IRA Accounts

Looking for a smarter investment?

We offer a variety of Individual Retirement Accounts – Traditional and Roth.

Traditional IRAs

Traditional IRAs offer a way to save for retirement that gives you tax advantages.

Contributions you make to a traditional IRA may be fully or partially deductible, depending on your circumstances, and generally, amounts in your traditional IRA (including earnings and gains) are not taxed until distributed.

For more information visit www.irs.gov

Roth IRAs

A Roth IRA is an IRA that, except as explained below, is subject to the rules that apply to a traditional IRA.

  • You cannot deduct contributions to a Roth IRA.
  • If you satisfy the requirements, qualified distributions are tax-free.
  • You can make contributions to your Roth IRA after you reach age 70 ½.
  • You can leave amounts in your Roth IRA as long as you live.
  • The account or annuity must be designated as a Roth IRA when it is set up.

For more information visit www.irs.gov

View Deposit Rates

Account Opening Policy

First Federal Savings is happy to open accounts for anyone living in the mid-coast area on a permanent or seasonal basis. Valid, non-expired picture identification and social security card required. People under the age of 18 must have a parent or guardian for certain accounts.

Account Disclaimer

Please note that this is a consumer account. For-profit organizations, partnerships and certain other entities may not be eligible for this type of account. Fees could reduce earnings. For variable rate accounts, rates may change after the account is opened.

*Service Charges & Fees

Patriot Act

When you open an account, we will ask for your name, address, date of birth and other information that will allow us to identify you. We may ask to see your driver’s license or other identifying documents.We proudly support all efforts to protect and maintain the security of our customers and our country.