IRAs

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

*Current rates, yields, and account disclosure forms available upon request from our Customer Support Agents