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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
  • More information
    • Penalty for early withdraw (IRAs may also incur additional penalties stated by the IRS)
    • Free Internet Banking available

Target Individual Retirement Account*

  • Minimum to open account is $10.00
  • One (1) year variable rate certificate,initial interest rate will be equal to the montly 91 day T-Bill rate in affect as of the 1st of the month, may change monthly.
  • 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
    • Free Internet Banking available

*Current rates, yields and account disclosure forms available upon request from our customer service representatives.

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