Deposit Products –Individual Retirement Accounts

IRAs are designed to provide you with long-term tax-advantaged savings for retirement. You can choose between a Traditional IRA or a Roth IRA. Each option has particular features that allow you to make the most of your tax savings and both are FDIC insured to the maximum permitted by law. Speak with a First Federal Savings Bank representative to learn more about our options and to determine which IRA type is right for your financial goals.

Traditional IRA

  • Contributions may be tax-deductible.  Contact your tax advisor
  • Earns tax-sheltered interest until distribution

Roth IRA

  • Provides for taxable contributions, but tax-free distributed earnings
  • Offers the flexibility of early withdrawal without penalty under certain circumstances

Click here for Current Rates

 Retirement Fund