First Bank - The Power of Alaskan Banking

Refuge Cove Rainforest By: Sheila Kleinschmidt

Retirement Accounts

We've created retirement account options to fit most everyone's needs and budget. Let us help you make the right retirement account decision for you by answering the question below:

I am a conservative investor wanting to invest $500 or more. I'd like a fixed interest rate for the term of the investment so I know how much interest I will earn each month.
I feel comfortable leaving my money on deposit for 2 - 3 years but am concerned about locking in a rate when rates might move up.
I don't mind a small amount of interest rate risk. My investment should a variable rate tied to a national market rate such as the Prime Rate to take immediate advantage of market rate increases.

A note about interest payments: Interest paid on Retirement Prime Saver and Time Deposits with maturities greater than 12 months is calculated daily and paid monthly. Interest is paid to the directly to the Time Deposit .

Automatic Renewal: All Time Deposits (including Prime Saver) conveniently and automatically renew on the maturity date so you continue to earn interest even if you forget to renew your Time Deposit.