CD/IRA

We have the CD and IRA options that will help you get the most out of your savings. Find out how First Independent Bank is equipped to make your money work for you.

Whether short-term, intermediate, or long-term, we have the Certificates of Deposit (CD) and Individual Retirement Account (IRA) options that will help you get the most out of your savings.

Which is right for you?

That's where First Independent Bank's local experts come in. We are happy to go over all your options and find the right mix of return on investment and liquidity that fits your unique financial situation.

Speak with an Expert

First Independent Bank offers a wide variety of CD maturities:

  • 3 Month CD
  • 6 Month CD
  • 12 Month CD
  • 18 Month CD
  • 30 Month CD
  • 48 Month CD

CD/IRA RATES

Individual Retirement Account (IRA)

How much money will you need when you retire? An IRA is a powerful tool to help you build your cash reserves for retirement. It offers many tax advantages along the way as you are able to wisely prepare for your future. Enjoy the benefits of compounding interest as your IRA grows, and delay (or even eliminate) paying taxes on your earnings, depending on the type of IRA you choose. 

First Independent Bank offers a variety of IRA's

  • Traditional
  • Roth
  • SEP (Simplified Employee Pension)

We also accept IRA transfers, rollovers and direct rollovers from your 401K. Please consult your tax adviser for the IRA that fits your financial situation. 

Traditional IRA

A traditional IRA is a great way to build for your retirement while enjoying tax benefits. You will not pay tax on your earnings until you make withdrawals, and your contributions may be tax-deductible. This could be the right choice for you if you are under age 70½ and have earned income. 

Roth IRA

Contributions to a Roth IRA are not tax-deductible— but your earnings grow tax-deferred and withdrawals can be made tax-free.  Unlike a traditional IRA, you do not have to make annual withdrawals at a certain age. A Roth IRA could be the right choice for you if you expect to be in a higher tax bracket in the future.

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