Ready to start that nest egg for retirement?First Bank has the right products to fit your saving needs
Certificates of Deposit1
For longer term investments with higher yields, open a certificate of deposit. Ask one of our bankers to design a CD that fits your needs today.
- Variety of terms and maturities available
- $500 minimum opening deposit
Individual Retirement Accounts (IRA)2
Let us help you as you plan your family's future with an
IRA. An IRA account is a savings program that allows you to set aside money for retirement. We offer several IRA options to help meet your retirement and educational savings goals1.
- Variety of terms and maturities available.
- Traditional, Roth and Coverdell (Educational Savings) accounts are available.
Traditional Individual Retirement Account
Make investments that will grow tax-deferred until you remove money from your account. Your contributions to a Traditional IRA may be tax-deductible depending on your participation in a workplace retirement plan and certain income limitations.
Roth Individual Retirement Account
If you do not exceed certain income limits, a Roth IRA allows you to invest money by making non-deductible contributions that grow tax-free. You can make those investments whether you are covered by an employee-sponsored retirement plan or not. Working taxpayers and non-working spouses of any age may be eligible to open and contribute to a Roth IRA.
Coverdell Education Savings Account (ESA)
If you are wondering how you will pay for your child's education, a Coverdell ESA can be a smart way to save. Your withdrawals are tax-free if used for tuition, books, and other qualified higher-education expenses.
1 A penalty may be imposed for early withdrawal.
2 Consult your tax professional.