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Secure Your Future With An
Individual Retirement Account

Is an IRA right for you? Please read the information below and then call one of our friendly Customer Service Representatives today:

Dade City, (352) 521-0141
South Zephyrhills, (813) 782-1540
West Zephyrhills, (813) 779-1905

  • Monthly fee: None, however there are substantial penalties for early withdrawals. IRAs are also subject to IRS penalties for early withdrawal.
  • Interest: Compounded quarterly. Rate printed on CD for initial term and the rate in effect on renewal date for automatic renewals. All certificates are automatically renewed with the exception of special offers. Interest may be credited to any First National Bank of Pasco account.
  • Minimum opening balance: $2,500.
You might also be able to save on your present taxes with an Individual Retirement Account, by deducting your qualified contributions from your taxable income. Many Americans can deduct all or part of their IRA contributions from current income taxes. The deductible amount depends on your income, marital status and whether you're an active participant in an employer sponsored plan as defined by the Internal Revenue Service.

With an Individual Retirement Account, you may also be able defer taxes until you retire when you will probably be in a lower tax bracket. You may want to consult your tax advisor to review the tax deductible status of an IRA. Regardless of the amount you'll be able to save now on taxes, an IRA is a smart way for you to save for a secure retirement.

If You're Changing Employers, An IRA Rollover Makes Sense. If you are retiring or changing jobs and anticipate withdrawing money from your employer's retirement plan, you can avoid withdrawal penalties by transferring your assets into an IRA or another qualified plan. You can ask your employer to arrange for a "direct rollover" of your money into a new IRA account with us, or you can do it yourself with an IRA-to-IRA rollover.

You must complete the rollover within 60 days from the date you receive the assets from your old IRA in order to qualify and not pay the mandatory 20% withholding and possibly other penalties as well. For more information about IRA Rollovers or opening a new IRA just call one of our friendly Customer Service Representatives today:

Dade City, (352) 521-0141
South Zephyrhills, (813) 782-1540
West Zephyrhills, (813) 779-1905