Savings, CDs and IRAs

First National Bank offers a variety of savings options to simplify your banking experience and help you plan for the future. For additional information on any of our products or services, please contact any one of our branch locations.


Savings Accounts

Savings solutions to fit your financial goals: long-term, short-term, and everything in between.

Statement Savings

Great for savers big or small! Let your money work for you by earning interest as you save.

  • $50 Minimum Opening Deposit
  • $50 minimum average monthly balance to avoid a service charge
  • Automatic transfer option available

Christmas Club

Put some jingle in your pocket when you need it most.  Our Christmas Club account can help you save throughout the year for the added expense of the Holidays.

  • $2 Minimum Opening Deposit
  • Funds dispersed in October
  • Automatic transfer option available
  • $10 early withdrawal penalty

Certificate of Deposit (CDs)

Choose the term that’s right for you.

  • Enjoy a secure, fixed rate investment option with attractive returns

Power CD

Receive all of the benefits of a regular CD without losing the “Power” to command your funds.

  • $10,000 Minimum Opening Deposit
  • Option to raise your interest rate to the current market rate twice after the first 12-month period expires

Sprout CD

Our “Sprout” CD allows you to start saving for a child’s future at a higher rate of interest.

  • $25 Minimum Opening Deposit
  • Choose an 11, 35, or 59 month term
  • Unlimited deposits of $25 or more

Individual Retirement Accounts (IRAs)

It’s never too early to be thinking about retirement.  Whether your goal is higher education for your children or retirement for yourself, we offer a product to help you reach your goals.


Our Traditional IRA allows you to defer taxes on your earnings until they are withdrawn. Certain contributions into this account are even tax deductible.

We encourage you to contact your tax advisor to discuss your tax deductibility status when making retirement decisions.


The major benefit of our Roth IRA is tax-free earnings growth.

If you expect to be in a higher tax bracket when you retire, our Roth IRA may be more beneficial to you. 

We encourage you to contact your tax advisor to discuss your tax deductibility status when making retirement decisions.

IRA Comparison Chart


Traditional IRA

Roth IRA

FDIC Insured Up to $250,000 Up to $250,000

Contribution Eligibility

Earned income in the calendar year Earned income in the calendar year
Annual Contributions Not Required Not Required
Income Limits None Set By Eligibility MAGI Thresholds

Maximum Annual Contributions


$7,500 for those 50 and older


$7,500 for those 50 and older

Spousal Contributions



Contribution Due Date

April 15 of the next calendar year

April 15 of the next calendar year

Tax Consequences

Tax-deferred earning.  Contributions may be tax deductible

Tax-free distributions at retirement. Contributions are made with post-tax dollars. 


If obtained age 72 in 2022 or earlier, continue to take RMDs as scheduled

Anyone obtaining age 72 in year 2023 must begin by April 1, 2025

No mandatory disbursements

Secure Act 2.0 increased the age to start taking RMDs to age 73 in 2023.

Turning 72 in 2023?

Consider when to take your first RMD: Either by December 31, 2024, or delay until no later than April 1, 2025. Remember, if you delay your first RMD to April 1, 2025, you'll need to take 2 RMDs in 1 tax year: Your first by April 1, 2025, which satisfies your required withdrawal for 2024, and your second by December 31, 2025, which satisfies your required withdrawal for 2025.

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