Certificate of Deposit (CD) 
 
Whether short-, intermediate- or long-term, we have the Certificates of Deposit and Individual Retirement Account 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. 
 
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 
Click here for CD and IRA interest 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, while offering many tax advantages along the way. 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.  
 
 
Contact one of First Independent Bank's personal bankers for more details.  
 
Click here for CD and IRA interest rates.  
 

 
 
 
 
 
 
 


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