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Individual Retirement Accounts
No matter how much you love your job, someday you're going to want to start relaxing and enjoying those golden years. Start planning today so that when it's time, you can retire in style. F&M Bank offers different types of IRAs to suit your particular situation.
Traditional IRA
A personal retirement savings account that grows on a tax-deferred basis until you withdraw the funds.
| Account Features |
| Minimum Opening Balance of $100.00 |
| Interest compounded daily |
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Convenient automatic renewal
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Contributions are tax deductible*
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| FDIC insured |
Roth IRA
A personal retirement savings account with the potential for tax-free growth. Your Roth IRA contributions are not tax deductible like they are with a Traditional IRA, but withdrawals are tax- free within certain limitations; and after age 59½, you can make qualified tax-free withdrawals.
| Account Features |
| Minimum Opening Balance of $100.00 |
| Interest compounded daily |
|
No distribution minimums for investors aged 70½ and older
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Tax-free savings*
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| FDIC insured |
*Tax-deductible contributions are subject to federal laws regulating IRAs. Consult your tax advisor for comprehensive advice
Compare F&M Savings Accounts