The Bank of Calhoun County Rates & Review

The Bank of Calhoun County Review

Established in 1898, the Bank of Calhoun County offers checking accounts, savings accounts, and loans from its branch locations in southwestern Illinois.

The bank is based in Hardin, Illinois, a few miles from the mighty Mississippi and 80 minutes from St. Louis, Missouri.

Checking account options

At the Bank of Calhoun County, clients choose between checking account options including Personal, Prestige Plus, Prestige 50 Plus, Commercial, NOW Checking, and a Super NOW account offering a higher interest rate with a $5,000 minimum balance. The bank offers a money market account with checking.

Savings account plans

Savings accounts at the Bank of Calhoun County include Personal and Christmas Club accounts along with Certificates of Deposit and IRAs. CD rates range from 60 months to 91 days. The bank's quarterly statement savings account has no monthly charge.

Other products and services

Loan products available include secured, unsecured, residential, agricultural and commercial loans. Among residential loans, the bank offers balloon and fixed-rate loans. Fixed-rate products are serviced by a secondary market company, Taylor, Bean & Whitaker.

Among services, the Bank of Calhoun County features a VeriSign Secured online bank for both personal and commercial clients. ATM cards are offered by the bank, and customers may use their ATM cards with no fee on any Shazam ATM. There is no charge for direct deposit or zipper night deposit bags.

Deposit insurance

The Bank of Calhoun County has been insured by the Federal Deposit Insurance Corporation since 1934.

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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