Statement Savings
Welcome to Murphy-Wall State Bank and Trust Company, we offer a comprehensive range of savings accounts designed to meet your financial needs. Whether you’re looking to save for a specific goal, build an emergency fund, or earn a little extra interest on your money, we’ve got you covered. Statement savings accounts are a great option for those who want a simple, secure, and convenient place to store their money while earning interest. With a basic savings account, you’ll enjoy several benefits, including:
Summary
- Easy access to your funds: Our statement savings accounts provide you with nine free withdrawals per quarter. You can withdraw money from an ATM, make transfers online, or visit a branch to access your money when you need it.*
- Safety and security: Your savings are FDIC-insured, so you can feel confident that your money is protected.**
- Competitive interest rates: Our basic savings accounts offer competitive interest rates, so your money has the potential to grow over time. Plus, the longer you keep your money in the account, the more interest you’ll earn.
- Simple account management: You can manage your savings account online or through our mobile app, making it easy to check your balance, view your transactions, and more. You’ll have 24/7 access to your account information, so you can stay on top of your savings anytime, anywhere.
- Low balance requirements: Start saving today with as little as $50! A service charge may apply if the balance falls below $50.00.***
- Convenient deposit options: You can make deposits into your account in a variety of ways, including in-person, online transfers, and direct deposit.
- Link to other accounts: You can easily link your basic savings account to your other Murphy-Wall accounts, such as checking accounts, debit cards, and more, to simplify your financial life.
- Avoidable quarterly maintenance fees: Make nine or fewer withdrawals each quarter to avoid a withdrawal fee, so you can keep more of your money where it belongs – in your account.***
In addition to basic savings accounts, we offer a range of other savings options to help you reach your financial goals such as our Cent $aver program. The Cent $aver Savings Program rounds up your daily debit card purchases to the nearest dollar and deposits into your savings account! Whether you’re looking to save for a big purchase, build an emergency fund, or save for retirement, we’ve got you covered. Our team of knowledgeable and friendly representatives is here to help you choose the right savings account for your needs and answer any questions you may have.
If you’re ready to start saving for your future, consider opening a basic savings account with us. You’ll enjoy the peace of mind that comes with knowing your money is safe and secure, and you’ll have the tools you need to make the most of your savings. To get started, simply visit a branch, or apply online today.
At our bank, we understand the importance of savings and we’re committed to helping you reach your financial goals. Whether you’re just starting out or looking for a better way to save, we’re here to help. So why wait? Open a savings deposit account with us today and start making the most of your money!
Do More with Your Account
*ATM access to your savings account is subject to having a checking account as the primary account used for purchases and withdrawals linked to a VISA Debit Card. Savings Accounts may be linked to a VISA Debit Card as a secondary account that is only accessible for withdrawals and transfers made at an ATM. Enrollment in Digital Banking Services is necessary to complete transfer transactions online. Savings accounts are not eligible for payments to external accounts through the Bill Pay Services. Other requirements and limitations may apply.
**The standard FDIC Deposit Insurance amount is up to $250,000 per depositor, per FDIC-insured bank, per ownership category. To calculate your specific deposit insurance coverage, you can use the FDIC’s Electronic Deposit Insurance Estimator.
***Refer to the Account Rate and Fee Schedule for complete details.