Retirement Accounts
As millions of individuals have already discovered, IRAs are one of the 
best savings tools available today. More people than ever before are now eligible to take advantage of the incredible tax advantages available through IRAs.
Select from the following options to learn more about IRAs:
Traditional IRA
Roth IRA
Rollover IRA
Spousal IRA
Simplified Employee Pension Plan (SEP-IRA)
Retirement Plan Services
First Michigan Bank is participating in the FDIC Transaction Account Guarantee Program
| IRAs |
| Type | Minimum to Open and Obtain APY | Rate | APY | Compounded |
| 3 Month | $500 | 0.25% | 0.25% | Maturity |
| 6 Month | $500 | 0.45% | 0.45% | Maturity |
| 9 Month | $500 | 0.50% | 0.50% | Maturity |
| 12 Month | $500 | 0.75% | 0.75% | Quarterly |
| 18 Month | $500 | 0.75% | 0.75% | Quarterly |
| 24 Month | $500 | 1.05% | 1.05% | Quarterly |
| 36 Month | $500 | 1.25% | 1.26% | Quarterly |
| 48 Month | $500 | 1.50% | 1.51% | Quarterly |
| 60 Month | $500 | 1.80% | 1.81% | Quarterly |
| 72 Month | $1,000 | 1.90% | 1.91% | Quarterly |
*APY is Annual Percentage Yield. Rates are as of 09/02/10 and are subject to change. Penalty may be imposed for early withdrawal.
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