Enhance the Way You Save
Sometimes, your savings goals go beyond what a traditional savings account can offer. For those times, First Option Bank has you covered. We offer certificate of deposit (CD) accounts that allow you to take advantage of better interest rates throughout their term. Or, if you want to start saving more effectively to live how you want in retirement, we can offer different retirement accounts to help you meet your goals.
If you’d like to enhance your savings strategy, stop in to a First Option Bank branch. Our team is ready to assist you and help you find the right account.
Certificates of Deposit
CD accounts allow you to collect a higher interest rate than you would find in a savings account or money market account. The key to First Option Bank’s CDs is flexibility. Our CDs offer terms ranging from just 91 days to as long as 5 years. The rate you receive depends on the length of the term. Here’s what you need to know about our CDs:
- $1,000 minimum opening deposit requirement ($25,000 for special rate CDs)
- Interest is compounded and credited quarterly
- No deposits may be made after initial deposit
- Account can be automatically renewed at full maturity
- Early withdrawals subject to penalty
- Deposits are FDIC-insured to the regulatory maximum
Retirement Accounts
We offer several choices when it comes to Individual Retirement Accounts (IRAs). These accounts are designed for tax savings for individuals wanting to make an investment in their retirement. Each account has different benefits and tax implications. Please consult your tax advisor before choosing an account.
Account Type | What You Need to Know About This Account |
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Fixed-Rate IRA |
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Variable-Rate IRA |
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