CDs, IRAs, & HSA

Certificates of Deposits and Individual Retirement Accounts offer a stable and reliable path towards achieving your long-term financial goals. With competitive interest rates and guaranteed returns, our CD products provide a safe haven for your savings, allowing you to grow your wealth without the volatility of the stock market. Meanwhile, our IRA options offer tax advantages and diverse investment opportunities, tailored to suit your individual retirement needs.

Whether you're planning for retirement or seeking to build a nest egg, our CD and IRA products offer a secure foundation for your financial journey. Explore the benefits of investing with us today and take the first step towards a brighter financial future.

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Certificates of Deposits (CDs)

Improve your earnings without having to invest in a volatile market. Simply pick the term and your funds earn a guaranteed fixed rate.

Set aside for future savings goals
Competitive, fixed rate for length of term
Greater earnings than standard savings
Receive higher rates by selecting a longer term
Provides more guarantee than other risky investments
A wide range of terms available
Penalty for early withdrawal
Open most CDs with as little as $500

Check our current rates here.

Easy-Access CDs

Maximize your earning potential without sacrificing liquidity. This CD lets you access your funds once per quarter.

Fixed-rate earnings
One penalty-free withdrawal each quarter
Unlimited deposits of $500 or more
12-month term
Automatically renewed for your convenience, unless otherwise specified
$5,000 minimum deposit to open

Check our current rates here.

The Breakable CD

If you would like the earnings of a long-term investment, but are concerned about tying up your funds in the event rates may rise, a FCCB Breakable CD is a great solution — and we’ve got two great options! Both require $5,000 to open and a FCCB checking account. These CD's offer fixed rates earnings and have the ability to “break” the contract early once without a penalty.

30-Month term

Can “break” the contract after 12-months.
Auto renews to our 2-3 Year Fixed CD at maturity.

42-Month Term

Can “break” the contract after 18-months.
Auto renews to our 3-4 Year Fixed CD at maturity.

At a time when the frequency of changing interest rates is uncertain, the Breakable CD is a great solution allowing you to withdraw funds for another investment without a penalty. Call us today at (800) 326-9486 or visit your local office to tap into the earning capabilities of our Breakable CDs!

Check our current rates here.

Individual Retirement Accounts (IRAs)

You’ve put in the work — retirement is the time to cash in. Choose between traditional or Roth and get started today.

Save for retirement with tax advantages¹
Earn competitive interest higher than regular savings
Interest paid quarterly
Available in Traditional and Roth
Annual contribution limits apply
$1,000 annual “catch up” contributions allowed for ages 50 and better
No annual fees or set-up fees
No minimum balance requirements
Federally insured
$500 minimum deposit to open

¹Consult a tax advisor

Traditional Vs. Roth

Traditional IRA

No income limits to open
No minimum contribution in any year
Contributions are tax deductible on state and federal income tax¹
Earnings are tax deferred until withdrawal
Withdrawals can begin at age 59½
Early withdrawals subject to penalty²
Mandatory withdrawals begin at age 70½

Roth IRA

Income limits to be eligible to open Roth IRA
Contributions are NOT tax deductible
Earnings are 100% tax FREE at withdrawal¹
Principal contributions can be withdrawn without penalty¹
Withdrawals on interest can begin at age 59½
Early withdrawals on interest subject to penalty²
No mandatory distribution age
No age limit on making contributions as long as you have earned income

We also offer variable rate IRA's, which provide a great opportunity to start with only a $25 minimum opening deposit. What’s unique is that a variable rate IRA also provides the ability to make future deposits. Funds can be withdrawn or transferred to another IRA at maturity. However, IRS penalties for early withdrawals may apply. FCCB penalties may apply for withdrawals made prior to age 72.

¹Subject to some minimal conditions. Consult a tax advisor.

²Certain exceptions apply, such as healthcare, purchasing first home, etc.

Coverdell Education Savings Account (CESA)

Create an easier transition into college for yourself and your student by setting up a savings account early. A Coverdell Education Savings Account (ESA) provides a tax-free safe place to grow competitive interest and also financial confidence for a new stage in life.

Set aside funds for your child's education
No setup or annual fee
Interest grows tax-free
Withdrawals are tax-free and penalty-free when used for qualified education expenses¹
Designated beneficiary must be under 18 when contributions are made
To contribute to an ESA, certain income limits apply²
Contributions are not tax deductible
$2,000 maximum annual contribution per child
The money must be withdrawn by the time he or she turns 30³
The ESA may be transferred without penalty to another member of the family

¹Qualified expenses include tuition and fees, books, supplies, board, etc.

²Consult your tax advisor to determine your contribution limit.

³Those earnings are subject to income tax and a 10% penalty.

Health Savings Account (HSA)

Pay for qualified medical expenses now and well into retirement with a smart account that stays with you, no matter your employer.

Greater personal control over healthcare management and expenses
Prepare for qualified medical expenses
Earn interest above standard savings on entire balance
Receive higher rates on larger deposits
An HSA provides triple tax savings:
- Tax deductions when you contribute to your account
- Tax-free earnings through investment
- Tax-free withdrawals for qualified medical, dental, vision expenses, and more¹
Contributions are tax-free and can be made by you, your employer, or a third party
Funds can be withdrawn at any time²
No monthly service fees
No minimum balance requirements
Unused funds remain in account year after year; no "use it or lose it" policy
Keep your HSA in your name, regardless of career or life changes
Easy ways to access your HSA funds:
- Free HSA checks
- Free HSA debit card
$50 minimum deposit to open

Eligibility

Most adults under 65 who are not enrolled in Medicare and are covered under a high-deductible health plan (HDHP) can qualify for an HSA, but it is up to the account holders to determine their own eligibility. Please contact your tax advisor for further eligibility requirements.

HSA for Retirement Planning

HSAs can be used as an additional option for retirement planning.

Because there is no use-it-or-lose-it requirement, unused balances can carry forward into retirement, tax free. A consumer can spend out of pocket for medical expenses while working, and save the balance in the HSA for retirement.

With a First Citizens Community Bank Health Savings Account, you can use checks and a MasterMoney debit card to pay providers or purchase qualified medical supplies.

In addition, contributions for the current year can be automatically transferred from your First Citizens checking account each month, or you can make the transfer yourself with our online banking and telephone banking services.