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IRAs

Start thinking about tomorrow, today. First Bank offers both Traditional and Roth IRAs to help you save for the future.

Open an IRA

Talk to a Financial Services Representative today to get started.

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Individual Retirement Accounts

  • First Bank IRA CDs

    Minimum to open: $100

    First Bank offers various IRA (Individual Retirement Account) options. We have a number of accounts available with maturity terms ranging from 90 days to 5 years. Below you can find the most current information on each IRA CD account we offer, as well as rates for each type of account.

    `

    Product Name Interest Rate Annual Percent Yield
    3 Month CD 0.40% 0.40%
    6 Month CD 0.60% 0.60%
    12 Month CD 0.80% 0.80%
    15 Month Comfort CD 0.80% 0.80%
    18 Month CD 1.00% 1.00%
    18 Month Variable IRA 1.00% 1.00%
    24 Month CD 1.10% 1.10%
    36 Month CD 1.20% 1.20%
    60 Month CD 2.00% 2.01%
    HSA Account 0.05% 0.05%
    `

    Call 940.691.0000 for current rate information. Interest Rates and Annual Percentage Yields are accurate as of March 23, 2018, and are subject to change without notice.

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

    **Early withdrawal penalties on CDs are as follows:

    • 15 month CD term or less: 30 days’ interest on amount withdrawn
    • 18 month CD term or 24 month CD term: 90 days’ interest on amount withdrawn
    • CD Term is over 2 years: 180 days’ interest on amount withdrawn
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    There are exceptions to IRA withdrawals.

  • Tax Year 2018

    $100 Minimum to open an IRA

    • The total amount you can contribute to a Traditional IRA is $5,500.
    • People 50 and over can contribute an additional $1,000 for a total of $6,500.00
    • Certain income thresholds apply to Roth IRAs. For more information, please call us at 940.691.0000.
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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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