Personal CDs, Traditional IRAs and ROTH IRAs

Building your financial future.

Your plans for the future will require a solid nest egg. There are many reasons to save: to handle day-to-day emergencies, save for college, prepare for retirement, or simply to have peace of mind. First Financial can help. We offer competitive CD rates with terms from 7 days to 60 months and IRAs providing a secure, tax deferred way to save.

A Certificate of Deposit is an excellent saving choice when you want to earn more than a savings account. To meet your short term or long term investment goals, First Financial offers CD options for as little as $500 and for terms as short as 7 days.

If you are seeking savings options for your retirement years, an Individual Retirement Account is a great choice. First Financial offers two types: Traditional IRA and ROTH IRA.

Traditional IRA

A traditional IRA offers tax-deferred earnings as well as tax-deductible contributions. If you are looking to manage your own retirement savings or to supplement an existing retirement savings plan, the Traditional IRA is a great pre-tax option.

  • Highlights include:
  • Minimum opening deposit of $500
  • Contributions may be tax deductible
  • All funds accumulate in a tax-favored account
  • Taxes are deferred until required distributions at age 70 1/2, when you may be in a lower tax bracket

Roth IRA

Introduced with the Taxpayer Relief Act of 1997, a Roth IRA also offers tax-deferred earnings, but the contributions are not deductible. It’s an attractive alternative to the Traditional IRA with generous withdrawal conditions.

  • Highlights include:
  • Minimum opening deposit of $500
  • Can continue contributions after age 70 1/2
  • Distributions at 70 1/2 are NOT required
  • Qualified distributions are tax free

Visit any of our convenient locations to meet with a Personal Banker and discuss how we can help securely build your financial future.

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