Savings, CD, IRA & HSA

Saving is smart. We make it easier, too.

Everyday life sure can be expensive. That's why we applaud efforts to set aside money for holiday costs, medical bills, retirement years, future purchases, and family-pleasing splurges. In fact, we offer more than encouragement - we also offer a range of savings options that reward you with interest payments and other helpful features.

Statement Savings

Want to start small and keep it simple? That's fine with us. Start building a brighter tomorrow with an account that pays competitive interest and offers fast access to your cash.

E-Savings

Comfortable with technology and eager to step up your earnings? This is the place. Our E-Savings account features higher interest returns and easy online access to your money.

Certificate of Deposit

Let time work for you. With CDs, you can choose a savings period that fits your life plans. And when those months or years pass by, you'll have a good deal more money than you started with.

Individual Retirement Accounts

The next chapter of your life can be the best one yet. Put yourself in prime position to make the most of it by starting to save early and taking advantage of the tax benefits that come with TMB IRAs.

Education IRA

Everyone knows about the rising cost of education. A tax-advantaged savings plan is a good way to ensure students in your family get the academic opportunities they deserve.

Health Savings Account (HSA)

Medical bills can be real budget-busters, especially when a serious injury or illness is involved. An HSA lets families set aside money for future costs and earn interest on the deposits.

TMB Kids and Kash

Young people are curious about a lot of things - and money is one of them. Our youth savings program is a fun way to begin teaching them important lessons about financial responsibility.

Christmas Club

All the presents! All the good food! All the family travel! Holidays are so much fun, but they do come with a financial cost. The good news is we've set up a year-round way to save for December's delights.

The Murray Bank is a full-service financial institution with convenient locations for customers in Calloway County.

Large group of people around the ice cream truck

Invite the TMB Ice Cream Machine to your next event!

It's a real treat to serve our great community. The TMB Ice Cream Machine is available for community events – giving out free ice cream!

Learn More or Submit Request

Statement Savings

No service charges on active accounts
Interest paid quarterly
Six withdrawals per month ($1 fee per additional withdrawals)
$50 minimum to opening deposit

E-Savings

Six withdrawals per month ($1 fee per additional withdrawals)
Funds can easily be transferred to other accounts via Online, Mobile, or Telephone Banking
Free E-Statements
$5 fee for each bank personnel assisted withdrawal
$50 minimum opening deposit
Tiered interest rates with standard rate paid on balances under $10,000 and premium rates over that amount

Certificate of Deposit

$1,000 minimum opening deposit
Choose savings periods ranging from 3 to 60 months
Earn more than you would with most traditional savings account
In general, longer term CDs feature higher rates
Early withdrawal may result in interest penalties*

*Early withdrawal penalties are assessed. The amount of the penalty is based on the maturity date of the deposit.

Individual Retirement Accounts

Education IRA

Contribute up to $2,000 per student per year
Funds can be used for college costs and private elementary and secondary education
Annual interest earnings and withdrawals for qualified expenses are tax-free
Qualified expenses include tuition, room and board, fees, and equipment such as computers

Health Savings Account (HSA)

Designed for individuals and families with high-deductible health plans
Minimum opening deposit of $50
Funds can be used for a wide range of medical, hospital, dental, vision and mental health care
Individuals can deposit up to $3,650 annually in their HSAs; the limit for families is $7,300
HSA contributions are pre-tax, earnings are tax-deferred and withdrawals are tax-free*

* Annual Contribution limits apply per IRS

TMB Kids and Kash

Designed for kids age 12 and under
Kids earn stamps for deposits of $25, volunteering in community activities, and presenting report cards with all A's and B's
Once they collect five stamps, they can turn them in for prizes like gift cards or movie tickets

Select an amount to be transferred from your checking account each month
Earn interest on your savings
At the end of October, you'll receive all the cash in your account
No other withdrawals are permitted