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Savings / Certificates of Deposit Individual Retirement Accounts (IRAs)

You work hard for your money - make your money work hard for you. Select the FDIC-insured account that works best for you.

Savings
Certificates of Deposit
IRAs

Savings*

Free ATM Card
Unlimited ATM/Teller withdrawals
Call First
Direct Deposit
Six transfers per month at no charge to other Integrity First Bank accounts.

*No minimum balance requirement for minors under age 18

Certificates of Deposit

$500 opening balance
Make additional deposits of $100 or more during the original term of the certificate
Earn interest at the current rate at the time of deposit
Original balance plus any deposits will mature at the same time
Available at the following terms: 3 months, 6 months, 12 months, 24 months, 36 months and 60 months
Penalty if withdrawn before maturity date

All certificates of deposit are insured up to $250,000 by the FDIC.

Allows two rate increases on a 1 year CD as market rate increases.

Individual Retirement Accounts (IRAs)

Traditional IRAs
Roth IRAs
Coverdell Education Savings Account

Traditional IRA - A traditional IRA is an account that allows you to defer taxes on the earnings on your contributions until they are withdrawn. Also certain contributions are tax deductible in the tax year for which they are made.

Penalty for early withdrawal
"Win-Win Option" - all IRAs allow two rate increases over the 12-month term as market rate increases
Minimum opening deposit: $50.00

Roth IRA - The Roth IRA allows only nondeductible contributions and features tax-free withdrawals for certain distribution reasons after five years. For persons who expect to be in a higher tax bracket when you retire, a Roth IRA may be more beneficial than a Traditional IRA.

Your modified adjusted gross income must meet certain guidelines to qualify for a Roth IRA.

Coverdell Education Savings Account
This account is a nondeductible account that features tax-free withdrawals for a child's education expenses. Qualified higher education distributions are penalty free and federal income tax free. Consult a tax advisor to discuss your individual situation.

For more information, please call or visit one of our offices, or e-mail us.

Please consult your tax advisor before opening an IRA account.