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Individual Retirement Accounts

Planning for your future is everything to us! Whether you are just starting to save for retirement or are enjoying retirement now, Foresight offers competitive IRAs and an experienced team that can help you navigate IRA complexities.

 

Foresight offers expertise to handle the following types of IRAs:

  • Traditional – Contributions are deductible and earnings are generally not taxed until they are distributed
  • Roth – Earnings and withdrawals after age 59 ½ are tax-free
  • SIMPLE – Savings Incentive Match Plan for Employees IRA allows employees to save money through a tax-deferred, employer-sponsored retirement plan
  • SEP – Simplified Employee Pension allows employers to contribute to SEP-IRAs for their employees
  • Beneficiary – IRA inherited from a deceased non-spouse
  • Rollover – Transfer your employer-sponsored 401(k) and 403(b) balance to an IRA under your sole control
  • Transfer – Transfer an existing IRA from another institution
 

The Foresight deposits team makes it easy to take money from your IRA:

  • Automatic distributions in the amount and timing you choose
  • Charitable distributions
  • Assistance in meeting your IRA required minimum distribution amount each year to avoid IRS penalties

 

IRA Certificate of Deposit Rates (1.76% - 2.88%) 


Term Minimum Balance for APY Annual Percentage Yield (APY) Interest Rate
18-Month Variable-Rate
Add new money after account is established
$200
$10,000
$40,000
$100,000
1.76%
1.81%
1.86%
1.91%
1.75%
1.80%
1.85%
1.90%
24 Months
$500
$10,000
$40,000
$100,000

2.17%
2.22%
2.27%
2.32%
2.15%
2.20%
2.25%
2.30%
36 Months
$500
$10,000
$40,000
$100,000

2.47%
2.52%
2.57%
2.63%
2.45%
2.50%
2.55%
2.60%
48 Months
$500
$10,000
$40,000
$100,000

2.57%
2.63%
2.68%
2.73%
2.55%
2.60%
2.65%
2.70%
60 Months
$500
$10,000
$40,000
$100,000
2.73%
2.78%
2.83%
2.88%
2.70%
2.75%
2.80%
2.85%
72 Month Bump-Up
$500
$10,000
$40,000
$100,000
 2.73%
2.78%
2.83%
2.88%
2.70% 
2.75%
2.80%
2.85%
Please contact us for rates on IRA CDs above $100,000.
 
 
Contact Us: If you would like to begin a conversation, feel free to contact one of the deposits team members directly or tell us how we should get in touch with you.