Traditional IRAs, Roth IRAs and CDs in Texas

Build Your Future With First Financial Bank

Your plans for the future will require a solid nest egg. There are many reasons to save:

  • day-to-day emergencies
  • preparation for college
  • preparation for retirement
  • peace of mind

First Financial can help. We offer competitive Certificate of Deposit rates with terms from 7 days to 60 months and IRAs that provide a secure, tax-deferred way to save.

CDs

A Certificate of Deposit is an excellent saving choice when you want to earn more than a savings account. To meet your short-term or long-term investment goals, First Financial offers CD options for as little as $500 and for terms as short as 7 days.

If you are saving for your retirement years, an Individual Retirement Account (IRA) is a great choice. First Financial offers two types: Traditional IRA and ROTH IRA.

Traditional IRA

A traditional IRA offers tax-deferred earnings as well as tax-deductible contributions. If you are looking to manage your own retirement savings or to supplement an existing retirement savings plan, the Traditional IRA is a great pre-tax option. Highlights include:

  • Minimum opening deposit of $500
  • All funds accumulate in a tax-favored account
  • Taxes are deferred until distribution, when you may be in a lower tax bracket

Roth IRA

Introduced with the Taxpayer Relief Act of 1997, a Roth IRA also offers tax-deferred earnings, but the contributions are not deductible. It’s an attractive alternative to the Traditional IRA with generous withdrawal conditions. Highlights include:

  • Minimum opening deposit of $500
  • Can continue contributions after age 70 1/2
  • Distributions at 70 1/2 are NOT required
  • Qualified distributions are tax free

Visit any of our convenient locations to meet with a Personal Banker and discuss how we can help securely build your financial future.