Save Securely for Retirement
When you open an IRA with us, it is a fully FDIC-insured Certificate of Deposit account which offers limited or no access during a term you select (typically 1 to 5 years, but term length is negotiable) with a fixed interest rate paid on your full balance. You may wish to coordinate the date of your annual IRA contribution with your CD's maturity date so you can combine new contributions with existing retirement balances. You can also setup a CD Ladder for your IRA CDs, which will allow you to make more frequent contributions at the maturity dates of each CD in your ladder.
Individual Retirement Accounts can also be structured as a brokerage account invested in stocks, bonds or other types of investments which are not guaranteed and may lose value. If you are interested in this type of retirement vehicle, please contact a representative from the First Citizens Investment & Trust Department
From First Citizens Investment & Trust Department
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1 Consult a qualified tax professional for details.
2 In order to contribute pre-tax, typically your employer must set up a payroll deduction.