Earn tax deferred interest and secure your future with an ECB IRA. We give you several options and a choice of interest rates to meet all your retirement needs. Consult your tax advisor to determine which IRA is right for you.
  • Individuals with earned income can contribute 100% of income up to $3,000 per tax year if under the age of 50
  • Individuals age 50 or older with earned income can contribute 100% of income up to $3,500 per tax year and if under the age of 70½ for the entire tax year
  • Married couples filing jointly with only one spouse receiving earned income may still contribute to each spouse's IRA up to the usual contribution limit noted above.
  • Contributions may be tax deductible
  • With the market rate variable interest option, you can open an account with just $5.00
  • Flexibility of term from 12 months to 30 months with a $500 fixed rate IRA
  • Rate guaranteed for the term of the fixed rate IRA
  • Interest compounded daily
  • FDIC insured up to $100,000, separately from other non-IRA deposits
  • Can rollover funds from a Qualified Plan such as a 401(k), profit/pension plan, etc.
  • Withdrawals can be made without penalty after the age of 59½, due to death, permanent disability, or medical expenses in excess of 7.5% of your adjusted gross income, to pay health insurance while you are unemployed, or to pay qualified education expenses, or to pay certain costs by "first time home buyer" for acquiring principal residence
  • Contributions can be made any time during the calendar tax year or no later than April 15th of the following year
  • Possible early withdrawal penalty


| Privacy Statement | Our Communities | Site Map |

The East Carolina Bank, 35080 US 264 / P.O. Box 337 ,
Engelhard, NC 27824
Phone: (252) 925-9411, Fax: (252) 925-8491
Email: ecbonline@ecbbancorp.com

ECB advises users to not send any confidential information
via email for their protection, as email is not secure.

Member FDIC


© Copyright 2000, The East Carolina Bank