IRAs
IRAs offer new opportunities to people of all ages, allowing savings to grow tax-deferred or tax-free, depending on the IRA chosen. Contributions can add up to major savings for retirement, education, or buying a first home. FGB offers Traditional and Roth IRAs.
- $500 minimum deposit to open
- No monthly service charge
- One (1) year through eight (8) year IRA terms available
- Rates are fixed for the term of the certificate
- Automatic renewal at the prevailing rate
- Penalty for early withdrawal (IRAs may also incur additional penalties stated by the IRS)
Target IRA
- $10 minimum deposit to open
- No monthly service charge
- One (1) year variable rate certificate*
- Automatic renewal at the prevailing rate
- Penalty for early withdrawal (IRAs may also incur additional penalties stated by the IRS)
Standard Features on all IRAs
- Online and Mobile Banking (inquiry only)
- 24 Hr Telephone Banking
*Current rates, yields, and account disclosure forms available upon request from our Customer Support Agents