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River Bank & Trust Review

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River Bank & Trust Savings
0.10% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Founded in 2006, River Bank & Trust has $823 million in assets and $701 million in deposits, making the institution a medium-size bank. River Bank & Trust, whose headquarters are in Prattville, Alabama, 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 apps. We gave River Bank & Trust a 3.5 stars out of 5, indicating that it is an acceptable bank choice, but may leave you wanting more. River Bank & Trust provides customers with the complete slate of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. River Bank & Trust has a fair savings rate; you can find higher rates with other banks. The bank's standard checking product carries a $8.00 monthly fee, making it a rather pricey bank for checking. Finding a checking account with no monthly fee and a savings account with a high interest rate at the same bank is your best bet for gaining the most income from your deposits while having 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 0.10%, River Bank & Trust ranks poorly compared to the national average. River Bank & Trust's one-year CD has a rate of 1.25% and the five-year CD earns at a rate of 2.50%, while its highest-yielding money market account earns at a rate of 0.55%. Given River Bank & Trust's poor savings rate, you should think about choosing another bank to earn more on your deposits.

How River Bank & Trust's Savings Rates Compare

River Bank & Trust Savings 0.10 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

River Bank & Trust has typically high fees in comparison to other U.S. banks. Its checking account has a monthly fee of $8.00, rating it fair for anyone looking for a simple account. River Bank & Trust does not reimburse out-of-network ATM fees, which means you will be required to search for a River Bank & Trust ATM or pay the ATM charge.

Monthly Fee $8.00 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee N/A National Average: $35.00
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Service Quality

SmartAsset Average: 3.7

River Bank & Trust is a brick-and-mortar bank, with 10 total bank locations in Alabama. With mobile and web apps, River Bank & Trust makes mobile banking straightforward, even on the go. River Bank & Trust gets fair reviews from users for its mobile app. With 15 ratings on Apple and Android platforms, the River Bank & Trust mobile app is scored at 3.5 out of 5 (compared to the national average of 3.8). River Bank & Trust's mobile app lets you control your accounts by reviewing current statements, transferring money as well as reaching support representatives. River Bank & Trust gets an exceptional consumer satisfaction score based on comparatively few consumer complaints brought to the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

Overall Mobile Rating 3.5/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

River Bank & Trust ranks as a medium-size bank with assets totaling $823 million as well as deposits totaling $701 million. River Bank & Trust's Texas Ratio is 4.62%, suggesting a low probability of failure. Additionally, River Bank & Trust is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

High Risk 75% 50% 20% 10% Low Risk

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.

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Compare River Bank & Trust to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.1% APY $100
Checking Account 0.05% APY $1
Certificates of Deposit
  • 12 Month: 1.25% APY
  • 24 Month: 1.45% APY
  • 36 Month: 1.55% APY
  • 48 Month: 1.65% APY
  • 60 Month: 2.50% APY
$1000 for all terms
Money Market Account 0.35% APY $1

River Bank & Trust offers several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. River Bank & Trust 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. River Bank & Trust's CD rates are fair compared to the national average.

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Find a River Bank & Trust Near Me

River Bank & Trust has 10 locations across the U.S.

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