Individual Retirement Accounts
It's never too early to start strategically planning for financial security in retirement. First Interstate Bank provides Individual Retirement Account (IRA) options to meet your unique financial situation and retirement goals. Take advantage of tax savings while securing your retirement future.
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- Traditional IRA - A Traditional Individual Retirement Account (IRA) is a government approved, tax-deferred savings* program that enables you to set aside a portion of your income each year for the purpose of investing in your own retirement.
- Roth IRA - The Roth IRA is a nondeductible account that features tax-free withdrawals at the required age and for certain distribution reasons after a five year holding period.
- Coverdell Education Savings Accounts (CESA) - A CESA is a nondeductible account that features tax-free withdrawals for a student's education expenses.
There are no fees associated with opening a fixed or variable rate IRA. Stop by your local branch or make an appointment to learn more.
*Consult your tax advisor
There is a substantial penalty for early withdrawal.
All Savings accounts require a $100 opening deposit. Interest rates are subject to change.