Ravenswood Bank is focused on finding creative financial solutions for small business owners and investors that want to grow their businesses, improve their bottom line and increase their net worth. We understand that your business is your life, your income and your family's source of wealth. Ravenswood is building beyond business by applying its proven financial strategies to the needs of the individual and the family. We can help you to leverage your existing resources to set you and your family on the path of financial freedom. Contact a banker today to make your dreams come true!
Changes in FDIC Deposit Insurance Coverage
May 20, 2009. Deposits at FDIC-insured institutions are now insured up to at least $250,000 per depositor through December 31, 2013. On January 1, 2014, the standard insurance amount will return to $100,000 per depositor for all account categories except for IRAs and other certain retirement accounts which will remain at $250,000 per depositor. (This supersedes the October 3, 2008 changes.)
The extension announced on May 20, 2009, does not apply to the Transaction Account Guarantee Program. The unlimited coverage under the Transaction Account Guarantee Program is only in effect for depositors at participating institutions through December 31, 2009.
October 14, 2008. FDIC announced its temporary Transaction Account Guarantee Program, which provides full coverage for non-interest bearing transaction deposit accounts at FDIC-insured institutions that agree to participate in the program. The transaction account guarantee applies to all personal and business checking deposit accounts that do not earn interest at participating institutions. This unlimited insurance coverage is temporary and will remain in effect for participating institutions through December 31, 2009.
On Site Banking, our new Remote Deposit Capture solution.
Click here for more On Site Banking information.
Certificate of Deposit Spring Specials
24 Month 2.15%APY and 36 Month 2.40%APY. $10,000. Minimum, Rates Subject to Change Without Notice. Contact your Personal Banker for current information.
Surcharge Free ATM
Take advantage of the convenience and savings that our participation in the STARsf® surcharge-free service brings. You will have access to Allpoint®, America's largest surcharge-free network, with more than 32,000 ATMs in national and regional retailers across the country, including: Costco, ExxonMobil, Sears & Target where the STARsf® logo is present.
APY^
Liberty Checking
0.50%
Money Market I
0.26%
Money Market II
0.76%
Money Market III
1.02%
^ Annual Percentage Yield (APY) accurate as of Jun 01, 2009.