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 APY is accurate as of February 4, 2021.

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

Account Type	Annual Percentage Yield (APY)	Interest Rate	Minimum Deposit to Open Account	Minimum 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***	0.30%	0.30%	$1,000.00	$1,000.00
2 Year CD***	0.40%	0.40%	$1,000.00	$1,000.00
2½ Year CD***	0.40%	0.40%	$1,000.00	$1,000.00
3 Year CD***	0.45%	0.45%	$1,000.00	$1,000.00
3 Year Adjustable***	0.20%	0.20%	$1,000.00	$1,000.00
4 Year CD***	0.50%	0.50%	$1,000.00	$1,000.00
5 Year CD***	0.55%	0.55%	$1,000.00	$1,000.00
5 Year Kid's CD***	0.55%	0.55%	$1,000.00	$1,000.00
1½ Year Variable IRA CD**,*****	0.35%	0.35%	$250.00	$250.00
5 Year Royal CD****	0.55%	0.55%	$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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