Roth IRA

The Roth IRA provides no deduction for contributions, but instead provides a benefit that isn't available for any other form of retirement savings.

If you meet certain requirements, all earnings are tax free when you or your beneficiary withdraw them. Other benefits include avoiding the early distribution penalty on certain withdrawals, and eliminating the need to take minimum distributions after age 70½. Contact one of Customer Service Representatives for terms, rate, and additional information.

  • You can establish a Roth IRA by making a regular contribution to a Roth IRA or by converting a traditional IRA to a Roth IRA.
  • You may be eligible to make a regular contribution to a Roth IRA even if you participate in a retirement plan maintained by your employer
  • In order to be eligible to contribute to the Roth IRA, you or your spouse must have compensation or alimony income equal to the amount contributed. And second, your modified adjusted gross income can't exceed certain limits.
  • These contributions can be as much as $5,000 for 2009 ($6,000 if you're 50 or older by the end of the year).
  • The chief reason is that the Roth IRA is effectively bigger than a regular IRA because it holds after-tax dollars. If you can take advantage of this feature of the Roth IRA by maximizing your contributions you'll add greater tax leverage to your retirement savings.
  • One significant advantage to a Roth IRA is that the minimum distribution rules don't apply. If you're able to live on other resources after retirement, you don't have to draw on your Roth IRA at age 70½. That means your earnings continue to grow tax-free.
  • The other big advantage is the ability to take certain early distributions without paying the early distribution penalty. The Roth IRA makes it easier to keep your money in, and also easier to take your money out.

Traditional IRA

A Traditional IRA is a personal savings plan that gives you tax advantages for setting aside money for retirement.

These advantages include the potential for tax-deductible contributions, the potential for a tax credit, and the potential for tax-deferred growth. Contact one of Customer Service Representatives for terms, rate, and additional information.

  • FNB Bank offers a variety of IRA terms from 12 months to 60 months.
  • Minimum deposits range from $100-$1000.
  • If you earned income during the year and you will not reach age 70½ by the end of the year, you can open a Traditional IRA.
  • If you are under 50 years of age, the annual contribution limit for tax year 2009 is $5000.
  • If you are 50 years or older, the annual contribution limit for tax year 2009 is $6000.
  • You can open a Traditional IRA regardless if you are covered by another retirement plan or not.
  • The accumulated interest is not taxed until the funds are withdrawn.
  • When you reach the age of 59½, you can withdraw the funds penalty-free.
  • Penalty-free withdrawals may be used to pay for educational expenses.

Liquid CD

The Liquid CD is perfect for those who want to maintain a higher rate of return while maintaining the ability to access their money on a monthly basis.

  • Minimum $2,500 to open a Liquid CD
  • 2 withdrawals per month are allowed
  • Rate is guaranteed until the first day of the calendar quarter following the opening of the account
  • Available to individuals or businesses
  • Contact a Customer Service Representative for current interest rate and annual percentage yield


  • The interest rate and annual percentage yield may change and the rate may change each quarter. You must maintain a balance of $2,500 to obtain the annual percentage yield and avoid the $10.00 monthly service charge. If you exceed 2 withdrawals per month, there is a $10.00 charge per withdrawal.

Certificates of Deposit

Certificates of Deposit (CDs) are a great way to save and receive high yielding benefits.

A CD is a special type of deposit account which typically offers a higher rate of interest than regular savings accounts. When you invest in a CD, you lock in your savings for a particular length of time. If you withdraw your funds early, you pay a penalty.

FNB offers several CDs allowing you to opportunity choose the term that works best for you. Contact one our Customer Service Representatives current CD terms and rates.

  • Minimum deposits range from $500-$1000
  • Terms range from 91 days to 60 months
  • You choose how to receive interest earned
Mayfield Main
101 E Broadway
Mayfield, KY 42066
270-247-1758
Mayfield South
310 Charles Drive
Mayfield, KY 42066
270-247-1352
Lone Oak
3445 Lone Oak Rd

Paducah, KY 42003
270-554-1748
Paducah
630 Jefferson St
Paducah, KY 42001
270-442-7395
Murray
1445 Lowes Dr
Murray, KY 42071
270-767-1240
Wingo
9606 State Route 45 S
Wingo, KY 42088
270-376-5859
Cadiz Main
2558 Main Street
Cadiz, KY 42211
270-522-6021
Cadiz West
1197 Canton Road
Cadiz, KY 42211
270-522-3256