Individual Retirement Account*
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. First Guaranty Bank offers the Traditional, Roth and Education IRAs.
- Minimum to open account is $500.00
- One (1) year through eight (8) year IRAs available.
- Rates are fixed for the term of the certificate
- Interest is compounded annually and credited at maturity or at least annually
- Automatic renewal at the prevailing rate
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More information
- Penalty for early withdraw (IRAs may also incur additional penalties stated by the IRS)
- $10.00 per customer IRA Administrative Fee
- Free Internet Banking available
Target Individual Retirement Account*
- Minimum to open account is $500.00
- One (1) year variable rate certificate, same rate as 91-day Treasury Bill less .50%, changes weekly.
- Compounded annually, interest credited annually
- Automatic renewal at the prevailing rate
- Penalty for early withdraw (IRAs may also incur additional penalties stated by the IRS)
-
More information
- $10.00 per customer IRA Administrative Fee
- Free Internet Banking available
*Current rates, yields and account disclosure forms available upon request from our customer service representatives.
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