RCSBank Rates & Review

RCSBank review

RCSBank is a family-owned bank headquartered in New London, Missouri. It offers a diverse range of personal banking products as well as a limited range of business banking products.

RCSBank opened in 1944. In 1958 the Behrens family acquired the bank. Members of this family continue to serve in key positions. This FDIC member bank is headquartered in New London, Missouri. It opened a second location in Center, Missouri in 1972 and a third location in Hannibal, Missouri in 2005.

Checking account types

The feature checking account at RCSBank is a rewards checking account called e-Global checking. It opens with $50. Customers must complete eight monthly check card transactions, do one direct deposit or ACH auto debit and receive electronic statements in order to receive rewards. Rewards include high interest, returned ATM charges up to $25 per month and free bill pay. Other options are a regular checking account, an interest earning NOW checking account or a bonus checking account that provides perks such as travel discounts and free bank services.

Savings account choices

The traditional savings account at this bank opens with $100 (or $25 for those under 21). Other RCSBank savings account types include high interest CD accounts with varying terms, tiered rate money market accounts, health savings accounts, IRAs, educational savings accounts, Christmas Club savings accounts and savings bonds.

Account services

Personal banking customers can choose debit cards or credit cards from this bank. They can apply for personal loans as well as fixed rate and variable rate real estate loans. They can apply for life insurance, long term care insurance and payment protection insurance for RCSBank loans. They can enjoy full service online banking although all accounts must be opened in person.

Business banking

The business banking options at this bank are limited. However, this bank does offer two different business checking account types as well as commercial and agricultural loans.

Deposit insurance

RCSBank has been insured by the Federal Deposit Insurance Corporation since the bank's opening in 1944.

In July 2010, FDIC coverage for eligible deposits was permanently increased from $100,000 to $250,000 per depositor. Joint accounts are insured by FDIC up to at least $250,000 per account holder.

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