Individual Retirement Accounts (IRAs)
The Fauquier Bank offers traditional, Roth and Education IRAs depending on your personal needs. You may choose between variable rate savings IRAs or fixed rate IRA Certificates of Deposit. All are FDIC insured*. Savings IRAs can be opened with as little $1.00. IRA CDs are automatically renewable and require a minimum opening balance of only $250. Let us set up an automatic savings plan for you that will help you retire more comfortably.
There are many different kinds of IRAs. The most common are:
If you've changed jobs and have money from your old company's 401(k) plan, you need to put it somewhere quickly or you could owe the government some serious cash. And a Rollover IRA is one good option.
Give The Fauquier bank a call if you have additional questions about any IRA account, or if you're ready to open one. Plus, there are many other retirement saving and planning options we could tell you about.
For more information on IRAs, please contact us.* Each depositor insured up to $250,000.