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[  Application Form  ]

Complete the above form
and return it to your nearest
branch office.

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 August 2, 2017.

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*** 0.50% 0.50% $1,000.00 $1,000.00
2 Year CD*** 0.90% 0.90% $1,000.00 $1,000.00
2½ Year CD*** 1.00% 1.00% $1,000.00 $1,000.00
3 Year CD*** 1.15% 1.15% $1,000.00 $1,000.00
3 Year Adjustable*** AVAILABLE

1.55%

1.54% $1,000.00 $1,000.00
4 Year CD*** 1.30% 1.29% $1,000.00 $1,000.00
5 Year CD*** 1.40% 1.39% $1,000.00 $1,000.00
5 Year Kid's CD*** 1.50% 1.49% $1,000.00 $1,000.00
1½ Year Variable IRA CD**,***** 0.50% 0.50% $250.00 $250.00
5 Year Royal CD**** 1.50% 1.49% $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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