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An Individual Retirement Account (IRA) is a type of savings account that is designed to help you save for retirement and offers many tax advantages. There are two different types of IRAs: Traditional and Roth IRAs.

The primary difference between a Traditional IRA and Roth IRA is the type of tax benefit each offers. With a Roth IRA, you get no deduction for contributions, but if you follow all the rules your investment earnings will be distributed tax- and penalty-free in retirement. Traditional IRAs can provide a deduction for contributions and you defer taxes on investment earnings until funds are withdrawn, typically in retirement.

  • Minimum Opening Deposit is $500.00.
  • Flexible terms between 1 year and 5 years.
  • Competitive interest rates. Rate on 18-month variable rate IRA is subject to change January 1st and July 1st of each year.
  • IRAs are subject to limitations and/or IRS penalties. See your IRA Agreement or your tax advisor for additional information.

Rate Information

To find out our current rate, give us a call or visit any of our convenient locations to speak with a FNB representative.

Compounding and Crediting

Interest will be compounded and credited to the account every 12 month(s). The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings. If interest is credited to another account or paid to you by check, this may reduce earnings and may negate the effect of interest compounding.

Minimum Balance Requirements

You must deposit $500.00 to open this account. You must maintain a minimum daily balance of $500.000 in the account each day to obtain the disclosed annual percentage yield. You will earn interest for every day during the period that your account equals or exceeds the minimum daily balance requirement.

Balance Computation Method

We use the daily method to calculate interest on your account. This method applies a daily periodic rate to the principle in the account each day. Accrual on noncash deposits- Interest begins to accrue on the business day you deposit noncash items.

Transaction Limitations

Individual Retirement Accounts (IRAs) are subject to limitations and/ or penalties imposed by the Internal Revenue Service. Please see your IRA Agreement or your tax advisor for additional information.

Renewal Policies

Your account will automatically renew at maturity. You will have a grace period of 10 calendar days after the maturity date to withdraw the funds in the account without being charged an early withdrawal penalty.


*18 month variable rate is subject to change. January 1st and July 1st of each year.

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