Individual Retirement Accounts
Individual Retirement Accounts (IRAs) are a smart way to build savings for retirement or higher education expenses while realizing significant tax advantages.1All First Midwest IRAs offer:
- Competitive interest credited quarterly.
- Automatic renewal at maturity with grace period.
View our rates
| Account | Details |
Traditional IRAs Call 800-241-1749 to learn more or to open your IRA today. | - Tax deferred, long-term retirement savings for clients with earned income up to age 70½.
- Contributions can be made until April 15 each year for the prior contribution year.
- Some or all of your contributions may be tax-deductible.1
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Roth IRAs Call 800-241-1749 to learn more or to open your IRA today. | - Contributions are made with after-tax income and earnings grow tax-free.
- Clients who qualify can contribute beyond age 70½.
- No required minimum distributions.
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Coverdell Education IRAs Call 800-241-1749 to learn more or to open your IRA today. | - Contributions are made with after-tax income to any child under age 18 for college expenses.
- Earnings grow tax-free.
- Not a retirement savings plan.
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Click here to view our Individual Retirement Account rates. |