Retirement Accounts

Individual Retirement Account - Our Individual Retirement Account,( or I.R.A.) can be opened with as little as $100.00. You may add to this during the year to reach your maximum annual contribution. These funds are put into a Certificate of Deposit, and you choose the length of time that you want to invest your funds. Our I.R.A. Certificates of Deposit have the same term, rates, and penalties as do regular Certificates.

Spousal Individual Retirement Account - Begining on January 1, 1997, a non-working spouse may also make annual contributions. These accounts are handled in the same manner as a regular Individual Retirement Account.

Simplified Employee Pension Plan (SEP-IRA's) - This plan is offered to those who are self employed or who own a small business. This is a way for the employer to allow their employees (those who qualify) to save for their retirement.

Roth IRA Account - The new Roth IRA Account is similar to the IRA Account except the contributions are not tax deductible, but the distributions can be tax free.

Education IRA Account - The new Education IRA Account allows a parent or grandparent to contribute money for each child under the age of 18 for the child's secondary education.

IRA Rollovers - We can help you rollover any portion of funds from a Qualified Retirement Plan (such as a plan with your employer) or from an existing I.R.A. at another financial institution, to an I.R.A. at Anahuac National Bank. When making a rollover from one institution to another, it is very important to make the transfer between institutions so that you do not incur a tax liability.

^return to top

East Chambers County Banking Center
a branch of Anahuac National Bank
120 E. Broadway
P O Box 298
Winnie, Texas  77665
Ph. 409-296-2265   Fax  409-296-2275
www.eastccbank.net