Roth IRA

The Roth IRA is a nondeductible savings plan that features federal income tax-free withdrawals for certain distribution reasons after a five-year holding period.

First Investor Account

A special account designed for the IRA investor only.

• Minimum deposit amount $25.00
• Tiered interest rates according to account balances
• Interest compounded monthly
• Interest rates are subject to change each June and December
• Additional fees are as follows:
  • Under age 59 ½ - $10.00 per withdrawal
  • Over 59 ½ - planned withdrawal- no fee
  • Mandatory pay out - no fee
  • Transfer/Closing fee - $30.00
  • Over 59 ½ - one per year free -additional withdrawals, $5.00 each.

The above fees applies to all IRA investments (Savings, C.D.'s, Hi-Fi, etc.)