Individual Retirement Accounts
It's never too early to start strategically planning for financial security in retirement. First Interstate Bank provides Individual Retirement Account (IRA) options to meet your unique financial situation and retirement goals. Take advantage of tax savings while securing your retirement future.
A Traditional Individual Retirement Account (IRA) is a government approved, tax-deferred savings** program that enables you to set aside a portion of your income each year for the purpose of investing in your own retirement.
The Roth IRA is a nondeductible account that features tax-free** withdrawals at the required age and for certain distribution reasons after a five year holding period.
A Coverdell Education Savings Accounts (CESA) is a nondeductible account that features tax-free** withdrawals for a student's education expenses.
**Consult your tax advisor. There is a substantial penalty for early withdrawal. Interest rates are subject to change.
Through our partnership with HealthEquity, Inc., you can leverage your HSA to maximize savings, both now and in the future.
Designed for clients who maintain a higher account balance and want to earn interest.
A good choice for straightforward individual or family savings with a lower balance requirement.