Personal Accounts

Business

Business Accounts:

Our community businesses are vital to our trade area, which is why we aim to keep your business account operating at a high level and give you one less thing to worry about.

Features:
Type of Account 1Minimum to Open Monthly Service Charge 2Earns Interest APR 3APY Limit on Withdrawals
Commercial Checking $50 *$3.00 Waived with e-statements signup Unlimited
Commercial Money Market Savings $50 *No Yes .25% .25%
Commercial Savings $50 No Yes .40% .40%

ALL OFFERING RATES SUBJECT TO CHANGE AT ANY TIME WITHOUT NOTICE.
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Investments

Investments:

Let us help you with one of our investment accounts that are set up to help prepare for the future and grow investments in a safe and steady environment.

Features:
Type of Account Minimum to Open No Monthly Service Charge Earns Interest No Limits on Withdrawals
Individual Retirement Account (IRA) $500
Certificate of Deposit (CD) $500

We offer a variety of terms from 6 months on up to 60 months for our IRA and CD accounts.

Type of CD Annual Percentage Rate (APR) Annual Percentage Yield (APY)
6 Month CD 0.50% 0.50%
12 Month CD 0.70% 0.70%
18 Month CD 0.75% 0.75%
*24 Month CD (ADD-ON) 0.80% 0.80%
30 Month CD (BUMP-UP 1 TIME) 0.85% 0.85%
36 Month CD 1.00% 1.00%
48 Month CD 1.10% 1.11%
60 Month CD 1.25% 1.26%

* Additional deposits to the 24 month (add-on) can't exceed the original deposit of the certificate.


Type of IRA Annual Percentage Rate (APR) Annual Percentage Yield (APY)
6 Month IRA 0.50% 0.50%
12 Month IRA 0.70% 0.70%
18 Month IRA* 0.75% 0.75%
24 Month IRA 0.80% 0.80%
30 Month IRA 0.85% 0.85%
36 Month IRA 1.00% 1.00%
48 Month IRA 1.10% 1.11%
60 Month IRA 1.25% 1.26%

* This is a variable rate IRA and the interest rate may change after the account opens.

ALL OFFERING RATES SUBJECT TO CHANGE AT ANY TIME WITHOUT NOTICE.
Interest compounded daily. Annual Percentage Yield assumes reinvestment of principal and interest at the same rate. All offering rates subject to change at any time without notice. Early withdrawal penalty may apply. Fees can reduce earnings on the account.


Products

Products and Services:

To meet you where your needs are, we offer a variety of products and services here at IFB. If you would like more information, please contact us directly.


Features:
Safety Deposit Boxes Mobile Deposit
Visa Credit Card Internet Banking
Kroll ID Theft Smart Online Bill Pay
Public Notary Electronic Statements
Fax and/or Copy Documents Mobile Banking App
Debit/ATM Card Wire Transfers
Coin Exchange Cashier's Checks/Money Orders

Downloadable Applications: