Bank in Plainsville, IN

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Certificate of Deposit and Individual Retirement Account

What are CDs and IRAs?

A CD (Certificate of Deposit) is a fixed-term savings product offering a fixed interest rate, typically with penalties for early withdrawal. An IRA (Individual Retirement Account) is a tax-advantaged account designed for retirement savings, which can hold various investments. Both offer flexible terms and higher interest rates, so you can easily grow your savings or building a nest egg for the future.

CERTIFICATE OF DEPOSITS

  • Supports deposit growth and protection
  • Terms ranging from 3 months up to 60 months
  • Offers a fixed rate
  • Automatic renewals

Unlock the potential of your savings with a Certificate of Deposit. Start earning more today! Contact us at 1-833-372-4968 or find a branch near you to choose your ideal term and open your CD.

IRA ACCOUNTS

  • Tax deferred or tax-free options
  • Supports retirement savings
  • Offers a fixed rate
  • Automatic renewals

Secure your financial future and enjoy potential tax advantages with an Individual Retirement Account (IRA). Ready to invest in your tomorrow? Call us at 1-833-372-4968 or visit a location near you to explore our IRA options and open your account.

Earn more by opening a CD Special today!

7-Month CD Special

  • Effortless earnings
  • 4.27% APY* on investment
  • Easy account opening
  • $500 minimum to open
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24-Month CD Special

  • Effortless earnings
  • 4.06% APY* on investment
  • Easy account opening
  • $500 minimum to open
Open Now
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Frequently Asked Questions:

What is a CD?

A CD or Certificate of Deposit offers a way for you to build your savings with a fixed interest rate for a fixed period of time. In order to earn the full potential, one would need to keep the funds in the CD for the full term also known as the maturity date.

Is there only one term for a CD?

No, First Savings Bank offers an array of terms to meet your savings goals. If you have a set goal in mind, be sure to talk with one of our branch representatives to find the best term and interest rate for you. 

What is required to open a CD?

If you are an existing customer with First Savings Bank, then we will have your personal information on file. Outside of personal information, we will just need to know which CD term you want to open and a $500 minimum deposit.

What is an IRA?

IRA stands for Individual Retirement Account that can help you save for future. Individuals can choose between a tax-free IRA or a tax-deferred IRA with a term that helps with your growth strategy.

What is the difference between a tax-free and tax-deferred IRA?

A tax-deferred or Traditional IRA means you won’t pay taxes on this amount until you withdraw the money in retirement. A tax-free or Roth IRA means you already pay tax dollars on the money you contribute. It is always best to talk with a financial advisor about which one is best for you.

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