CDs & IRAs

There's no time like the present to begin preparing for your future. Accomplish this by opening an Individual Retirement Account (IRA) at First Bank of Utica.

IRA's

Rates are subject to change without notice. Please call 855-534-2191, option1 for the most current rates and for specific account details.

Individual retirement accounts, or IRAs, help you plan for retirement, with significant tax advantages because your taxes are deferred until you retire. IRAs offer:

Tax deferred savings for individuals
ROTH IRAs are available

Term	Minimum Opening Balance	APY	Interest Rate
12 Month IRA Fixed	$500	.85%	.85%
18 Month IRA Fixed	$500	1.10%	1.10%
24 Month IRA Fixed	$500	1.20%	1.20%
30 Month IRA Fixed	$500	1.40%	1.41%
36 Month IRA Fixed	$500	1.60%	1.61%
48 Month IRA Fixed	$1,000	1.65%	1.66%
60 Month IRA Fixed	$1,000	2.00%	2.01%

With IRAs, guidelines established in accordance with Internal Revenue Service rules apply; i.e. age limit to deposit funds, age limit to withdraw funds and contribution amounts. Current contribution limits for Traditional and Roth IRAs are:

Year	Maximum Annual Contribution Amount
2014	$ 5,500.00
2013	$ 5,500.00
2012	$ 5,000.00
Age 50 or older by 12/31/08: Add $1,000

APY: Annual Percentage Yield Rate: Interest Rate

Fees could reduce the earnings on the account

A Penalty may be imposed for early withdrawal

Certificate of Deposit

Term	Minimum Opening Balance	APY	Interest Rate
91 Day Certificate	$500	.40%	.40%
182 Day Certificate	$500	.45%	.45%
12 Month Certificate	$500	.85%	.85%
18 Month Certificate	$500	1.10%	1.10%
24 Month Certificate	$500	1.20%	1.20%
30 Month Certificate	$500	1.40%	1.41%
36 Month Certificate	$500	1.60%	1.61%
48 Month Certificate	$1,000	1.65%	1.66%
60 Month Certificate	$1,000	2.00%	2.01%

* Minimum average daily balance required to obtain the disclosed APY

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