Online Banking

Deposit Products Available

Regular Checking Account

Qualifications:

    • be at least 16 years of age
    • if under age 18, have a parent/guardian as co-owner of the account

 Minimum Balance to open:

    • $50.00

Service Charge:

    • A service charge of $2.50 will be imposed every statement cycle if the average daily balance for the cycle falls below $500.00.
    • Note:  This charge will not apply to full-time students, customers who maintain a $2,000.00 balance in a related savings account, or customers age 62 or older, if we have been so notified.

 Fees:

    • A per item service charge fee of $0.25 will be charged for each check transaction if the average balance falls below $500.00 during the monthly statement cycle.
    • Note:  This charge will not apply to full-time students, customers who maintain a $2,000.00 balance in a related savings account, or customers age 62 or older, if we have been so notified.

Now Account

Minimum Balance to open:

    • $1,500.00

 Rate Information:

    • A NOW account is an interest bearing account compounding monthly.  At our discretion, the interest rate may change.  Please call for current rate information.
    • You must maintain a balance of $1,500.00 in the account each day to obtain the disclosed annual percentage yield.

 Fees:

    • A service charge of $5.00 will be imposed every statement cycle if the balance in the account falls below $1,500.00 any day of the cycle.  A monthly statement is provided.

ROMMA (Money Market Account)

Minimum Balance to open:

    • $2,500.00

Rate Information:

    • A ROMMA account is an interest bearing account compounding monthly.  At our discretion, the interest rate may change.  Please call for current rate information.
    • You must maintain a minimum balance of $2,500.00 in the account each day to obtain the disclosed annual percentage yield.

 Fees:

    • A service charge of $5.00 will be imposed every statement cycle if the balance in the account falls below $2,500.00 any day of the cycle.  A monthly statement is provided.

 Transaction limitations:

    • Transfers from a ROMMA to another account or to third parties by preautorized, automatic or telephone transfers are limited to six per statement cycle with no more than three by check, draft, or similar order to third parties.  The minimum amount for which you can issue a check is $250.00.

Statement Savings Account

Minimum Balance to open:

    • $50.00

 Rate Information:

    • Your interest rate and annual percentage yield may change.  Interest is compounded daily and credited to your account every six months.  Please call to obtain current interest information.

 Fees:

    • A service charge of $5.00 will be imposed every month if the balance in the account falls below $50.00 any day of the month.
    • A per item service charge of $1.00 will be charged for each withdrawal in excess of two during a month.

 Transaction limitations:

    • Transfers from a statement savings account to another account or to third parties by pre-authorized, automatic, or telephone transfer are limited to six per month with no transfers by check, draft, debit card, or similar order to third parties.

Christmas Club Account

Minimum Balance to open:

    • none

Rate Information:

    • your interest rate and annual percentage yield may change.  Interest is compounded daily and credited to your account in October.  Please call to obtain current interest information.

 Transaction Limitations:

    • This is a club account which opens approximately November 1.  A check will be forwarded the end of October the following year for the balance plus accrued interest.
    • Withdrawals are not permitted.

Certificate of Deposit

Minimum Balance to open:

    • 3 months     $2,500.00
    • 6 months     $2,500.00
    • 12 months   $1,000.00
    • 18 months   $1,000.00
    • 30 months   $1,000.00

 Rate Information:

    • The interest rates vary by term and may change at any time.  Please call to obtain current interest information.

 Transaction Limitations:

    • A 90 day interest penalty may be charged for early withdrawal.
    • You may not make any deposits into your account before maturity.

Traditional IRA/ROTH IRA

Minimum Balance to open:

    • None

 Rate Information:

    • The rates may change at any time.  Please contact us for the current rate information.  Your rate at purchase is guaranteed for the 18 month term with interest compounding semiannually.

 Transactions Limitations:

    • These are retirement accounts which are governed by the Internal Revenue Service.  Please call today for more information.

Business Checking Account

Service Charge:

    • Accounts are charged $7.50 per month plus $0.25 per check in excess of 50 checks posted and receive $0.10 credit per every $100.00 average balance.

 Change Orders:

    • We ask that large orders be phoned in, but there is no charge for business change orders.

 Statements:

    • A monthly statement and check images are provided at the end of the month for business accounts.

Visa Debit Card

Requirements:

    • Must have a checking account

 Fees:

    • When using our ATM located at Route 29 and State Street, Rochester, IL (corner of Subway’s parking lot) there are no transaction fees for RSB debit cardholders.
    • If you use an ATM that is not operated by us, you may be charged a fee by the operator of the machine and /or by an automated transfer network.  We do belong to the Alphalink Alliance partnership of banks that do not surcharge other member bank’s customers.  Click http://www.alphalinkalliance.com to find ATMs that also belong to this alliance.
    • When using other ATMs, the following fees apply:

Cash withdrawl checking/savings                                 $ 1.00

Transfer checking/savings or savings/checking         $ 0.50

Inquiries to checking/savings                                        $ 0.50

 Useage:

    • Using this same card, you may access your checking account:

To purchase goods (in person or by phone)

Pay for services (in person or by phone)

Get cash from a merchant, if the merchant permits or from participating financial institutions

    • Use wherever Visa Debit cards are accepted.

PhoneBank 24

Requirements:

    • Must complete enrollment application

 Fees:

    • No additional Cost or Fee
    • Eliminates the $2.00 over the telephone transfer fee
    • Access toll free at 1-877-472-9290

 Usage:

    • Electronically receive your bank account information through a touch tone phone including balance, last six withdrawals or last six deposits.
    • Available 24 hours a day 7 days a week from any touch tone phone.
    • If elected, may perform transfers between your Rochester State Bank deposit accounts including checking to savings, checking to checking, or savings to savings.