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Checking & Savings Accounts
Rushville State Bank offers a variety of checking and savings deposit accounts to meet the needs of our community. Most accounts are eligible for access through our online and mobile products, allowing you to make Rushville State Bank your hometown bank even when Rushville or Schuyler County are not your current home. Whether you need an account with a low balance requirement and limited transaction activity, need access with a Rushville State Bank debit card, or want interest paid on your funds, we have an account that will meet your needs.
The information table shown below is for comparison purposes only. Full account disclosures are available upon request by contacting us at 217-322-3323 or in person at 100 E. Lafayette Street, Rushville, IL 62681.
| Accounts | Basic | Regular | N.O.W. Checking
The N.O.W. Checking product is available only to individuals, non-profit organizations, government organizations, and sole proprietorships in accordance with Regulation D.
|
Money Market | Statement Savings | Christmas Club |
| Opening Deposit | $100 | $100 | $1000 | $2500 | $100 | $5 |
| Minimum Balance
If the Balance in the respective account falls below the Minimum Balance shown during any day of an account statement cycle, the minimum balance charge shown will be imposed for that statement cycle. The Basic Checking Account charges a $2.50 service charge each statement cycle regardless of the minimum balance.
|
n/a | $500 | $1000 | $2500 | $100 | n/a |
| Minimum Balance Charge
The minimum balance charge on Regular Checking Accounts and Savings Accounts is waived on accounts held by full-time students, persons 22 years of age or younger, persons 65 years of age or older, and by religious and non-profit organizations.
per statement cycle |
$2.50 | $5 | $10 | $10 | $5 | n/a |
| Per Item Charge
per statement |
$0.25
After 12 debit/withdrawals per statement cycle
per item |
n/a | n/a | $10
After six third-party items paid per statement cycle
per item |
$1
After 6 debit/withdrawals per statement cycle
per item |
$n/a |
| Interest Bearing |
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iHelp Loans
Fund your degree, start your future
Through a partnership with the Community Bankers Association of Illinois and the Independent Community Bankers of America, Rushville State Bank provides a referral option for students and their families to finance the costs associated with higher education.
The iHELP student loan provides students and their families a way to cover the gap between the cost of education and other financial resources such as scholarships, grants, and federal student loans. The iHELP consolidation loan program gives college graduates a way to unify student loans into one potentially money saving account.
To learn more about this program or to obtain an application, click here.
The iHELP student loan provides students and their families a way to cover the gap between the cost of education and other financial resources such as scholarships, grants, and federal student loans. The iHELP consolidation loan program gives college graduates a way to unify student loans into one potentially money saving account.
To learn more about this program or to obtain an application, click here.
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Leasing Program
Alternative financing to suit all of your needs
- Improve cash flow
- Keep bank credit lines available
Learn more below
Our Partnership
Rushville State Bank believes in giving our customers lending options that are tailored to their specific operation.
Through a partnership with the Wisconsin Banker’s Bank, Rushville State Bank offers a leasing program as a financing alternative to our customers. Leasing allows you to enjoy the benefits of acquiring new or used equipment, buildings, cars or trucks without committing a large amount of cash as a down payment. We are able to offer a variety of flexible leasing programs, including operating and capital/finance leases that can be designed to fit your specific needs as a business owner or an individual.
Through a partnership with the Wisconsin Banker’s Bank, Rushville State Bank offers a leasing program as a financing alternative to our customers. Leasing allows you to enjoy the benefits of acquiring new or used equipment, buildings, cars or trucks without committing a large amount of cash as a down payment. We are able to offer a variety of flexible leasing programs, including operating and capital/finance leases that can be designed to fit your specific needs as a business owner or an individual.
Benefits of leasing over traditional bank financing
- Improves cash flow while conserving working capital (reducing your initial cash outlay)
- Leasing may offer tax advantages as an operating lease, resulting in a lower cost in after-tax dollars as compared to an outright purchase. Please consult with your tax advisor for additional details on tax consequences of leasing.
- Fixed payments during the full term of your lease to provide protection against rising interest rates.
- Ability to keep bank credit lines available for other credit needs that may arise.
Rushville State Bank offers a wide variety of lease financing options to assist you with your specific operation, regardless of the size. You will have the confidence of working with a locally-owned and managed financial institution. All settlement, processing, and servicing of the leasing arrangements are performed locally.
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Agriculture Lending
A helping hand from people who understand the business
- Farm Real Estate Loans
- Farm Operating Loans
- Equipment & Livestock Options
- FSA Guaranteed Loans
Rushville State Bank recognizes the importance of agriculture in our everyday lives. Many of our customers are involved in the field of agriculture in some way, whether directly or indirectly.
Rushville State Bank offers a wide variety of financing options to assist you with your specific operation, regardless of the size. As a locally-owned community bank, our loan decisions are made locally, by people who understand your needs.
Rushville State Bank offers a wide variety of financing options to assist you with your specific operation, regardless of the size. As a locally-owned community bank, our loan decisions are made locally, by people who understand your needs.
Farm Real Estate Loans
- Farmland, buildings and facilities
- Terms of five years
- Amortization periods of up to 25 years
- Flexible repayment terms
Equipment & Livestock Loans
- Terms of 5 years
- Amortization periods of up to 7 years
Operating Loans
- Operating expense loans available for all sizes and types of farming operations
- Fixed and variable interest rate loans available
Illinois Farm Development Authority
- Debt restructuring Program
- Beginning Farmer Program
FSA Guaranteed Loans
- Loans available for operating, equipment, real estate and livestock