IRA Products

FSB’s Variable-Rate IRA offers incredible flexibility with no fixed maturity date and a variable rate of interest. Transfer funds on a scheduled basis from your FSB checking or savings accounts too. It’s that easy!

If you want to retire comfortably, Social Security alone may not be enough. Even a modest lifestyle will most likely need a supplemental income. Pay yourself now and save for retirement later with FSB’s Traditional IRA retirement plans. Save pre-taxed money and claim your annual contributions as a tax-deduction every year. When you open a fixed-rate Traditional IRA at FSB, you can also take advantage of our Bank CD Special rate with terms of 91 days or more.  If you prefer to make regular deposits to your IRA, choose our Variable-Rate account option. Either way, FSB’s IRA options are a fantastic way to start or sustain your retirement savings!

If you are interested in a Roth IRA, you pay the taxes on contributions now without having to worry about it in the future. Provided you withdraw the funds after the age of 59 ½, you will receive your payments tax-free. While you cannot claim your contributions on your taxes, you’ll be able to take your contributions out later – without worrying about taxes.  When you open a fixed-rate Roth IRA at FSB, you can also take advantage of our Bank CD Special rate with terms of 91 days or more. If you prefer to make regular deposits to your IRA, choose FSB’s Variable-Rate IRA account option. Either way, FSB’s IRA options are a GREAT way to start or supplement your retirement savings!

*Consult your qualified tax advisor for more information.

** Qualified tax-free distributions are those taken after a five-year holding period for any of the following reasons: age 59 1/2, permanent and total disability, death, or first-time home purchase.

A good education is so incredibly valuable. If you want to make sure your child’s education costs are covered, consider FSB’s Coverdell Education Savings Account IRA. You can make after-tax contributions of up to $2,000 per beneficiary per year—in addition to the maximum Traditional or Roth IRA contributions.  The best part is that if you use the accumulated earnings to pay for higher education costs, withdrawals can be tax-free! When you open a Coverdell Education Savings Account IRA with FSB, you can also take advantage of our Bank CD Special rate with terms of 91 days or more.  Open a Variable-Rate IRA account and make deposits when you want—it’s your choice.

**Consult your qualified tax advisor for more information