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Certificates of Deposit and
Individual Retirement Accounts

A brief description of various IRA products:

Traditional IRA:

An IRA may offer you a tax advantage to set aside money for retirement. Depending on the circumstance, you may be able to deduct part or all of the IRA contribution on your income tax.

  • Tax-deferred earnings produce higher growth
  • No penalty for early withdrawals for higher education and first-time homebuyers

Roth IRA:

The Roth IRA is a non-deductible account that features tax-free withdrawals for certain distribution reasons after a five-year holding period.

  • Available even if you are covered by a retirement plan
  • Liberal withdrawal provisions after age 59½

All First Northern Bank & Trust IRAs are invested in First Northern Bank & Trust CDs.

The APR is accurate as of September 4, 2014.

See Also:  Mortgage Rates  |  Consumer Loan Rates  |  Deposit Rates

Account TypeAnnual Percentage Yield (APY)Interest RateMinimum Deposit to Open AccountMinimum Balance* to Obtain APY
91 Days CD*** 0.05% 0.05% $1,000.00 $1,000.00
182 Days CD*** 0.25% 0.25% $1,000.00 $1,000.00
1 Year CD*** 0.35% 0.35% $1,000.00 $1,000.00
2 Year CD*** 0.65% 0.65% $1,000.00 $1,000.00
2½ Year CD*** 0.30% 0.30% $1,000.00 $1,000.00
3 Year CD*** 1.25% 1.24% $1,000.00 $1,000.00
3 Year Adjustable*** AVAILABLE 0.93% 0.93% $1,000.00 $1,000.00
4 Year CD*** 1.65% 1.64% $1,000.00 $1,000.00
5 Year CD*** 2.10% 2.08% $1,000.00 $1,000.00
5 Year Kid's CD*** 2.20% 2.18% $1,000.00 $1,000.00
1½ Year Variable IRA CD**,***** 0.35% 0.35% $250.00 $250.00
5 Year Royal CD**** 2.20% 2.18% $1,000.00 $1,000.00
 

* Daily Balance (The amount of principal in the account each day)

** The rate may change after the account is opened.

*** A penalty will or may be imposed for early withdrawal of funds.  

**** You must have a First Northern Royal or Royal Blue Checking account for this CD.

***** Variable interest rate changes at each 6 month anniversary date. The new rate will be the advertised 1½ year rate at that time.

Fees could reduce the earnings on the account. 

Initial deposit account disclosures are available upon request. Please contact us at (610) 826-2239 for copies or more information.

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First Northern Bank & Trust | Fourth Street & Lafayette Avenue Palmerton, PA 18071

(800) 344-2274 | (610) 826-2239 Local | info@1stnorthernbank.com

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