Tap on the profile icon to edit
your financial details.
Advertiser Disclosure

R Bank Review

Your Details Done
by Updated
R Bank Savings
0.35% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


R Bank started in 2009 and is headquartered in Round Rock, Texas. It owns assets of $454 million as well as $401 million in deposits, ranking it as a medium-size bank. R Bank lacks premium access to customer service, with no options for live chat or all-day service. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. At a SmartAsset rating of 4.1 stars out of 5, R Bank should be solidly in contention for your choice of bank. R Bank provides customers with a diverse array of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. It has a fair savings rate; you can find higher rates with other banks. If you're looking for a checking account for everyday use, R Bank's ordinary checking account does not have a monthly fee. Locating a checking account with no monthly fee and a savings account with a high APY at the same bank is your best option for returning the most income on your deposits while having easy access to your funds.

How We Rated It

SmartAsset's Overall Rating

National Average: 4.1

The overall rating is a weighted average of rates, fees, service quality and financial health.Read more


SmartAsset Average: 3.5

R Bank has a savings rate of 0.35%, which is poor in comparison to the national average. Its one-year CD has a rate of 1.81%, while its highest-yielding money market account earns at a rate of 0.35%. Given its below average savings rate, you should think about looking at the competition to open savings accounts.

How R Bank's Savings Rates Compare

R Bank Savings 0.35 National Average 0.26 Compare Offers
Back to Overview


SmartAsset Average: 4.4

On average, R Bank charges customers extremely low fees in comparison to other U.S. banks. With no monthly fee, R Bank is ideal for those who want a simple banking experience. R Bank unfortunately doesn't refund out-of-network ATM fees, meaning you will have to search for an R Bank ATM or accept the cost of withdrawal.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee N/A National Average: $35.00
Back to Overview

Service Quality

SmartAsset Average: 3.7

R Bank is a brick-and-mortar bank, with eight total branches in Texas. It also offers access to mobile and web apps for an easy mobile-banking experience. R Bank's mobile app lets you manage your accounts by monitoring account balances, transferring money and accessing customer service. R Bank receives a superb consumer satisfaction score based on relatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Overall Mobile Rating NR
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
Back to Overview

Financial Health

SmartAsset Average: 4.8

R Bank is currently a medium-size bank with assets totaling $454 million and deposits totaling $401 million. It has an excellent Texas Ratio of 2.38%, denoting a low possibility of failure. Additionally, R Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

The Texas Ratio, a measure of a "bad assets" against available capital, can provide an early warning sign of bank failure. A low ratio indicates smaller chance of failure; a higher ratio suggests greater risk.

Back to Overview

Compare R Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.35% APY $200
Checking Account 0.1% APY $1000
Certificates of Deposit
  • 12 Month: 1.81% APY
  • 24 Month: 2.15% APY
  • 36 Month: 2.07% APY
$1000 for all terms
Money Market Account 0.25% APY $5000

R Bank offers several deposit products including savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. R Bank does not have the best savings rate, which means you should consider taking a look elsewhere for banks that deliver more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. R Bank's CD rates are fair compared to the average U.S. bank.

Back to Overview

Find a R Bank Near Me

R Bank has eight physical locations across the U.S.

Back to Overview
Save more with these rates that beat the National Average
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure