Savings, CDs and IRAs
First National Bank offers a variety of savings options to simplify your banking experience and help you plan for the future. For additional information on any of our products or services, please contact any one of our branch locations.
Savings Accounts
Savings solutions to fit your financial goals: long-term, short-term, and everything in between.Statement Savings
Great for savers big or small! Let your money work for you by earning interest as you save.
- $50 Minimum Opening Deposit
- $50 minimum average monthly balance to avoid a service charge
- Automatic transfer option available
Christmas Club
Put some jingle in your pocket when you need it most. Our Christmas Club account can help you save throughout the year for the added expense of the Holidays.
- $2 Minimum Opening Deposit
- Funds dispersed in October
- Automatic transfer option available
- $10 early withdrawal penalty
Certificate of Deposit (CDs)
Lock it in and let it grow.
A Certificate of Deposit (CD) is a type of account where you deposit a fixed amount of money for a specific period, in exchange for a fixed interest rate.
Traditional CD
Choose the term that's right for you. Enjoy a secure, fixed rate investment option with attractive returns.
- Terms Available: 3, 6, 12, 18, 24, 30, 36, 48 and 60 months
- Minimum opening deposit varies based on term selected
- Refer to Certificate of Deposit Rate Chart for terms available
Power CD
Receive all of the benefits of our Certificate of Deposit without losing the “Power” to command your funds.
- $10,000 Minimum Opening Deposit
- Option to raise your interest rate to the current market rate twice after the first 12-month period expires
Sprout CD
Our “Sprout” CD allows you to start saving for a child’s future at a higher rate of interest.
- $25 Minimum Opening Deposit
- Choose an 11, 35, or 59 month term
- Unlimited deposits of $25 or more until age 18 is obtained
Individual Retirement Accounts (IRAs)
It’s never too early to be thinking about retirement. Whether your goal is higher education for your children or retirement for yourself, we offer a product to help you reach your goals.
Traditional
Our Traditional IRA allows you to defer taxes on your earnings until they are withdrawn. Certain contributions into this account are even tax deductible.
We encourage you to contact your tax advisor to discuss your tax deductibility status when making retirement decisions.
Roth
The major benefit of our Roth IRA is tax-free earnings growth.
If you expect to be in a higher tax bracket when you retire, our Roth IRA may be more beneficial to you.
We encourage you to contact your tax advisor to discuss your tax deductibility status when making retirement decisions.
IRA Comparison Chart
Details | Traditional IRA | Roth IRA |
|---|---|---|
| FDIC Insured | Up to $250,000 | Up to $250,000 |
Contribution Eligibility | Earned income in the calendar year | Earned income in the calendar year |
| Annual Contributions | Not Required | Not Required |
| Income Limits | None | Set By Eligibility MAGI Thresholds |
Maximum Annual Contributions | $7,000 $8,000 for those 50 and older | $7,000 $8,000 for those 50 and older |
Spousal Contributions | Accepted | Accepted |
Contribution Due Date | April 15 of the next calendar year | April 15 of the next calendar year |
Tax Consequences | Tax-deferred earning. Contributions may be tax deductible | Tax-free distributions at retirement. Contributions are made with post-tax dollars. |
| Distributions | Anyone obtaining age 73 in year 2025 must begin by April 1, 2026 | No mandatory disbursements |