HOME Individual Retirement Accounts (IRA) Save for retirement the tax-advantaged way. Finance your future with an IRA while deferring taxes. With fixed-term options from 18 months to 5 years and a floating-term option for 18 months, you have the power to control how much your money grows. $100 minimum deposit 18 month fixed or floating term to 5 years FDIC insured See Interest Rates Roth IRA vs. Traditional IRA Here are the differences you need to know to make the right decision for your future: Roth IRA • Contribute after-tax dollars • Contributions grow tax-free • No current year tax benefits • Penalty- and tax-free withdrawals after 5 years and age 59 Traditional IRA • Contribute pre- or after- tax dollars • Contributions grow tax-deferred • Gives immediate tax benefits • Penalty-free withdrawals taxed as income after age 59 Discover which IRA may be best suited for you: Roth IRA Calculator Traditional IRA Calculator Let's Connect VISIT US Locate a branch near you Branch/ATM Locations EMAIL US We'd love to hear from you! Contact Us CALL US 570.784.1660 Let's Talk Back To Top: Follow Us: Facebook Twitter LinkedIn Instagram HOME Get it on the App Store Get it on Google Play Download the First Columbia Mobile Banking App Member FDIC Account Protection Calculators Press Room Privacy Careers Website Accessibility Terms of Use Investor Relations Search Bank Routing Number: 031305936 NMLS #410779 Copyright © 2021 First Columbia Bank & Trust Co. All Rights Reserved. Website by MoJo Active