Personal CDs & IRAs
|Account Type||Terms Available||Minimum to Open||Minimum to Earn Stated Interest|
|Certificates of Deposit||3-6-12|
|Special Certificate of Deposit||Varies||Varies||Varies|
|Individual Retirement Accounts (Individuals only)||3-6-12|
Certificates of Deposit
Simple way to grow your funds with various terms available.
About Certificates of Deposit
- Earns an attractive rate of interest
- Guaranteed interest rate for the term of the deposit
- Automatic renewal at maturity
- Penalties for early withdrawal
Special Certificate of Deposit
From time to time First Home Bank offers special rates, with special term Certificates of Deposit.
To take advantage of our current CD special, please contact us at any of our convenient locations.
Individual Retirement Accounts (Individuals only)
IRAs are security for retirement with tax benefits. Recent changes have expanded an IRA’s value for many people.
- Traditional IRA
- Education IRA
- Roth IRA
Traditional IRA – fixed interest rate terms available Fixed Traditional IRA
- Flexible terms
- Attractive interest rates
- Interest is tax-deferred in most cases (consult your tax advisor)
- Maximum annual contribution applies
Roth IRA is a tax-free way to invest for your retirement. The Roth IRA is a non-deductible account that features tax-free withdrawals for certain distribution reasons after a five year holding period. Consult your tax advisor to see if a Roth IRA is right for you. Education IRA is a non-deductible account that features tax-free withdrawals for a very specific purpose – a child’s higher education expenses. The significant difference of a Traditional or Roth IRA is that the Education IRA is penalty free and tax-free if funds are withdrawn for higher education purposes.
A yearly statement on your IRA keeps you abreast of your investment’s value. First Home Savings Bank does not charge an annual IRA fee or IRA transfer fees.