Certificates of Deposit (CDs)

First National Bank offers a wide variety of certificates of deposit (also called time deposit accounts or time certificates) with several maturity terms from 3 months through 60 months. Rates are established weekly and are fixed during the term to maturity. Special term & rate certificates may be offered from time to time.

Interest is paid or compounded monthly, quarterly, or semi-annually on CD’s of at least $1,000. On CD’s less than $1,000, interest is paid or compounded quarterly or semi-annually. Most accounts are automatically renewed at maturity at the rate in effect at maturity. Early Withdrawal Penalties May Apply. Call a First National Bank Customer Service Representative about our products.

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Individual Retirement Accounts (IRAs)

As millions of Americans have already discovered, IRAs are one of the best savings tools available today. More people than ever before are now eligible to take advantage of the incredible tax advantages available through IRAs.

IRAs were established to encourage individuals to save for retirement. Now we have IRAs that can be used for education, first home purchases and medical expenses, “We offer Traditional IRAs, Roth IRAs and Coverdell Education IRAs. See a First National Bank Customer Service Representative about our IRA Products. (The rules & restrictions governing IRAs are many; check with your tax advisor for the benefits of an IRA in your specific situation)

First National Bank is a community bank and does not solicit accounts outside of our market area.

Account Type	Opening Balance	Minimum Balance Requirements	Monthly Service Charge	Interest Bearing
Traditional - Variable More»	$100	No	No	Yes
Traditional IRA Contribution Eligibility: Anyone who is younger than age 70 ½ for the entire year and has compensation or is the spouse of someone who has compensation. Contribution deadline is individuals tax filing due date, excluding extensions. Contribution limits apply. Distributions: Distributions must begin at age 70 ½. Failure to take a Required Minimum Distribution will result in a 50% excise tax assessment on the undistributed amount.
Roth - Variable More»	$100	No	No	Yes
Roth IRA Roth IRAs are nondeductible accounts that are free from federal income taxes for certain distribution reasons after a five year holding period. They are generally treated in the same manner as the Traditional IRA. Contribution limits apply.
Educational - Variable More»	$100	No	No	Yes
Coverdell Education Savings Account (CESA) A Coverdell Education Savings Account (CESA) is a nondeductible savings account that features withdrawals that are federal income tax-free and penalty free if used for qualified education expenses. Contribution limits apply.
Guaranteed - Fixed More»	$100	No	No	Yes
Guaranteed - Fixed No content given for this type of IRA.

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