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First National Bank of Gilbert


The sooner you open an IRA, the more money you will have for your golden years! First National Bank of Gilbert offers three types of IRAs that can be opened with just $50.00. So whatever your financial goals or lifestyle is, we'll help you explore the options – simply and clearly – so that you can begin NOW to develop a program that's right for you. Because the sooner you begin, the sooner your dollars can go to work and multiply into substantial sums for you. Use IRAs to plan for retirement. Visit a Customer Service Representative for complete IRA details and current interest rates.

Traditional IRA

The Traditional IRA is an account that allows you to DEFER TAXES on the earnings on your contributions until they are withdrawn. Also, certain contributions are TAX DEDUCTIBLE in the tax year for which they are made.

Roth IRA

The Roth IRA allows only NON-DEDUCTIBLE CONTRIBUTIONS and features TAX-FREE withdrawals for certain distribution reasons after a five-year holding period. Since Roth IRA contributions are non-deductible and taxed in the year they are earned, if you expect to be in a higher tax bracket when you retire, you may benefit more from a Roth IRA than a Traditional IRA.