INDIVIDUAL RETIREMENT ACCOUNTS (IRAs)
With an IRA from First National Bank, you get secure, completely-insured investment options with a manageable initial investment, without opening or closing bank fees. Just select the IRA that fits your investment goals.

Traditional

• Earnings are tax deferred until withdrawal
• Annual contributions of $5,000 or 100 percent of earned income, whichever is less
• Contributions may be tax deductible*
• Created for individuals who do not participate in employer sponsored retirement plans
• Certain individuals who do participate in employer sponsored retirement plans may still qualify

Roth

• Offers a tax structure unlike any other IRA, with after-tax contributions and tax-free growth*
• Qualified withdrawals are not taxable

Coverdell

• Great investment for your child or grandchild’s education
• Money may be used for elementary, high school, or college expenses
• Annual contributions of $2,000 can be made
• Contributions can be made for a beneficiary under the age of 18

For more information email cd-ira@fnbames.com or call (515) 232-5561.

*Please consult your tax advisor regarding specific tax advantages.


Back to Top

<< back to Personal Banking

INVESTING SERVICES
Certificates of Deposit (CDs) | Individual Retirement Accounts (IRAs) | Savings Bonds

Click here to login to Personal Banking.

Want to bank online? Sign up now or learn more.