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!
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- Open your Variable-Rate IRA with as little as $10
- Additional deposits at any time
- No maturity date
- Variable Rate of Interest
- Linked Account Transfers
- Direct Deposit
- Online & Mobile Banking
- FDIC Insurance
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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!
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- Available Terms: 91 or 182 Days, 1, 2, 3 and 5 Years, and occasional CD specials as they become available
- Opening Deposit Amounts: $1,000 for any term under 3 Years; $500 for 3 through 5 Year terms
- Your earnings grow tax-deferred and, if eligible, you can rollover your 401(k) or employee-sponsored retirement plan to consolidate your retirement funds
- Online & Mobile Banking
- FDIC Insurance
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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.
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- Flexible terms from 3 months to 5 Years
- Opening Deposit Amounts: $1,000 for any term under 3 Years; $500 for 3 Years or more
- Invest after-tax dollars today and watch your investment grow tax-free!*
- Get your principal contribution back at any time for any reason without taxes or IRS penalties
- Don’t pay taxes on any of the earnings, provided you withdraw the earnings as part of a qualified distribution**
- Interest-bearing
- Online & Mobile Banking
- FDIC Insurance
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