First National Bank Account Types

First National Bank offers a variety of investment accounts designed to cater to different financial goals. The main account types include:

• Individual Retirement Accounts (IRAs):
• Purpose: Retirement savings.
• Contribution Limits: $6,000 annually (or $7,000 if over age 50).
• Taxation: Taxes upon withdrawal (Traditional IRA) or tax-free growth (Roth IRA).
• Withdrawal Rules: Penalty-free after age 59.5.
• Education Savings Accounts:
• Purpose: Saving for education expenses.
• Taxation: Tax-free when used for qualified educational expenses.
• Health Savings Accounts (HSAs):
• Purpose: Medical expenses.
• Contribution Limits: $3,650 annually for self-only coverage; $7,300 for family coverage (with an additional $1,000 catch-up contribution allowed after age 55).
• Taxation: Tax-free when used for qualified medical expenses.
• Certificates of Deposit (CDs):
• Purpose: General savings.
• Contribution Limits: $250,000.
• Fees: None.

For more details, visit First National Bank Investment Accounts.

First National Bank Broker Account Opening Process

To open a trading account with First National Bank, follow these steps:

• Gather Required Information:
• Provide detailed information about your business profile, including:
• Citizenship or jurisdiction.
• Occupation or business activity.
• Existing bank accounts.
• Information on whether investing is your main source of income.
• Submit Application:
• Fill out the online application form available on the First National Bank website.
• Receive Feedback:
• After submitting your application, agents will assess your case and provide feedback regarding the account opening.
• Account Activation:
• Once approved, you will receive your account details, allowing you to access the trading platform.

For more information on opening a trading account, visit First National Bank Trading Account Opening.