IRA

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
  • There is a $50 fee to Close an IRA account.
  • There is a $50 fee to Transfer to another institution or investment firm.
  • Any subsequent deposit(s) made to this account must be a minimum of $50.00

All Traditional IRA rules regarding eligibility, contributions, and distributions apply to this account.



Roth IRAs

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
  • $10 semi-annual fee waived if balance stays above $250
  • Experienced advisors to assist you
  • FDIC insured
  • $250 deposit to open
  • There is a $50 fee to Close an IRA account.
  • There is a $50 fee to Transfer to another institution or investment firm.
  • Any subsequent deposit(s) made to this account must be a minimum of $50.00

All ROTH IRA rules regarding eligibility, contributions, and distributions apply to this account.