Charlotte State Bank & Trust will never call you to ask you to verify or provide your full account number, username, password, debit card number, PIN or Social Security number. If you receive a call requesting this information, even if the caller ID looks like it is coming from the bank, immediately hang up, and call us at 888-624-5454.
Accumulate the nest egg you need for your golden years.
When it comes to your retirement, we don’t want you just to be ready. We want you to be exceptionally ready. That’s why we help you maximize your retirement savings through Individual Retirement Accounts (IRAs) and IRA Certificates of Deposit.
We offer three IRA Options:
You can defer taxes as you fund your retirement with a traditional IRA. All earnings of your traditional IRA remain tax-deferred until you make withdrawals, which are taxed as ordinary income during the tax year of their withdrawal. The deductibility of your contribution is based on IRS guidelines.
A Roth IRA is a non-deductible retirement account that features tax-free withdrawals for certain distribution reasons after five years. To qualify for a Roth IRA, you must have earned income (or your spouse must have earned income). You may contribute any amount up to 100 percent of your compensation or $6,000 (whichever is less) in 2019, as long as your Modified Adjusted Gross Income is within the limits established by the government. (There is an additional $1,000 allowed for those over 50.)
Our retirement specialists are ready to answer any questions you may have regarding Individual Retirement Accounts and how Charlotte State Bank & Trust can help you!
Meet the Team
Know who’s managing your Charlotte State Bank & Trust account.