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Individual Retirement Accounts
Save for retirement the right way with tax-advantaged IRA options tailored to your goals. Choose from Traditional or Roth IRAs and enjoy secure, competitive CD terms designed to help your savings grow.
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Save for Your Retirement the Right Way with First Federal's Tax-Advantaged Individual Retirement Account (IRA).
Traditional IRAs
- Traditional IRAs generally allow you to make contributions that are considered "pre-tax" funds.
- The funds grow tax-deferred until withdrawn at retirement age (after achieving the age of 59 ½).
- When you reach the age of 73, you must begin to take minimum required distribution or risk additional penalty taxes.
- Contributions may be made for the previous tax year through the tax filing deadline of April 15th.
Roth IRAs
- Roth IRAs allow for tax-free growth of deposited funds, but contributions are not tax-deductible.
- You are not required to take distributions from your Roth IRA.
- Contributions may be made for the previous tax year through the tax filing deadline of April 15th.
Why Us?
- All of our IRA products are CD IRAs offering competitive interest rates, with 3 different terms to choose from.
- By placing your hard-earned money into a CD IRA with First Federal, there is no risk involved, and you have the peace of mind knowing that your funds will only grow in value.
- You may call us at 419-468-1518 or visit your nearest branch office to ask for our current rates and CD IRA terms.
THE RIGHT LOAN. THE RIGHT BANK.
Locally Owned & Operated since 1891. Experience the difference with First Federal Bank of Ohio. Get started today!
