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Retirement Accounts

First National Bank of Rochelle offers a range of retirement options for every type of investor.  Enjoy significant tax advantages today through Certificates of Deposit and Money Market Accounts, as well as the security for tomorrow by knowing your money is FDIC insured.

With FNB’s Traditional IRA you can save for retirement and save tax money too!  A Spousal IRA allows a non-working spouse to save for retirement also.  Please see your tax advisor for specific rules regarding Traditional IRA’s.

FNB’s Roth IRA is a nondeductible account that features tax-free earnings withdrawals for certain distributions after a five-year holding period.  Contributions can be withdrawn at any time without tax consequences.  Please see your tax advisor for specific rules regarding Roth IRA’s.

Coverdell Education Savings Accounts let you save for a child’s education on a tax-favored basis.  Distributions used to pay for certain education expenses are federal income tax and IRS penalty free.  Please see your tax advisor for specific rules regarding Coverdell Education Savings Accounts.

Taxpayers can establish a new IRA or contribute to an existing IRA by their tax-filing due date, excluding extensions.   FNB has several options available for contribution frequency.  Please see one of our Personal Banker’s today!