Account Services - Savings / CDs / IRAs
You work hard for your money - make your money work hard for you. Select the FDIC insured account that works best for you.
- Christmas Club
- Savings Account
- Certificates of Deposit (CDs)
- IRAs
Christmas Club
- No minimum balance to open
- $25 dollar balance required to obtain APY
- ATM card available with account
Savings Account*
- Free ATM Card
- Unlimited ATM/Teller withdrawals
- Call First
- Direct Deposit
- Six transfers per month at no charge to other First National Bank & Trust accounts or to third parties
*No minimum balance requirement for minors under age 18
Certificates of Deposit (CDs)
- $500 opening balance
- Make additional deposits of $100 or more during the original term of the certificate
- Earn interest at the current rate at the time of deposit
- Original balance plus any deposits will mature at the same time
- Available at the following terms: 91 days, 182 days, 1, 2, 3, and 5 years
- Penalty if withdrawn before maturity date
All certificates of deposit are insured up to $250,000 by the FDIC.
"Win-Win Option" - Allows two rate increases on a 1 year CD as market rate increases.
For more information, please call or visit one of our offices, or e-mail us.
Traditional IRA
A traditional IRA is an account that allows you to defer taxes on the earnings on your contributions until they are withdrawn. Also certain contributions are tax deductible in the tax year for which they are made.
- Penalty for early withdrawal
- "Win-Win Option" - all IRAs allow two rate increases over the 12-month term as market rate increases
- Minimum opening deposit: $50.00
Roth IRA
The Roth IRA allows only nondeductible contributions and features tax-free withdrawals for certain distribution reasons after five years. For persons who expect to be in a higher tax bracket when you retire, a Roth IRA may be more beneficial than a Traditional IRA.
- Your modified adjusted gross income must meet certain guidelines to qualify for a Roth IRA.
Coverdell Education Savings Account (Formerly Known as Education IRAs)
This account is a nondeductible account that features tax-free withdrawals for a child's education expenses. Qualified higher education distributions are penalty free and federal income tax free. Consult a tax advisor to discuss your individual situation.
Please consult your tax advisor before opening an IRA account.
For more information, please call or visit one of our offices, or e-mail us.
