FDIC Insured - Backed by the full faith and credit of the U.S. Government.
FDIC Insured - Backed by the full faith and credit of the U.S. Government.
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Certificates of Deposit (CDs)First Federal Bank offers certificates of deposit - or CDs - with a variety of terms and competitive rates. Generally, the longer the term, the higher the yield.
*Not available for public funds |
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Individual Retirement Accounts (IRAs)First Federal Bank offers a full range of Individual Retirement Accounts (IRAs) with competitive rates and flexible options to meet your needs. Whether you choose a fixed- or variable-rate IRA, we provide a variety of payout options and the opportunity to make additional contributions.
Traditional IRAA Traditional IRA is a retirement account that you fund with pre-tax income. Contributions are tax-deductible (subject to certain Modified Adjusted Gross Income limitations) and interest earned is tax-deferred. Enjoy penalty-free distribution to pay certain higher education expenses or for first-time home purchases (additional reasons apply).*
**Individuals born on or before June 30, 1949, are required to begin taking a Required Minimum Distribution at age 70½.Roth IRAA Roth IRA is a retirement account that you fund with post-tax income so you cannot deduct your contributions on your income taxes, but all future withdrawals that follow Roth IRA regulations are tax-free.
Coverdell Education Savings Account (CESA)†A Coverdell Education Savings Account is an account designed to encourage savings to cover future education expenses such as tuition, books, and uniforms. Your CESA allows for tax-deferred growth and proceeds to be withdrawn tax-free for qualified education expenses at a qualified institution.**
†Formerly referred to as an Education IRA.*Consult your tax advisor or financial planner for more information. |