Individual Retirement Accounts (IRAs)

Take control of your retirement savings.

Opening an IRA or managing the one you already have is now easier than ever with First Tech’s Retirement Central. Our self-service page lets you open an account and access valuable planning tools—all in one place. You’ll also find educational resources to help you make informed decisions about your financial future.

Ready to get started? Explore Retirement Central now or schedule a virtual appointment with one of our specialists.

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Find the best IRA for you.

IRA Filters:

All

High APY

Instant Access Savings

IRA Certificates

IRA Savings

Roth IRA

Traditional IRA

Traditional IRA Savings

Earn up to 0.01% Annual Percentage Yield (APY)

A great choice if you want a simple, straightforward IRA with no minimum balance requirement or monthly fees.

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Traditional IRA Instant Access Savings

Earn up to 0.30% Annual Percentage Yield (APY)

Your go-to option for tiered dividends on higher balances.

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6- to 60-Month Traditional IRA Share Certificate

Earn up to 3.45% Annual Percentage Yield (APY)

These IRAs offer higher dividend ratesThe dividend rate and annual percentage yield may change at any time as we determine. and no risk of loss to your principalFor all certificate accounts, if you withdraw any portion of your principal before maturity, you may be charged a penalty of up to six month's dividends; however, there is no risk of loss to your principal. Please refer to irs.gov for required minimum distributions. Required minimum distributions are not subject to early withdrawal penalties..

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13-Month Bump-Up Traditional IRA Share Certificate

Earn up to 3.35% Annual Percentage Yield (APY)

You can bump up your rate and balance once during your certificate termAccount Owner must Initiate rate bump. One rate bump per current term. – a great feature for flexibility.

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Roth IRA Savings

Earn up to 0.01% Annual Percentage Yield (APY)

Tax free growthPlease consult with your professional tax advisor. retirement savings in a simple, straightforward IRA with no minimum balance requirement or monthly fees.

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Roth IRA Instant Access Savings

Earn up to 0.30% Annual Percentage Yield (APY)

A great choice if you want money-market-like earning on higher balances.

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6- to 60-Month Roth IRA Share Certificate

Earn up to 3.00% Annual Percentage Yield (APY)

An easy way to save with automatic rollovers at maturity and the assurance that there is no risk of loss to your principal.

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13-Month Bump-Up Roth IRA Share Certificate

Earn up to 3.35% Annual Percentage Yield (APY)

A win-win account with tax free growthPlease consult with your professional tax advisor. earning and the option to bump up your rate and balance once during your certificate termAccount Owner must Initiate rate bump. One rate bump per current term..

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Traditional vs. Roth IRAs.

These few key distinctions will help you determine the right account for your retirement goals. As your financial partner we’re here to help you make informed decisions. Visit First Tech’s Retirement Central or schedule an appointment and we can look at which IRA makes sense for you.

Traditional IRA Savings

Roth IRA Savings

Maximum annual contribution The maximum can be contributed to one or the other or split between both a Traditional and Roth account.

$7,000 – if under age of 50
$8,000 – age 50 or older

$7,000 – if under age of 50
$8,000 – age 50 or older

Tax benefits Please consult with your professional tax advisor.

Tax-deferred growth
Contributions may be tax-deductible

Tax-free growth
Tax-free qualified withdrawals

Earnings

Grows tax-deferred until withdrawn

Grows tax-free

Taxes upon withdrawal

Withdrawals are taxed as income

None, unless taxed for early withdrawals

Withdrawal restrictions

Most withdrawals before age 59 ½ result in IRS penalties

Most withdrawals before age 59 ½ result in IRS penalties

Withdrawals must begin at age

Please refer to irs.gov for required minimum distributions

None

Minimum balance requirement

No minimum for IRA Savings Accounts
$500 minimum for IRA Certificates

No minimum for Roth IRA Savings Accounts
$500 minimum for Roth IRA Certificates

Fees

No set-up or monthly maintenance fees

No set-up or monthly maintenance fees

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Benefits	Traditional IRA Savings	Roth IRA Savings
Maximum annual contribution The maximum can be contributed to one or the other or split between both a Traditional and Roth account.	$7,000 – if under age of 50 $8,000 – age 50 or older	$7,000 – if under age of 50 $8,000 – age 50 or older
Tax benefits Please consult with your professional tax advisor.	Tax-deferred growth Contributions may be tax-deductible	Tax-free growth Tax-free qualified withdrawals
Earnings	Grows tax-deferred until withdrawn	Grows tax-free
Taxes upon withdrawal	Withdrawals are taxed as income	None, unless taxed for early withdrawals
Withdrawal restrictions	Most withdrawals before age 59 ½ result in IRS penalties	Most withdrawals before age 59 ½ result in IRS penalties
Withdrawals must begin at age	Please refer to irs.gov for required minimum distributions	None
Minimum balance requirement	No minimum for IRA Savings Accounts $500 minimum for IRA Certificates	No minimum for Roth IRA Savings Accounts $500 minimum for Roth IRA Certificates
Fees	No set-up or monthly maintenance fees	No set-up or monthly maintenance fees
CTA	CTA Schedule an appointment Learn More	CTA Schedule an appointment Learn More