There are substantial penalties for early withdrawals. Deposits can be made as often as desired. IRA's may be opened and deposited to for each tax year up the April 15th tax deadline. The customer can choose between a fixed or variable rate. Interest on both investments is compounded daily and credited monthly.
Interest income is tax-deferred until retirement.
Annual contributions may be tax deductible, depending on the customer's annual compensation. Any wage earner who is preparing for their retirement to subsidize other pension or social security. Bank Careers First Capital Bank offers a number of challenging opportunities. Learn more about job openings at First Capital Bank. Learn More Search our site.