Individual Retirement Accounts

Individual Retirement Accounts (IRAs) are a smart way to build savings for retirement or higher education expenses while realizing significant tax advantages.1All First Midwest IRAs offer:                                

  • Competitive interest credited quarterly.
  • Automatic renewal at maturity with grace period.
  • 100 Tuition Rewards points plus 5% annually of your year-to-date average account balance.

View our rates

Account 

Details 

Traditional IRAs 

Call 800-241-1749 to learn more or to open your IRA today.

  • Tax deferred, long-term retirement savings for clients with earned income up to age 70½.
  • Contributions can be made until April 15 each year for the prior contribution year.
  • Some or all of your contributions may be tax-deductible.1 

Roth IRAs 

Call 800-241-1749 to learn more or to open your IRA today.

  • Contributions are made with after-tax income and earnings grow tax-free.
  • Clients who qualify can contribute beyond age 70½.
  • No required minimum distributions.

Coverdell Education IRAs 

Call 800-241-1749 to learn more or to open your IRA today.

  • Contributions are made with after-tax income to any child under age 18 for college expenses.
  • Earnings grow tax-free.
  • Not a retirement savings plan.

Click here to view our Individual Retirement Account rates.

More IRA Options

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