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 anually.
  • Minimum to open is $1,000.
  • Substantial penalty for early withdrawal.
  • Competitive Interest Rates.

EZ Access CD
Checking account customers of First Alliance Bank are eligible to invest in this flexible term Certificate of Deposit.
  • 1 year term.
  • Interest is compounded and credited at maturity.
  • Minimum to open is $5,000.
  • Additional deposits of $1,000 or more are accepted at any time.
  • Minimum withdrawals of $1,000 are allowed once per calendar month without penalty.
  • Maximum principal balance allowed is $99,999.99.
  • Substantial penalty if the CD closes or the balance drops below $1,000 at any time prior to maturity.
  • Available for individuals only.
  • Competitive Interest Rates.

Individual Retirement Accounts
Enjoy peace of mind with a First Alliance Bank FDIC insured Memphis 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.