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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.
*Consult your tax advisor or financial planner for more information.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).*
*Consult your tax advisor or financial planner for more information.**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.
*Consult your tax advisor or financial planner for more information.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 Your CESA allows for tax-deferred growth and proceeds to be withdrawn tax-free for qualified education expenses at a qualified institution.**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. |