CDs & IRAs

CDs and IRAs

Individual Retirement Accounts

Traditional IRA – Almost anyone under the age of 70 ½ and with an earned income is eligible to establish a traditional Individual Retirement Account (IRA). A Traditional IRA can be established in addition to any type of government plan, tax sponsored plans offer limited investment options, but a traditional IRA can provide greater flexibility and hold almost any investment. (rates)

Roth IRA – If you are one of many who expect to be in the same or a higher tax bracket in retirement, paying taxes now on a Roth IRA may save you money over the long run. Roth IRA contributions are nondeductible and taxed in the year they are earned. (rates)

SEP IRA – SEP is more than an IRA. It is an employer-sponsored retirement plan through which an employer makes deductible contributions directly to each eligible employee’s traditional IRA. These IRAs are subject to the traditional IRA distribution rules. (rates)

Coverdell Education Savings Account (CESA) – The Coverdell Education Savings Account is a nondeductible account that features tax-free withdrawals for a child’s education expenses. (rates)

Contribution Limits

Tax Year Contribution Limit Contribution Limit - Age 50 & Over
2016 $5,500 $6,500
2017 $5,500 $6,500

Ask how we can help with a FSB Variable Rate IRA.

Stop in today for more information or contact one of our IRA Experts for more information.

Certificates of Deposit

At Farmers Savings Bank we always try to give you the best service and a great rate. We offer short and long term CD’s. From 91 days to 5 years depending on your financial goals. Contact us today to find the best product to fit your needs.


FSB Current Deposit Rates

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