IRAs: The tools you need to build a secure future.
Rushville State Bank offers many common individual retirement accounts (IRAs) to meet your savings goals, including:
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Traditional and ROTH IRAs
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Simplified Employee Pension (SEP) Accounts
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Beneficiary/Inherited IRAs
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Coverdell Education Savings Accounts (CESA)
IRA Overview
IRA accounts offer flexible options for retirement, pensions, or higher education.
- Accounts may be opened with a minimum of $100 deposit. Automatic transfers can be established from your other Rushville State Bank deposit accounts to provide a consistent retirement savings method.
- Investment terms available from 12 months to 60 months with a fixed rate of interest, typically higher than that earned on a regular savings account.
- Periodic interest payments are compounded to the account on a quarterly basis and are maintained on a tax-deferred basis until funds are removed from the account.
- Accounts are automatically renewable for customer convenience for comparable terms at current rates of interest.
- Full account disclosures are available upon request by contacting us at 217-322-3323 or in person at Rushville State Bank, 100 E. Lafayette St., Rushville, IL 62681.
Please contact your tax advisor for additional details concerning contribution and withdrawal tax consequences.