirement, or supplement your existing retirement accounts. Reach for your financial goals with a Traditional or Roth IRA from First Bank.

Open an Account

Get in touch with a Financial Services Representative today to open an account.

Individual Retirement Accounts

Helping you plan for the future.

Roth IRAs
Traditional IRAs
Terms from 90 Days to 5 Years
Options to Suit Your Goals
Streamlined Process
Personal Service & Support
  • Minimum to open: $100

    IRA Account Options

    Our Traditional and Roth Individual Retirement Accounts (IRAs) are an excellent way to secure your financial future. Almost anyone can contribute to an IRA, even if you or your spouse already have another financial retirement pensions or plans.

    We offer various IRA term options, with maturity terms ranging from 90 days to 5 years. Below you can find the most current information on each IRA account we offer, as well as current rates for each type of account. All of the below account options can be opened either as a Traditional or Roth IRA.

    Product Name Interest Rate Annual Percentage Yield
    3 Month 0.80% 0.80%
    6 Month 1.00% 1.00%
    12 Month 2.00% 2.02%
    15 Month Comfort 1.25% 1.26%
    18 Month 1.30% 1.31%
    24 Month 2.35% 2.37%
    36 Month 1.60% 1.61%
    60 Month 2.00% 2.01%

    Speak with a Financial Services Representative for current rate information. Interest Rates and Annual Percentage Yields are accurate as of November 4, 2022, and are subject to change without notice.

    • $100 minimum to open an IRA.
    • Must maintain a daily balance of $1,000 to obtain this disclosed Annual Percentage Yield.
    • A penalty may be imposed for early withdrawal.1
    • Please read our Privacy Policy.
    • Fees could reduce earnings to the account.

    1Early withdrawal penalties on IRAs are as follows:

    • 15 month term or less: 30 days’ interest on amount withdrawn
    • 18 month term to 24 month term: 90 days’ interest on amount withdrawn
    • Term is over 2 years: 180 days’ interest on amount withdrawn
Don't take our word for it

It has been our pleasure to use First Bank for our business and personal banking needs. We recommend First Bank to anyone who is looking for a top service bank with a personal touch.

Rodney L. – Frisco, TX

I can't say enough about this bank. The folks that work here are phenomenal.

Joseph F. – Aledo, TX

I love First Bank because I have always felt important and taken care of! I have been with them for over 30 years. They have gone above and beyond to help with my needs.

Carol B. – Wichita Falls, Texas

First Bank is very easy to work with – they're a great team. I couldn’t imagine banking with anyone else.

Shawn C. – Carrollton

When I started looking for a loan, a friend recommended First Bank. I had such a good experience, I have since moved all my banking there.

Ruben R. – Wichita Falls, Texas

IRA Resources

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Saving money is a great way to work on your finances and help you plan for the future.

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Customer Information Change

If your personal information has changed, please fill out our Customer Information Change Form, and mail or fax the completed form to us.

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Financial resources to help with budgeting, retirement planning, financial aid for higher education, debt reduction, and more.

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