Choose the IRA that fits your future and start building savings with confidence.
Planning for retirement means thinking ahead — and choosing the right path to get there. With FNBC IRAs, you can select between Traditional and Roth options, each offering distinct tax advantages depending on your goals.
Benefits You'll Love
- Grow retirement savings with tax advantages
- Choose between Traditional and Roth options
- Avoid fees that can impact long-term growth
- Build savings with competitive interest rates
- Competitive interest above standard savings rates
- Traditional and Roth IRA options
- Tax-free and tax-deferred savings options1
- Contributions may be tax deductible2
- No setup fees or service charges
- No monthly or annual maintenance fees
- Annual contribution limits apply (see current contribution limits)1
- Additional $1,000 "catch-up" contribution allowed for ages 50+
- Funds can be used to purchase CDs within IRA
- $1,000 minimum deposit to open
- FDIC insured
1Certain exceptions apply, such as healthcare, purchasing first home, etc.
2Consult a tax advisor.
There are advantages to both traditional and Roth IRAs. One of the biggest differences is the time at which you see the most advantage. A traditional IRA provides potential tax relief today, while a Roth IRA has the potential for the most tax benefit at time of retirement.
Traditional IRA
- No income limits to open
- No minimum contribution requirement
- Contributions are tax deductible on state and federal income tax1
- Earnings are tax deferred until withdrawal (when usually in lower tax bracket)
- Withdrawals can begin at age 59½
- Early withdrawals subject to penalty2
- Mandatory withdrawals at age 72
Roth IRA
- Income limits to be eligible to open Roth IRA3
- Contributions are NOT tax deductible
- Earnings are 100% tax free at withdrawal1
- Principal contributions can be withdrawn without penalty1
- Withdrawals on interest can begin at age 59½
- Early withdrawals on interest subject to penalty2
- No mandatory distribution age
- No age limit on making contributions as long as you have earned income
1Subject to some minimal conditions. Consult a tax advisor.
2Certain exceptions apply, such as healthcare, purchasing first home, etc.
3Consult a tax advisor.
Use this calculator to determine your projected earnings from our Kasasa Cash account. Move the sliders or type in the numbers to see your potential rewards.
- Estimated Annual Rewards $0
- Estimated monthly interest earned* $0
- Monthly ATM fees refunded**$0
This calculator compares the costs of buying or leasing a vehicle. There are three sections to complete, and you can adjust and experiment with different scenarios.
- Net cost of buying $0
- Net cost of leasing $0
A fixed-rate, fixed-term CD can earn higher returns than a standard savings account. Use this calculator to get an estimate of your earnings. Move the sliders or type in numbers to get started.
- Total value at maturity $0
- Total interest earned $0
- Annual Percentage Yield (APY)0.000%
Whether it's a down payment, college, a dream vacation...a savings plan can help you reach your goal. Use the sliders to experiment based on length of time and amount per month.
- Monthly deposit needed to reach goal $0
This calculator can help you get a general idea of monthly payments to expect for a simple loan. Move the sliders or type in numbers to get started.
- Estimated monthly payment $0
- Total paid $0
- Total interest paid $0
Fixed Rate Mortgage Loans
| Product (Loan amounts up to $832,750) |
Rate | APR3 | Sample Monthly Payment2 (Examples below assume a loan amount of $100,000. Excluding taxes and insurance. Examples for illustrative purposes only) |
||
|---|---|---|---|---|---|
| 30 Year Fixed Rate Mortgage | 6.125% | 6.473% | $607.61 | ||
| 20 Year Fixed Rate Mortgage | 5.875% | 6.331% |
$709.24 |
||
| 15 Year Fixed Rate Mortgage | 5.500% | 6.065% |
$817.08 |
||
| Estimated Payment Amount* | Rate | Months | |||
| 7/1 Adjustable Rate Mortgage | 5.750% | 6.213% | $583.57 | 5.750% | 84 |
| $599.55 | 6.000% | 276 | |||
| 5/1 Adjustable Rate Mortgage | 5.625% | 6.192% | $575.66 | 5.625% | 60 |
| $599.55 | 6.000% | 300 | |||
| 15 Year Balloon | 5.500% | 5.942% | $641.62 | Balloon Payment $49,551.24 | |
Jumbo Loans
| Product
(Loan amounts over $832,750) |
Rate | APR7 | Sample Monthly Payment2 (Examples below assume a loan amount of $850,000. Excluding taxes and insurance. Examples for illustrative purposes only) |
||
|---|---|---|---|---|---|
| 30 Year Fixed Rate Mortgage Jumbo | 6.250% | 6.320% | $5,233.60 | ||
| 15 Year Fixed Rate Mortgage Jumbo | 6.250% | 6.366% | $7,288.09 | ||
| Estimated Payment Amount* | Rate | Months | |||
| 7/1 Adjustable Rate Mortgage Jumbo | 5.500% | 5.812% | $4,826.21 | 5.500% | 84 |
| $5,096.18 | 6.000% | 276 | |||
| 5/1 Adjustable Rate Mortgage Jumbo | 5.625% | 5.920% | $4,893.08 | 5.625% | 60 |
| $5,096.18 | 6.000% | 300 | |||
| 15 Year Balloon Jumbo | 6.250% | 6.342% | $5,871.12 | Balloon Payment $426,851.00 | |
