First National Bank of Hartford

Phone: 334-588-2211 | Toll Free: 877-455-2218 | Fax: 334-588-2279 | Telephone Banking: 334-588-2212

Online Banking

 
 

IRA


Planning for retirement?  Our professional staff can help you open a new IRA today.  Whether you are supplementing your existing retirement plan or creating a plan on your own, you will find competitive rate and no monthly service fees with our IRAs.  Check with your tax advisor to determine if your contributions qualify as a tax-deduction.  Early withdrawals of principal may be subject to penalty fees.

Fixed Rate IRA
Minimum deposit to open account | $500.00
Interest Rate | See Rate Sheet
Annual Percentage Yield (APY) | See Rate Sheet
Interest Computation Method | Daily Balance*
Interest Compounded Daily or Quarterly depending on the term
Interest Credited | Quarterly

On non-cash items (for example, checks), interest will begin to accrue on the day of your deposit.
Your interest rate and annual percentage yield may change on the maturity date of the certificate.
After the account is opened, you may not make any deposits into the account until the maturity date.
The Annual Percentage Yield (APY) assumes that interest remains on deposit until maturity. Any withdrawal will reduce earnings.

Statement: Annually

Penalty for early withdrawal:

6 Month IRA CD | One month’s interest on amount withdrawn
12 Month IRA CD | One month’s interest on amount withdrawn
18 Month IRA CD | Three months interest on amount withdrawn
24 Month IRA CD | Three months interest on amount withdrawn
30 Month IRA CD | Three months interest on amount withdrawn
*The Daily Balance is determined by the application of a daily periodic rate to the full amount of principal in the account each day.