Skip Navigation Documents in Portable Document Format (PDF) require Adobe Acrobat Reader 5.0 or higher to view,download Adobe® Acrobat Reader.
Close Online Banking
A kids rides on a bike with his father.

Regular CD

  • Opening Deposit: $1,000 Minimum
  • Auto-renewable
  • No additions until maturity
  • Terms Available:
    1 Month 3 Months 6 Months
    12 Months 18 Months 24 Months
    30 Months 36 Months 48 Months
    60 Months

  • Early Withdrawal Penalties:
    • 30 day – 1 year term: 90 days interest penalty
    • 18 month – 30 month term: 180 days interest penalty
    • 3 year – 5 year term: 365 days interest penalty
  • Contact Us for rates

2 Year First Choice CD

  • Opening Deposit: $2,500 Minimum
  • Auto-renewable
  • You can make a minimum of $500 deposits to the account at your discretion. Total deposits may not exceed the original face value of the certificate of deposit. Additions allowed (limits apply).
  • Annual Percentage Yield (APY) is tied to the regular 2 Year CD APY; can be adjusted one time during the 2 year term upon your written request
  • 180 days interest penalty for early withdrawal
  • Contact Us for rates

Will retirement be enough? An Individual Retirement Account (IRA) is a way to save for retirement and/or supplement your employer-sponsored retirement plan. Consult your tax advisor to see if investing in an IRA could qualify you for a tax credit!

IRA Comparisons

Traditional IRA

  • Contributions may be tax-deductible
  • Interest earned is tax deferred
  • No minimum age requirement to contribute; the maximum age to contribute is 70 ½
  • Accountholder must have earned income and file a tax return
  • Contribution limits may apply

Roth IRA

  • Contributions are not tax-deductible
  • Interest earned is tax-free and penalty free as long as the distributions are qualified
  • No minimum age requirement to contribute; no maximum age to contribute
  • Accountholder must have earned income and file a tax return
  • Contribution limits may apply

Coverdell Education Savings Account (CESA)

  • Established for the benefit of a child under the age of 18
  • Contributions are not tax-deductible
  • May contribute $2,000 per tax year
  • Interest earned is tax-free and penalty free as long as the distributions are for qualified educational expense
  • No minimum or maximum age requirements for the contributor
  • The contributor does not need to have an earned income

Fixed Rate IRA

  • Available plans: Traditional, Roth, and Coverdell
  • Minimum opening deposit: $1,000
  • Auto-renewable
  • Annual Percentage Yield (APY) is tied to the corresponding regular CD APY
  • No additions allowed until maturity
  • Terms available:
    • 12 Months
    • 24 Months
    • 36 Months
    • 48 Months
    • 60 Months
  • Early Withdrawal penalties:
    • 12 Month Term: 90 day interest penalty
    • 24 Month Term: 180 day interest penalty
    • 36-60 Months Term: 365 day interest penalty

18 Month Variable IRA

  • Available plans: Traditional, Roth, and Coverdell
  • Minimum opening deposit: $100
  • Auto-renewable
  • Annual Percentage Yield (APY) changes monthly
  • Can make additions anytime
  • 180 day interest penalty for early withdrawal

24 Month First Choice IRA

  • Available plans: Traditional, Roth, and Coverdell
  • Minimum opening deposit: $2,000
  • Auto-renewable
  • Annual Percentage Yield (APY) is tied to the regular 2 Year CD APY
  • Your APY can be adjusted one time during the 2 year term upon your written request
  • Can make a minimum of $500 deposits to your account at your discretion
  • 180 day interest penalty for early withdrawal

60 Month Roth IRA

  • Available plan: Roth
  • Minimum opening deposit: $500
  • Auto-renewable
  • Annual Percentage Yield (APY) is tied to the regular 5 Year CD APY
  • Your APY can be adjusted two times during the 5 year term upon your written request
  • Can make a minimum of $100 deposits to your account at your discretion
  • 1 year interest penalty for early withdrawal

Note on interest-bearing accounts: Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks). We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest rates my change anytime at the bank’s discretion. For current interest rate information contact First Bank & Trust Co.