| 30 Year Fixed Rate Mortgage Jumbo | |
|---|---|
| Rate | 2.625% |
| APR7 | 2.644% |
| Sample Monthly Payment2 (Examples below assume a loan amount of $800,000. Excluding taxes and insurance. Examples for illustrative purposes only) |
$2,811.55 |
| 15 Year Fixed Rate Mortgage Jumbo | |
| Rate | 2.625% |
| APR7 | 2.661% |
| Sample Monthly Payment2 (Examples below assume a loan amount of $700,000. Excluding taxes and insurance. Examples for illustrative purposes only) |
$4,708.83 |
| 7/1 Adjustable Rate Mortgage Jumbo | |
| Rate | 2.625% |
| APR7 | 2.644% |
| Sample Monthly Payment2 (Examples below assume a loan amount of $700,000. Excluding taxes and insurance. Examples for illustrative purposes only) |
$2,811.55 |
| 2.625% | |
| undefined | 84 |
| $2,824.43 | |
| Rate | 2.700% |
| APR7 | 276 |
*Disclaimer: Monthly payments shown are principal and interest only and do not include PMI, taxes, insurance, or other applicable escrows. Actual payment obligation may be greater. Adjustable-rate mortgages have interest rates which are subject to increase after consummation. Estimated future payments shown are based on current index plus margin (1yr. CMT plus 2.25%) rounded to the nearest. 0.125%. Actual payments will reflect the then applicable index/margin at each re-pricing interval, which may be higher than the estimates shown above.
FEE SCHEDULE
Note: This fee schedule does not include third party closing costs such as hazard insurance and recording fees. Charges are based on a purchase transaction.
|
Item |
Fee |
|
Title Charges |
$2,273.00-$2,923.00** |
|
Origination Fee |
$650.00 |
|
Appraisal Fee |
$575.00-$1,000.00** |
|
Tax Service Fee (non-escrowing) |
$61.00 |
|
Flood Certification Fee |
$13.50 |
|
Credit Report Fee |
$200.00 |
|
Employment Verification Fee |
$350.00 |
**Depending on property type.
Learn More
For more information about mortgage loans from FNBC Bank & Trust, please contact:
Tamara Powers NMLS ID: 1515324 or Candace Racz NMLS ID: 525850
Call 708-482-7700 or email [email protected]*
FNBC Bank & Trust NLMS ID: 512329
*The Bank strongly recommends that customers do not send their Social Security numbers, bank account information or other confidential information by email.
Important Disclosures, Assumptions & APR Information
GENERAL DISCLOSURES
1. Information displayed is accurate as of the date of the effective date and is subject to change without notice. Other restrictions may apply.
2. The monthly payment amount displayed includes principal, interest and does not include mortgage insurance. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. The payment amount does not include homeowner's insurance or property taxes which must be paid in addition to your loan payment.
3. The displayed Annual Percentage Rate (APR) for the loan products shown reflects the interest rate and applicable closing costs. APR calculations based on a $100,000 loan amount for conventional mortgages inclusive of $2,273.00 title charges, $650.00 origination fee, $61.00 tax service fee, $13.50 flood determination fee, $350 verification of employment fee, and 15 days prepaid interest. The above rates are based on a servicing retained option that meets all satisfactory underwriting. Pricing, closing costs, and corresponding APRs may vary.
4. Mortgage interest rates shown are based on a 45-day rate lock period. Under certain circumstances, a 45-day rate lock may not be available. Contact one of our Loan Officers for more details.
5. These mortgage rates are based on a variety of underwriting guidelines and qualification assumptions. Your loan interest rate will depend upon the specific characteristics of your loan transaction and your credit history up to the time of closing.
6. THE ESTIMATED TOTAL CLOSING COSTS ABOVE DO NOT CONSTITUTE AND ARE NOT A SUBSTITUTE FOR A LOAN ESTIMATE, WHICH INCLUDES AN ESTIMATE OF CLOSING COSTS THAT YOU WILL RECEIVE ONCE YOU APPLY FOR A LOAN. This is NOT a mortgage loan approval or commitment to lend. The actual fees, costs and monthly payment on your specific loan transaction may vary, and may include city, county or other additional fees and costs.
7. The displayed Annual Percentage Rate (APR) for the loan products shown reflects the interest rate and applicable closing costs. APR calculations based on a $850,000 loan amount for Jumbo mortgages inclusive of $2,923.00 title charges, $650.00 origination fee, $61.00 tax service fee, $13.50 flood determination fee, $350 verification of employment fee, and 15 days prepaid interest. The above rates are based on a servicing retained option that meets all satisfactory underwriting. Pricing, closing costs, and corresponding APRs may vary.
8. The 15-year Balloon Mortgage product will result in a remaining principal balance equal to approximately 50% of the original loan amount at the end of the 15-year term. All Balloon Mortgage products must be paid in full or refinanced at maturity. Refinancing requires new credit approval and not guaranteed.