All deposit accounts are FDIC insured. See a customer service representative for details.
The FDIC made the increase in deposit insurance to $250,000 from $100,000 a permanent change in 2010. The standard deposit insurance amount is $250,000 per depositor, per insured bank, for each account ownership category. The FDIC provides separate insurance coverage for funds depositors may have in different categories of legal ownership. The FDIC refers to these different categories as "ownership categories." This means that a bank customer who has multiple deposits may qualify for more than $250,000 in insurance coverage if the customer's accounts are deposited in different ownership categories and the requirements for each ownership category are met.
FDIC insurance covers all deposit accounts, including checking and savings accounts, money market deposit accounts and certificates of deposit. FDIC insurance does not cover other financial products and services that banks may offer, such as stocks, bonds, mutual fund shares, life insurance policies, annuities or securities.
All funds in a "non interest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules.
The term "non interest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money-market deposit accounts.
For more information from the FDIC, call toll free at 1-877-ASK-FDIC (1-877-275-3342) or visit their website at www.fdic.gov. Hearing impaired line is 1-800-925-4618.
RUSHVILLE STATE BANK
P.O. Box 50
Corner of Liberty and Lafayette
Rushvillle, IL 62681-0050
217-322-3323
ATMs at main facility and at
553 W. Clinton on IL Route 24, Rushville and at
County Market on 520 W. Clinton St., Rushville