Retirement Services

At First Colebrook Bank, we offer a variety of retirement savings options with competitive interest rates. Your retirement savings grow safely, securely, and FDIC-insured.

Click here for our current rates and terms.

Please see Fee Schedule for further charges that may be applied to these accounts.


Traditional IRA

The Traditional IRA allows you to defer taxes on your earnings until they are withdrawn. Certain contributions are tax-deductible in the tax year for which they are made.


Roth IRA

The Roth IRA features tax-free withdrawals for certain distribution reasons after a five-year holding period. Since Roth IRA contributions are not tax-deductible, you may benefit more from the Roth IRA than a traditional IRA if you expect to be in a higher tax bracket when you retire.


What is a Simplified Employee Pension Plan?

A Simplified Employee Pension (SEP) plan is a retirement plan established by an employer. Each year, the employer can contribute a certain percentage of each eligible employee's compensation directly to the employee's traditional IRA.


How Do I Find Out More About These IRAs?

Simply see any of our IRA representatives. They'll explain the nature of these accounts in more detail and help you complete the simple forms necessary to establish your Traditional and/or Roth IRA, as well as a SEP plan.


Transferring An Existing IRA?

We make it easy... by handling all the paperwork to transfer your existing IRA from another financial institution to First Colebrook Bank.


For more information

Just stop by one of our offices. You can call or email us directly using the telephone numbers and email addresses below. If you prefer, call our toll-free number: