South Carolina Bank and Trust

It's never too early to start saving for retirement or your child's education. SCBT offers a variety of options to fit your financial goals.

 

 

 

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Traditional IRA

A Traditional IRA from SCBT allows you an opportunity to supplement your other retirement savings.

• Contributions may be tax-deductible⁹
• Withdrawals may begin at age 59 1/2 or earlier for college expenses or first-time home purchase¹⁰

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Roth IRA

A Roth IRA from SCBT affords you several benefits as you save for retirement.

• Contributions are not tax-deductible, but earnings are tax-deferred (and potentially without tax penalty)
• Funds may be withdrawn after five years for first-time home purchases without penalty

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Education IRA

This type of IRA allows for you to pay for board, tuition, supplies, equipment and other educational-related expenses while taking advantage of tax benefits.¹¹

• Withdrawals are tax- and penalty-free if used for board, tuition, and certain other expenses¹¹

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Rollover IRA

Contribute funds from a qualified pension plan, profit-sharing plan, or IRA from another institution.

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Investment Services

In addition to IRA's, SCBT provides access to a full array of brokerage and other financial services combined with highly personalized service to help you achieve your financial goals. 

 

 

⁹Consult your tax advisor concerning tax deductibility.
¹⁰Withdrawals may be subject to certain penalties.
¹¹Consult your tax advisor concerning eligible expenses.