There is no minimum balance required to open a First State Bank IRA and it is automatically renewable at maturity. In addition, our IRA’s earn competitive rates. Your benefits are paid upon retirement, permanent disability or upon death. Other advantages to IRA’s include:
• NO fees or commissions
• Up to $3,500 tax deduction if eligible (contact a customer service representative for contribution limits)
• All retirement accounts are insured by FDIC up to $250,000, separately from other funds
• Flexible contributions or payroll deduction plans available
• Interest compounds quarterly to insure a market rate return
• Principal and interest non-taxable until withdrawn on traditional IRA’s