IRAs & HSAs

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Helping You Save for the Future

IRAs

Individual Retirement Accounts (IRAs), from FTSB are the perfect way to help you live the way you want after your working days are over. We offer Traditional, Roth and Simple IRAs along with Self-Employed Pension Plans to meet the needs of all of our customers. You will have two options for investing your IRA funds with our bank.

  • Variable Savings Account: You will receive a minimum interest rate based on the four-week average of the 26-week U.S. Treasury Bill rate plus 0.25 percent above the index. We may pay a higher rate than computed, at our discretion.
  • Certificate of Deposit: Receive the same rates as our current certificate of deposit rates. Requires a term of at least one year.

HSAs

If you have a high-deductible healthcare plan, a Health Savings Account, (HSA), can help you pay for medical expenses. This tax-exempt trust or custodial savings account can limit your out-of-pocket medical expenses, provided you meet the minimum deductible requirements. Stop in at one of our offices to learn more about HSAs at FTSB.

Coverdell Education Savings Account

The cost of education continues to rise, but FTSB offers a savings solution to help pay for your children’s education expenses. With a Coverdell Education Savings Account, you contribute up to $2,000 per year to a designated beneficiary. The money can be used to cover expenses related to elementary, secondary and post-secondary education at public, private or religious institutions. 

Open an IRA, HSA or Coverdell Education Savings Account Today

To find out more about the CDs and IRAs available at FTSB, we encourage you to contact us.