An Individual Retirement Account is a great way to save for your retirement. Bank 1st offers Traditional and Roth IRAs.
A Traditional IRA is funded with contributions that are most generally tax deductible, and interest is tax deferred until the funds are distributed.
A Roth IRA is funded with after-tax dollars. Earnings grow tax-free if certain distribution rules are met.
We recommend consulting with your tax advisor to determine which IRA will be most beneficial for you. Our IRAs are FDIC insured and are insured separately from any other non-retirement accounts.