IRA Savings and Certificate of Deposits Rates

Rate are effective as of 05/19/23.
Rates Subject to Change Without Notice.

IRA Savings and Certificate of Deposits

IRA^ TermMinimum Dollar Amount to Open Account and obtain APYInterest RateAnnual Percentage Yield*
7 Month IRA Special1$500.004.45%4.50%
13 Month IRA Special1$500.004.25%4.25%
21 Month IRA Special1$500.003.25%3.25%
Add On IRA2$100.000.20%0.20%
IRA Statement Savings$0.000.10%0.10%
12 Month IRA$500.000.20%0.20%
18 Month IRA$500.000.25%0.25%
24 Month IRA$500.000.30%0.30%
36 Month IRA$500.000.35%0.35%
48 Month IRA$500.000.40%0.40%
60 Month IRA$500.000.40%0.40%
* Interest is compounded annually and credited annually and at maturity with the exception of the 6 month, 7 month and 91 day CD terms which compound and credit at maturity.
1- Renewal into closest lower traditional certificate of deposit term at the current published market rate at time of renewal.
2- Unlimited deposits allowed. Maturity date is chosen by the customer and set at the time the account is opened, must be at least six (6) months from opening date. Account automatically renews into a 12 Month Add-On IRA term based on selected maturity date, at the rate offered at the time of renewal.
^ Withdrawals from IRA products before age 59½ may be subject to additional taxes and penalties; consult your tax advisor regarding the tax implications. Certain retirement accounts are insured by the FDIC separately from non-retirement funds you may have on deposit with FFBWI.
Interest rates are subject to change without notice.
Fees may reduce earnings. A penalty may be imposed for early withdrawal from the accounts listed unless otherwise noted. Refer to account disclosures for full details.