Retirement Accounts

Prepare for the next chapter of your life with a retirement savings account from First Financial.

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Retirement accounts feature:

  • Tax advantages, either tax-deferred growth or tax-deductible contributions*
  • Potential for tax savings*
  • Competitive interest rates

Traditional IRA

Enjoy the perks of tax-deductible contributions* to a Traditional IRA with these qualifications if you:

  1. Are under age 73
  2. Earn an income
  3. Meet IRS annual income limits

Features

  • Potential for tax-deductible contributions
  • Income and contribution limits set by IRS
  • “Catch-up contributions” after age 50
  • Mandatory withdrawals at age 73
  • Withdrawals for retirees starting at age 59 1/2
  • Earnings tax-deferred until withdrawal

To learn more about our Traditional IRA and open an account, call Member Services at 410-321-6060 or toll-free at 800-903-3328.

IRA Savings Account
BalanceAnnual Percentage YieldMinimum to Open
$0 to $1,999.990.10%No minimum required
$2,000 and Over0.20%No minimum required

IRA Savings, Money Manager and Money Market dividends are compounded daily and credited monthly. All accounts insured by the NCUA to at least $250,000. These Dividend Rates(s) and Annual Percentage Yields(s) shown may change at any time as determined by our Board of Directors. Fees and/or penalties may reduce earnings.

Roth IRA

Save for retirement at any age with the tax-deferred growth* a Roth IRA offers. You’ll pay taxes on contributions, but can enjoy tax-free returns during retirement if you:

  1. Meet IRS annual income limits
  2. Earn an income

Features

  • No age limit for contributions
  • No mandatory age withdrawals unlike a traditional IRA
  • Tax-free earnings on qualified withdrawals
  • Income and contribution limits set annually by the IRS
  • Retirees can begin making withdrawals starting at age 59 1/2

To learn more about our Roth IRA and open an account, call Member Services at 410-321-6060 or toll-free at 800-903-3328.

IRA Savings Account
BalanceAnnual Percentage YieldMinimum to Open
$0 to $1,999.990.10%No minimum required
$2,000 and Over0.20%No minimum required

IRA Savings, Money Manager and Money Market dividends are compounded daily and credited monthly. All accounts insured by the NCUA to at least $250,000. These Dividend Rates(s) and Annual Percentage Yields(s) shown may change at any time as determined by our Board of Directors. Fees and/or penalties may reduce earnings.

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    *Significant changes were made to IRA regulations effective 2020. Contact your financial advisor to discuss your individual tax situation.