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Individual Retirement Account (IRA)

HomePersonalIRA Accounts

Having an IRA helps plan for a more secure retirement plus, take advantage of the tax savings. Whether your retirement is down the road or right around the corner, an Individual Retirement Account with Merchants and Farmers Bank can help you prepare for the future.

  • Types offered are Traditional IRA & Roth IRA.
  • Minimum Balance required to open $500.00
  • All IRAs are FDIC insured separately from your other funds at this bank and insured to the maximum allowed by law.
  • Interest accrues daily and paid in accordance with the terms of your IRA.
  • A summary is mailed annually showing fair market value and activity on the account.

Whether you want to take advantage of tax-deferred earnings and yearly tax deductions, want your earnings to grow tax free or set up an IRA to help pay for a student's education, we have a plan for you. Stop in to speak with a representative today!

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