Personal Savings

First Statement Savings

This account offers a competitive interest rate, monthly statements, and access to your funds through any of our ATM locations. You may make six (6) transfers from your account each four (4) week or similar period. A service fee of $3.00 will be charged in any month that the daily minimum balance in your account falls below $50.00.

First Savers Account

This account is designed to offer children the opportunity to begin saving at an early age. This is an interest bearing joint account between the minor and a guardian (parent or relative). Interest is compounded daily and credited monthly. There is no minimum balance requirement for this account. A quarterly statement will be provided. Two (2) signatures are required for withdrawal. There are no service fees until the account owner reaches the age of eighteen (18). You must make at least a $5.00 opening deposit.

Certificate of Deposit

Certificates of Deposit are designed to meet your investment needs, providing you:

• Fixed interest rates- We guarantee the rate of return of the entire term of the investment, thus eliminating worry about variable rates.

• Automatic renewal- You may renew any matured certificate of deposit for the same term without visiting the bank.

• Security- All First Investment Services are risk free. The Federal Deposit Insurance Corporation insures each depositor up to $100,000. At First Century, the strength of our assets adds to the safety and security of every deposit.

• Lower minimum balance requirements- Our low minimum balance requirements make it possible for everyone to access the higher market rates on their investment - large or small

• Variety of maturity periods- First Certificates feature a variety of terms structured to meet your particular investment or liquidity needs.

Maturity periods available include:

Individual Retirement Account

Save for your retirement and receive tax incentives now with First Century Bank's Individual Retirement Account (IRA). Our Customer Service Representatives can show you how we can take care of you today and tomorrow. Our selection of investment alternatives is designed to meet any investment objective. Investments include:

Fixed Rate Option
This deposit account is designed for the investor who prefers longer maturities and fixed rates. Our fixed rate term guarantees yields throughout the maturity period. All Fixed Rate options allow deposits equal to your annual maximum contribution limits.

         IRA 12 MONTH FIXED TERM

       IRA 24 MONTH FIXED TERM

       IRA 36 MONTH FIXED TERM

       IRA 48 MONTH FIXED TERM

       IRA 60 MONTH FIXED TERM

Variable Rate Option
Advantageous for customers wanting to make random deposits throughout the year and manage the funds in a single account. Funds are deposited to a variable account at the prevailing market rate with no maturity date.

Roth IRA
The Roth IRA is a nondeductible account that features tax-free withdrawals for certain distribution reasons after a five-year holding period. Unlike the Traditional IRA, the Roth IRA does not permit you to take deduction for any of the contributors that you make to it.

Coverdell Education Savings Account
This account is a nondeductible account that features tax-free withdrawals for a very specific purpose–a child’s higher education expenses. While qualified higher education distributions from a Traditional or Roth IRA are penalty free, the same distributions from the Coverdell Education Savings Account are penalty free and tax free.