While you are waiting for your ship to come in…begin saving with an Individual Retirement Account (IRA) from First Newton Bank. Our rates are very competitive, and we have various terms and maturities to suit your savings needs. Whether you’re saving for your first home, or a more comfortable retirement, First Newton Bank will help you get there.
New laws have made long-awaited changes to traditional IRAs, and created the new Roth IRA. Let our professional staff assist you in setting up an IRA that is right for you and your long-term needs. FNB can also assist you in transferring your IRA from a qualified retirement plan or tax-sheltered annuity.
Please see our rate board for current deposit rates. Interest accrues daily and compounds quarterly.
- Minimum opening balance – $500
- Maximum – $2,000 per year
- Terms available from 1 to 5 years
- Early withdrawal penalties
- Mandatory withdrawals may be required to begin at age 70½
- Deposit must be earned income
- Available in Regular or Roth