Personal Savings Accounts

Health Savings Account (HSA)

A special account owned by an individual that is used to pay for current and future qualified medical expenses.

Account Details:

• Open an account with as little as $1.00
• Earn interest on balances of $2,500 or greater

Features and Benefits:

• Free Visa Debit Card
• Tax savings available
• Balance carries over from year to year
• Capabilities to work with Employer Insurance plans
• Open an account online in 5 minutes or less!

Contact your nearest branch to open a Health Savings Account.

Certificate of Deposit (CD)

A Certificate of Deposit allows you to grow your money with an account that rewards you with a higher interest rate. Earn guaranteed interest rates on investment terms ranging from 3 months to 5 years.

Account Details:

• Open an account with $500.
• No monthly service charges.
• Interest compounded and credited quarterly.

Ask about our 9 or 15 month Relationship CD, available for new and existing First Bank and Trust customers.

Traditional IRA

A Traditional IRA is an individual retirement account that allows you to defer the taxation of your investment until it is withdrawn.

Account Details:

• Open with $100
• Contributions can be made at any time in amounts of $5 or greater
• Funds are taxable when they are distributed
• Distributions are required to begin at age 73

Features and Benefits:

• Tax deferred growth of earnings
• Annual contributions may be tax deductible
• Flexible pay out schedule
• An account designed to help you prepare for a secure financial future

Roth IRA

A Roth IRA is an individual retirement account that allows you to withdraw the principal and earnings tax-free under certain conditions.

Account Details:

• Open with $100
• Contributions can be made at any time in amounts of $5 or greater
• Contributions are not tax deductible
• No requirement to begin distribution by age 73

Features and Benefits:

• Tax-free distribution of earnings
• An account designed to help you prepare for a secure financial future