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


Founded in 2009, R Bank has assets totaling $454 million and $401 million in deposits, classifying it as a medium-size bank. R Bank, whose headquarters are in Round Rock, Texas, lacks premium access to customer service, with no live chat or all-day service options available. It is a traditional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile offerings. SmartAsset experts rated the bank 4.1 stars out of 5, indicating that R Bank is a respectable bank that warrants your consideration. R Bank offers a complete array of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. R Bank 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 bank with no-fee checking, in addition to a high savings APY is your best option for getting the most income from your deposits while maintaining easy access to your money.

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

With a savings rate of 0.35%, R Bank ranks poorly as compared against the national average. Its one-year CD earns at a rate of 1.21%, while its highest-yielding money market account earns at a rate of 0.35%. Given its poor savings rate, you should think about choosing another bank to earn more on your deposits.

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 as compared against the national average. With no monthly fee, R Bank's checking account is perfect for those who want a hassle-free checking account. R Bank unfortunately doesn't refund out-of-network ATM fees, meaning you will have to search for an R Bank ATM or pay 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. With mobile and web apps, R Bank makes account access easy, even on the go. R Bank's mobile app lets you manage your funds by checking monthly statements, transferring funds and accessing customer service. R Bank receives a superb consumer satisfaction score based on relatively few consumer complaints brought to the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

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 ranks as a medium-size bank with assets totaling $454 million as well as deposits totaling $401 million. R Bank's Texas Ratio is 2.38%, signifying that R Bank is in outstanding financial shape and far from 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: 1.21% APY
  • 24 Month: 1.87% APY
  • 36 Month: 2.02% APY
$1000 for all terms
Money Market Account 0.25% APY $5000

R Bank has several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. R Bank does not have the best savings rate, which means you should think about looking 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 other U.S. banks.

Back to Overview

Find a R Bank Near Me

R Bank has eight branches in 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