About Us
Personal Banking ServicesBusiness Banking ServicesOnline ServicesCalculatorsOther Services

 A brand new FSB website is on the horizon! Look for the change in the next few weeks!

Designed to help you accumulate the nest egg you need for your golden years - or - to manage your retirement rollover account.

  • $500 minimum required
  • No opening fees
  • Annual statements provided

IRA Fees:

  • IRA transfer Fee (to another bank) $25
  • IRA Withdrawals (3 free per year) $25 for each after 3
  • If IRA is closed less than 90 days of opening a $50 Early Closeout Fee will be assessed

An Individual Retirement Account (IRA) enables you to accumulate the funds you want to retire in the style about which you dream. Certain contributions to IRAs are tax deductible for the year they are made up to the contribution deadline (see below) and are based upon IRS guidelines.** All earnings on your IRA remain tax deferred until you make withdrawals, which are then taxed as income during the tax year of their withdrawal.

There are substantial penalties for early withdrawal. Deposits are insured up to $250,000.

**Consult a Tax Advisor for specific information.

Characteristic Traditional Individual Retirement Accounts
Individual Annual Contribution Limit * $5,500.00
Earned Income Requirement Contributions may not exceed 100% of earned income
Spousal Contributions Allowed if married filing jointly, generally up to $5,500 each
Contribution Deadline Individual's tax filing deadline, not including extensions
Minimum Age for Contributions None
Maximum Age for Contributions *

Must be under age 70 ½ for entire year to make a regular contribution for the year.

* For individuals who have reached the age of 50 before the close of the tax year, the contribution limit is $6,500 for 2015.


©2013 First State Bank of Arcadia.  All rights reserved.  Website powered by ProfitStars.


First State Bank of Arcadia

Privacy Notice | Terms of Use | USA PATRIOT ACT
Personal Banking | Business Banking | Online Banking
About Us | Employment Opportunties | Contact Us
Protect Yourself