Individual Retirement Accounts (IRAs)

Secure, Reliable Ways to Grow Your Savings for the Future

Build a Stronger Retirement Future

Individual Retirement Accounts (IRAs)*

IRAs are powerful tools for long-term retirement savings. At First Reliance, we offer both Traditional and Roth IRAs to help you plan confidently for the years ahead. Each offers distinct tax advantages, depending on your financial situation and goals.

Traditional IRAs:

  • Contributions may be tax-deductible (consult your tax advisor).
  • Taxes are deferred until you withdraw funds during retirement.
  • Ideal for individuals who expect to be in a lower tax bracket later in life.

Roth IRAs:

  • Contributions are made with after-tax income.
  • Qualified withdrawals are tax-free.
  • A good fit for those who anticipate higher taxes in the future or want flexibility in retirement.
  • Our team will help you determine which IRA is best for you based on your income, retirement goals, and overall financial plan. Will need disclosure: Our IRA products are not self directed investment vehicles.

*Penalty will be imposed for early withdrawal. Fees may reduce earnings. Withdrawals and contributions are subject to IRS guidelines.

A banker from First Reliance giving advice to clients about IRA accounts

Smart, Secure, and Rewarding

Why Choose First Reliance?

We’re more than just your bank—we’re your financial partner. Our experienced team is here to walk you through your options and help you make the best decision for your savings. With competitive rates, personalized service, and a strong commitment to your financial well-being, First Reliance is the smart choice for CDs and IRAs.

Start Saving for
Tomorrow—Today

Whether you’re ready to lock in a great CD rate or open an IRA to prepare for retirement, First Reliance Bank makes it easy to get started. Visit one of our convenient branch locations or contact us to speak with a banking specialist who can guide you every step of the way.

Hand holding a smartphone with First Reliance Bank logo

Better Life Blog
Stories and Insights

Find tips for managing money and learn more about what First Reliance does for the community.

Why Choose a HELOC with First Reliance

For many homeowners, the equity you’ve built in your home is one of your greatest...

Unlocking the Value of First Reliance’s BaZing Benefits

Managing your money should come with more than just a checking account, and with First...

Stay on Top of Your Finances with First Reliance Bank’s My Credit Score Tool

Managing your credit is a vital part of financial wellness, whether planning to buy a...

Leave Site

Continue