Retirement Accounts

Business Retirement

Retirement Accounts

A retirement account is an excellent tool to grow your retirement savings. Depending on the account type you select, contributions are either tax deductible, tax-free or tax-deferred. You can also rollover or transfer an existing retirement account into your Santa Cruz County Bank retirement account.

For more information about retirement accounts, rates, and service charges, please visit any of our many convenient locations. To set up an appointment, please call 831.457.5000.

SEP IRA

SEP (Self Employed Pension) IRAs can be funded by the tax filing deadline, including extensions.

Simple IRA Employee Limits

Please consult your tax specialist for phase-out range.

Year Age 49 & Below Age 50 & Above
2024 $16,000 $19,500
2023 $15,500 $19,000

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