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Individual Retirement Accounts (IRAs)

Planning for the future can be daunting, but with an IRA from First Palmetto Bank you can rest a little easier knowing that you are planning ahead. 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 Choices

We offer a range of IRAs including:

  • Traditional IRA
  • Roth IRA
  • Simplified Employee Pension (SEP)
  • Coverdell Education Savings Accounts (CESA)

General IRA 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