Certificates of Deposit

If you’re looking for an investment that offers you a highly competitive interest rate, consider a Murray State Bank Certificate of Deposit (CD) account. You can select the maturity that best matches your needs and you’ll have the peace of mind of FDIC Insurance. For your convenience, our CDs are automatically renewable, making reinvestment quick and easy. $1,000.00 minimum opening deposit required. View Rates

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Individual Retirement Account (IRA)

At Murray State Bank, we understand the importance of saving for your retirement. We offer both Traditional and Roth IRAs. Whether making a Contribution, Rollover, or Transfer, Murray State Bank offers a variety of investment terms and plans, including the IRA Savings Account, all of which are designed to meet your needs. View Rates

Consult your tax advisor.

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Traditional IRA

The traditional IRA became available to encourage people to save for retirement and to provide for beneficiaries upon death. If deferring taxes on part of your income is your tax strategy, a Traditional IRA may be for you. Traditional IRA distributions may be free from IRS imposed penalties after age 59 ½.

Consult your tax advisor.

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Roth IRA

With a Roth IRA, contributions are made with after-tax dollars. Earnings are free from taxes, and IRS penalties, if certain conditions are met.

Consult your tax advisor.

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IRA Transfers and Rollovers

Moving IRA money from one IRA to another has never been easier. Whether you are dealing with a Roth or Traditional IRA, you can move existing IRA money. Many people prefer to move retirement money as a transfer. See our IRA specialists for transfer forms. No part of this transaction is reported to the IRS. Rollovers may only be done once per year and the transaction must be completed within 60 days of the withdrawal from the first institution. A rollover is also used to move funds from your qualified pension plan to a Traditional IRA.

Consult your tax advisor.

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Trust Accounts

After your trust is created, bring the original Certification of Trust papers to Murray State Bank and we will be happy to transfer your assets into the trust. If you have made any changes to your existing trust, a copy of those changes should be brought to the bank so that we are able to follow your most recent instructions.

Consult your tax advisor.
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