Traditional IRA

Individual Retirement Account (IRA) is a special savings plan authorized by the federal government to help accumulate funds for retirement.

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.)