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Individual Retirement Accounts

 

An IRA account you will be able to enjoy for your future endeavors.

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 advisers 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