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