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Investment Accounts

 

Money Market Accounts

First Money Market

Our First Money Market account earns interest while allowing funds availability on a limited transaction basis.  Interest will be compounded monthly and will be credited to the account monthly.

  • $2,500 minimum opening deposit
  • No minimum balance fee if balance remains above $2,500 during statement cycle.  Only $10 minimum balance fee if balance falls below $2,500 any day during statement cycle.
  • Transaction limits apply

 

First Investment Tiered Money Market

Our First Investment Tiered Money Market account earns interest while allowing funds availability on a limited transaction basis with varying interest bearing tiers.  Interest will be compounded monthly and will be credited to the account monthly.  The First Investment Tiered Money Market account allows you to obtain maximum interest earnings while maintaining easy, penalty-free access to your money.

  • $2,500 minimum opening deposit
  • Interest earned on daily balances greater than $2,499.99
  • Market sensitive rates that are tiered based on deposit amount
  • No minimum balance fee if balance remains above $2,500 during statement cycle.  Only $25 minimum balance fee if balance falls below $2,500 any day during statement cycle.
  • Transaction limits apply

 

Certificate of Deposit

A Certificate of Deposit is a time account that generally produces a higher interest yield than a traditional savings account.  A minimum opening deposit of $500 is required and funds must be left on deposit for a predetermined period of time. Early withdrawal penalties may apply.  See a Customer Service Representative for our current CD rates as well as CD rate specials.

 

Individual Retirement Accounts

Prepare for your retirement with an IRA or supplement your existing retirement plan with a Traditional or Roth IRA.  First Commonwealth Bank also offers the Coverdell Education IRA to help you save for your child's future educational expenses.

Traditional IRAs allow the customer to defer taxes on earning until withdrawal and certain contributions are tax-deductible for the applicable tax year.

Roth IRAs are non-deductible but feature earnings and withdrawals for certain reasons after a five-year holding period.

Coverdell Education IRAs are non-deductible that feature earnings for the specific purpose of a child's educational expenses.

 

For tax-related questions please consult your tax advisor.