Individual Retirement Accounts

Planning for the future can be daunting, but you can rest a little easier with an IRA from First Palmetto Bank. Personal savings through an IRA is a great way to supplement an individual’s retirement plan and offers tax-deferred earnings which makes savings more attractive.*

IRA Account Options

  • Traditional IRA
  • Roth IRA
  • Simplified Employee Pension (SEP)
  • Coverdell Education Savings Accounts (CESA)
IRA Features & Information
  • $300.00 minimum opening balance
  • $300.00 minimum daily balance is all that is necessary to earn interest
  • Flexible terms
  • Interest is fixed for the full term
  • Interest is compounded daily
  • Automatic renewal at maturity with a ten day grace period

*We encourage you to seek advice from your tax professional.