Memphis IRA accounts - First Alliance Bank

Personal Banking - CDs & IRAs

Certificate of Deposit
If you are saving for a specific period of time or for a specific purpose, you may want to consider a Certificate of Deposit.

  • Terms of 30 days to 5 years.
  • Interest is compounded at maturity or at least annually.
  • Minimum to open is $1,000.
  • Substantial penalty for early withdrawal.
  • Competitive Interest Rates.

EZ Access CD
Want to invest in a CD but need a little flexibility? This 1-year CD might be the product for you.
  • A new or existing First Alliance Bank checking account is required.
  • Interest is compounded and credited at maturity.
  • Minimum to open is $5,000, and maximum principal balance allowed is $99,999.
  • Minimum deposits of $1,000 or more may be added at any time.
  • Minimum withdrawals of $1,000 are allowed once per calendar month without penalty.
  • Substantial penalty will apply if balance drops below $1,000 or account closes prior to maturity.
  • Available for individuals only.
  • Competitive Interest Rates.

Individual Retirement Accounts
Enjoy peace of mind with a First Alliance Bank FDIC insured IRA. It's an easy and secure way to save for your future.
  • Choose from Regular, Roth or Education.
  • May be tax deductible or tax deferred.
  • Choose from a wide variety of fixed terms.
  • No annual fee.
  • Minimum to open is $1,000.
  • FDIC insured separately up to $250,000.
  • Substantial penalty for early withdrawal.
  • Competitive Interest Rates.

First Alliance Bank helps you save with different accounts that allow you to choose competitive interest rates for short or long periods of time.