IRA Certificates of Deposit

An IRA certificate of deposit from FNB is a safe, conservative way to save for retirement:

With terms of 3 months up to 60 months, an FNB IRA CD can be an attractive and safe way to save for retirement.

Key Account Details:

• Terms available for 3 to 60 months; you select your term when opening the account.
• Earn a fixed interest rate for the term of your CD.
• Contributions to your IRA savings account are tax-deferred, meaning you don't pay taxes on these funds until you make a withdrawal.¹
• Interest is compounded and paid quarterly.
• Interest can be credited back to your certificate of deposit, paid to you by check, or credited to another FNB account.
• $500 minimum deposit required

Important Considerations¹

• IRS regulations impose a 10% early withdrawal premature penalty for withdrawals made when under 59 1/2 years of age.
• If you are under the age of 50, you may contribute up to $5,500 for the current year. If you are over the age of 50, or are turning 50 during the calendar year, you can add a "catch-up" amount of $1,000 for a total of $6,500. Any previous year contributions can still be made up to the end of the business day on April 15th.
• You may receive normal distributions as early as age 59 1/2, but must begin distributions by age 72.

Convenient Online Access:

• Fast and free Online Banking, Mobile Banking and Telephone Banking²