Individual Retirement Accounts (IRAs)
Plan for the future and start setting aside funds for retirement with an IRA from Murphy-Wall State Bank. We offer Traditional and Roth IRAs, each with their own distinct advantages. Let us help you get started; we can customize a plan that fits your individual needs.
- Traditional IRAs
- Put aside funds for retirement
- Earn interest on your balance
- Interest compounded and credited quarterly
- Penalty for early withdrawal
- Account automatically renews every 18 months
- $5 fee every statement cycle
- Experienced advisors to assist you
- FDIC insured
- $250 deposit to open
- Roth IRAs
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This non-deductible account features tax-free withdrawals for certain distribution reasons after a five-year holding period. Earnings on the account are not taxable provided you take them as part of a qualified distribution.
- Earn tax-free interest on your balance
- Interest compounded and credited semi-annually
- Penalty for early withdrawal
- $10 semi-annual fee waived if balance stays above $250
- Experienced advisors to assist you
- FDIC insured
- $250 deposit to open
Take a look at our current rates.
