Retirement


Our First Federal Individual Retirement Accounts (IRAs) are a great way to plan for your retirement and enhance your portfolio. We offer several IRA options to choose from depending on what works best for your situation.


7 - Month Rate Bump CD & IRA Specials - 4.80% APY1

Our new CD & IRA Specials are some of the best offered in Idaho!

  • Market-leading interest rates!
  • A one-time interest rate bump may be taken during the original term.2
  • Low minimum opening deposit.
See below for full list of requirements.

Traditional IRA

Our Traditional IRA provides a safe way for you to save money for your retirement. Contributions can also be deductible, which can provide income tax relief in certain situations.3 Speak with a First Federal representative today for more details.


Roth IRA

A Roth IRA is similar to a Traditional IRA; however, contributions are not tax deductible. This advantage allows your money to grow with qualifying distributions tax-free.3 This can help reduce the tax liability in your retirement years and let you enjoy the money you have worked so hard to earn. Speak with a First Federal representative today for more details.


CESA IRA

A CESA IRA, or Coverdell Education Savings Account, lets you save for you or your family's educational needs. A CESA IRA can be used to pay for primary and secondary schooling, not just colleges and universities. Funds also grow tax-free until disbursement.3 Speak with a First Federal representative today for more details.


IRA Rollover

A tax-deferred rollover occurs when you withdraw cash or other assets from one eligible retirement plan and contribute all or part of it within 60 days to another eligible retirement plan.3 If you’re changing jobs, rolling an old eligible retirement plan into IRA may be a benefit and we can help you do so. Speak with a First Federal representative today for more details.

Individual Retirement Accounts 1


Regular

$100 Minimum Deposit to Open

Jumbo
$100,000 Minimum Deposit to Open
TERM INTEREST RATE APY INTEREST RATE APY
7 - Month Rate Bump
w/ Checking2
4.70      % 4.80     % 4.79      % 4.80     %
7 - Month Rate Bump
w/o Checking2
4.31      % 4.40    % 4.41     % 4.50    %
3 Months 4.36 % 4.45 % 4.46 % 4.55 %
6 Months 4.51 % 4.60 % 4.60 % 4.70 %
12 Months 4.60 % 4.70 % 4.70 % 4.80 %
18 Months 4.41 % 4.50 % 4.51 % 4.60 %
30 Months 3.35 % 3.40 % 3.45 % 3.51 %
4 Years 3.06 % 3.10 % 3.15 % 3.20 %
5 Years 3.20 % 3.25 % 3.30 % 3.35 %

Interest rates and APYs are accurate as of 6/3/2024  Rates are subject to change at any time.


1 Annual Percentage Yield (APY) assumes interest credited is not withdrawn until maturity or renewal. Principal withdrawals prior to the maturity or renewal date may be subject to early withdrawal penalties. Penalties are not assessed if the account holder is deceased. Renewal grace period is seven (7) calendar days. Fees may reduce earnings on the account. Stated APY is current as of 6/03/2024. 

2 If, during the original term of this CD, our CD rate for the same term increases, the account holder(s) may request a one-time increase to the originally disclosed rate. This request will not alter the original maturity date.

3 Consult your tax advisor for more information.

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