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Farm Bureau Bank IRA Individual Retirement Accounts

At Farm Bureau Bank we have the right IRA solution for you. Choose from several options that offer steady growth, tax advantages, and are FDIC-insured. It's never too early or too late to invest in your future. Open your IRA and start saving today.

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FEATURES
RATES
CD IRAs
MONEY MARKET IRAs

Retirement Choices – Different Types for Different Needs

IRA Options	Features	Contributions	Who benefits?
Traditional IRA	Tax sheltered retirement option that enables you to defer taxes on your earnings until you withdraw them. Contributions may be tax deductible.	$5,500 per year maximum	People who expect to be in a lower tax bracket when they retire. People who are looking for tax deductions and tax-deductible contributions.
Roth IRA	Earnings are tax-exempt as opposed to up front deductions, allowing principal to build up quickly. Withdrawals are tax-free. No mandatory withdrawal rules.	$5,500 per year maximum	People who are a long way from retiring and expect to be in the same or higher tax bracket at retirement. People who are expecting to be earning more at retirement.
Coverdell Education Savings Account (formerly known as Educational IRA)	Contributions are tax free, but not tax deductible. Designed to help save for educational costs.	$2,000 per year maximum	People interested in saving for a child's education.

CD IRAs Rates

Certificates of Deposit Specials
Product	Interest Rate	Annual Percentage Yield*
14 Month CD	2.20%	2.22%
26 Month CD	2.50%	2.53%
37 Month CD	2.60%	2.63%
62 Month CD	2.70%	2.74%
Minimum Initial Deposit $1,000. CD Rates and Annual Percentage Yields valid for IRAs.

Certificates of Deposit
Balance	Interest Rate	Annual Percentage Yield*
3 Months Jumbo CD	0.90% 0.95%	0.90% 0.95%
6 Months Jumbo CD	1.15% 1.20%	1.16% 1.21%
1 Year Jumbo CD	1.40% 1.45%	1.41% 1.46%
18 Months Jumbo CD	1.50% 1.55%	1.51% 1.56%
2 Years Jumbo CD	1.60% 1.65%	1.61% 1.66%
3 Years Jumbo CD	1.95% 2.00%	1.97% 2.02%
4 Years Jumbo CD	2.30% 2.35%	2.33% 2.38%
5 Years Jumbo CD	2.50% 2.55%	2.53% 2.58%
Minimum Initial Deposit $1,000, Minimum for Jumbo CDs >= $50,000. CD Rates and Annual Percentage Yields valid for IRAs.

Certificates of Deposit with Step Up Option
Balance	Interest Rate	Annual Percentage Yield*
1 Year Jumbo CD	1.30% 1.35%	1.31% 1.36%
18 Months Jumbo CD	1.40% 1.45%	1.41% 1.46%
2 Years Jumbo CD	1.50% 1.55%	1.51% 1.56%
3 Years Jumbo CD	1.85% 1.90%	1.87% 1.92%
4 Years Jumbo CD	2.10% 2.15%	2.12% 2.17%
5 Years Jumbo CD	2.30% 2.35%	2.33% 2.38%
Minimum Initial Deposit $1,000

Money Market IRAs Rates

Balance	Interest Rate	Annual Percentage Yield*
less than $2,500 with E-Option	0.05% 0.05%	0.05% 0.05%
$2,500 - $24,999 with E-Option	0.10% 0.15%	0.10% 0.15%
$25,000 - $49,999 with E-Option	0.15% 0.20%	0.15% 0.20%
$50,000 and up with E-Option	0.20% 0.25%	0.20% 0.25%
Minimum Initial Deposit $250

*Annual Percentage Yield. Interest Rates and Yields shown are effective as of 11/16/2018. Farm Bureau Bank deposit accounts are FDIC-insured up to $250,000. Fees could reduce earnings on the account. Interest rates and corresponding APYs may change at the bank’s discretion.

Minimum initial deposit for Money Market IRAs is $250. Federal guidelines restrict withdrawals from Money Market Accounts. Excess withdrawals incur a $5 transaction fee.

CD IRA Highlights

Overview	FDIC-insured All the benefits and security of a CD, with the tax advantages of an IRA All CD terms available Step-Up option available on CD IRAs that allows a one-time rate increase during the life of the CD term. Give yourself the room to grow your interest.
Minimum Initial Deposit	$1,000

Money Market IRA Highlights

Overview	FDIC-insured Allows multiple contributions Variable interest rate is tiered based on balance
Free E-Option	Paperless May earn a higher interest rate for each account you enroll. 24-hour Internet access to Online statements, Online Bill Pay and Online Funds Transfer
Minimum Initial Deposit	$250
Fees	$25 penalty for closures not rolled over into another Farm Bureau Bank IRA. Money Market withdrawal restrictions apply.

As with all IRAs, Federal withdrawal restrictions apply and a penalty will be imposed if there is an early withdrawal from the account. Consult your tax advisor for more information.