Individual Retirement Accounts
Individual Retirement Account options just right for you.
An Individual Retirement Account (IRA) is a tax-advantaged way to save for retirement. When you have an IRA savings through First Florida, your savings have the opportunity to earn interest and compound over time.
An IRA savings account offers big benefits, including:
- Tax-advantaged savings
- Safe retirement funds not subject to market irregularity
- Stable dividends that compound over time
- Opportunities to earn more by transferring your IRA savings to an IRA certificate
Whether you’re saving for retirement, looking for a tax-advantaged account, or saving for educational expenses, we offer options to meet your needs.
Traditional IRA
- Contributions are often tax-deductible
- Taxes paid upon withdrawal
- $25.00 minimum to open
- $100.00 minimum balance to earn dividends
Roth IRA
- Earnings are generally tax-free
- Withdrawals are typically tax-free at retirement age (age 59½ or older)
- $25.00 minimum to open
- $100.00 minimum balance to earn dividends
Educational IRA
- Save money for someone under the age of 18 for educational expenses
- Earnings are generally tax-free
- Withdrawals are tax-free when used to pay eligible expenses
- $25.00 minimum to open
- $100.00 minimum balance to earn dividends
Earn Higher Returns with an IRA Certificate
First Florida certificate rates also apply to IRA certificates. Simply transfer your Traditional, Roth, or Educational IRA savings into an IRA certificate to earn better yields.
Open an Account Today
- Stop by the branch or schedule an appointment
- By phone — call (800) 766-4328 [in Jacksonville (904) 359-6800]