FirstBank Southwest offers a wide variety of FDIC-insured Individual Retirement Account products and services, including Traditional, ROTH and SEP IRA’s. Each one has benefits to meet your investment needs. We offer both fixed-rate as well as variable-rate options in terms starting at 12 months. Unlike a certificate of deposit, you may add funds to your IRA account at any time, as long as you have earned income. Interest is compounded daily and we do not charge maintenance or transfer fees.
The minimum opening deposit is $100. If funds are withdrawn early, there may be a substantial penalty. Funds withdrawn before age 59 1/2 must be transferred to another qualified plan or a government penalty may apply. Contact a New Accounts Representative today at your nearest FirstBank Southwest location for more information.
*Maximum Contribution amounts depend on type of IRA opened as well as your Modified Adjusted Gross Income and your age. Catch-up contributions for those over 50 allowed.
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