Dedicated to Deposits: Deals, Data, and Discussion

5.63% IRA Savings Account at an Illinois Bank (Citizens First National)

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Citizens First National Bank
Citizens First National Bank is offering a product called the Freedom IRA with rates up to 5.63% APY for balances of $50,000 or more. The rate is based on the 91 Day Treasury Rate plus 0.50%. Balances between $10K and $50K earn a rate 0.25% less and balances from $50 to $10K earn 0.50% less. The minimum balance is $50 to obtain the APY. The yields will be adjusted on the first business day of the month.

According to the bank's service rep, the Freedom IRA is like an IRA Savings Account. It can be transferred without penalty at any time. The account can be opened by mail.

Branches are located throughout Illinois including the cities of Aurora, Newark, Plano and Spring Valley. The bank has been insured by the FDIC since 1934 (Cert. # 3731).

  Tags: Illinois, Citizens First National Bank, IRA rates, savings account

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