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CDs, IRAs, & HSA

Certificates of Deposits and Individual Retirement Accounts offer a stable and reliable path towards achieving your long-term financial goals. With competitive interest rates and guaranteed returns, our CD products provide a safe haven for your savings, allowing you to grow your wealth without the volatility of the stock market. Meanwhile, our IRA options offer tax advantages and diverse investment opportunities, tailored to suit your individual retirement needs.

Whether you're planning for retirement or seeking to build a nest egg, our CD and IRA products offer a secure foundation for your financial journey. Explore the benefits of investing with us today and take the first step towards a brighter financial future.


Certificates of Deposits (CDs)

Improve your earnings without having to invest in a volatile market. Simply pick the term and your funds earn a guaranteed fixed rate.

  • Set aside for future savings goals
  • Competitive, fixed rate for length of term
  • Greater earnings than standard savings
  • Receive higher rates by selecting a longer term
  • Provides more guarantee than other risky investments
  • A wide range of terms available
  • Penalty for early withdrawal
  • Open most CDs with as little as $500

Check our current rates here.

Easy-Access CDs

Maximize your earning potential without sacrificing liquidity. This CD lets you access your funds once per quarter.

  • Fixed-rate earnings
  • One penalty-free withdrawal each quarter
  • Unlimited deposits of $500 or more
  • 12-month term
  • Automatically renewed for your convenience, unless otherwise specified
  • $5,000 minimum deposit to open

Check our current rates here.

The Breakable CD

If you would like the earnings of a long-term investment, but are concerned about tying up your funds in the event rates may rise, a FCCB Breakable CD is a great solution — and we’ve got two great options! Both require $5,000 to open and a FCCB checking account. These CD's offer fixed rates earnings and have the ability to “break” the contract early once without a penalty.    

30-Month term

  • Can “break” the contract after 12-months.
  • Auto renews to our 2-3 Year Fixed CD at maturity.

42-Month Term

  • Can “break” the contract after 18-months.
  • Auto renews to our 3-4 Year Fixed CD at maturity.

At a time when the frequency of changing interest rates is uncertain, the Breakable CD is a great solution allowing you to withdraw funds for another investment without a penalty. Call us today at (800) 326-9486 or visit your local office to tap into the earning capabilities of our Breakable CDs!

Check our current rates here.

Individual Retirement Accounts (IRAs)

You’ve put in the work — retirement is the time to cash in. Choose between traditional or Roth and get started today.

  • Save for retirement with tax advantages1
  • Earn competitive interest higher than regular savings
  • Interest paid quarterly
  • Available in Traditional and Roth
  • Annual contribution limits apply
  • $1,000 annual “catch up” contributions allowed for ages 50 and better
  • No annual fees or set-up fees
  • No minimum balance requirements
  • Federally insured
  • $500 minimum deposit to open

1Consult a tax advisor

Traditional Vs. Roth

Traditional IRA

  • No income limits to open
  • No minimum contribution in any year
  • Contributions are tax deductible on state and federal income tax1
  • Earnings are tax deferred until withdrawal
  • Withdrawals can begin at age 59½
  • Early withdrawals subject to penalty2
  • Mandatory withdrawals begin at age 70½

Roth IRA

  • Income limits to be eligible to open Roth IRA
  • Contributions are NOT tax deductible
  • Earnings are 100% tax FREE at withdrawal1
  • Principal contributions can be withdrawn without penalty1
  • Withdrawals on interest can begin at age 59½
  • Early withdrawals on interest subject to penalty2
  • No mandatory distribution age
  • No age limit on making contributions as long as you have earned income 

We also offer variable rate IRA's, which provide a great opportunity to start with only a $25 minimum opening deposit. What’s unique is that a variable rate IRA also provides the ability to make future deposits. Funds can be withdrawn or transferred to another IRA at maturity. However, IRS penalties for early withdrawals may apply. FCCB penalties may apply for withdrawals made prior to age 72.

1Subject to some minimal conditions. Consult a tax advisor.

2Certain exceptions apply, such as healthcare, purchasing first home, etc.

Coverdell Education Savings Account (CESA)

Create an easier transition into college for yourself and your student by setting up a savings account early. A Coverdell Education Savings Account (ESA) provides a tax-free safe place to grow competitive interest and also financial confidence for a new stage in life. 

  • Set aside funds for your child's education
  • No setup or annual fee
  • Interest grows tax-free
  • Withdrawals are tax-free and penalty-free when used for qualified education expenses1
  • Designated beneficiary must be under 18 when contributions are made
  • To contribute to an ESA, certain income limits apply2
  • Contributions are not tax deductible
  • $2,000 maximum annual contribution per child
  • The money must be withdrawn by the time he or she turns 303
  • The ESA may be transferred without penalty to another member of the family 

1Qualified expenses include tuition and fees, books, supplies, board, etc.

2Consult your tax advisor to determine your contribution limit.

3Those earnings are subject to income tax and a 10% penalty.

Health Savings Account (HSA)

Pay for qualified medical expenses now and well into retirement with a smart account that stays with you, no matter your employer.

  • Greater personal control over healthcare management and expenses
  • Prepare for qualified medical expenses
  • Earn interest above standard savings on entire balance
  • Receive higher rates on larger deposits
  • An HSA provides triple tax savings:
    • Tax deductions when you contribute to your account
    • Tax-free earnings through investment
    • Tax-free withdrawals for qualified medical, dental, vision expenses, and more1
  • Contributions are tax-free and can be made by you, your employer, or a third party
  • Funds can be withdrawn at any time2
  • No monthly service fees
  • No minimum balance requirements
  • Unused funds remain in account year after year; no "use it or lose it" policy
  • Keep your HSA in your name, regardless of career or life changes
  • Easy ways to access your HSA funds:
    • Free HSA checks
    • Free HSA debit card
  • $50 minimum deposit to open


Most adults under 65 who are not enrolled in Medicare and are covered under a high-deductible health plan (HDHP) can qualify for an HSA, but it is up to the account holders to determine their own eligibility. Please contact your tax advisor for further eligibility requirements.

HSA for Retirement Planning

HSAs can be used as an additional option for retirement planning.

Because there is no use-it-or-lose-it requirement, unused balances can carry forward into retirement, tax free. A consumer can spend out of pocket for medical expenses while working, and save the balance in the HSA for retirement.

With a First Citizens Community Bank Health Savings Account, you can use checks and a MasterMoney debit card to pay providers or purchase qualified medical supplies.

In addition, contributions for the current year can be automatically transferred from your First Citizens checking account each month, or you can make the transfer yourself with our online banking and telephone banking services.