Loading
Tap on the profile icon to edit
your financial details.

Riverview Bank Review

Your Details Done
by Updated
We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure
Riverview Bank Savings
0.05% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Riverview Bank first started operating in 1904 with headquarters in Marysville, Pennsylvania. It handles $1 billion in assets and $1 billion in deposits, making it a medium-size bank. Riverview Bank lacks premium access to support representatives, 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 offerings. With an average 3.9 out of 5 stars, Riverview Bank is a good bank that gets the job done. Riverview Bank offers a varied choice of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate; other popular banks have higher rates. If you're interested in stress-free personal checking, Riverview Bank's ordinary checking account does not have a monthly fee. Institutions that offer free checking, in addition to a high interest rate savings account are the best option for returning the highest income on your deposits alongside easy access to your money.

How We Rated It

SmartAsset's Overall Rating

3.9/5
National Average: 4.1

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

Rates

3.2
SmartAsset Average: 3.5

Riverview Bank has a savings rate of 0.05%, which is fair in comparison to the national average. Its one-year CD has a rate of 0.85% and the five-year CD has a rate of 2.00%, while its highest-yielding money market account has a rate of 0.20%. Given its below average savings rate, you should think about opting for higher earning savings accounts with other banks.

How Riverview Bank's Savings Rates Compare

Riverview Bank Savings 0.05 National Average 0.26 Compare Offers
Back to Overview

Fees

3.6
SmartAsset Average: 4.4

Riverview Bank generally has above-average fees compared to the average U.S. bank. With no monthly fee, Riverview Bank's checking account is perfect for people who want an easy checking account. For those who will need cash in a pinch, it is not great because it charges an out-of-network ATM fee of $3.00, which is not great as compared against the national average. Also, it has an overdraft fee of $40.00, which is significantly higher than the average overdraft fee charged by U.S. banks. Riverview Bank doesn't refund out-of-network ATM charges, meaning you'll be required to find a Riverview Bank ATM or accept the ATM charge.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee $3.00 National Average: $1.20
Overdraft Fee $40.00 National Average: $35.00
Back to Overview

Service Quality

3.8
SmartAsset Average: 3.7

Riverview Bank is a brick-and-mortar bank, with 33 total branches in Pennsylvania. It also offers access to mobile and web apps for easy access and banking on the go. Riverview Bank's online and mobile banking services get fair marks from customers. Out of 3 ratings across both Apple and Android platforms, the Riverview Bank mobile app has an overall rating of 3.7 out of 5 (compared to the national average of 3.8). You can access Riverview Bank's app to control your bank accounts by monitoring account balances, sending and receiving money and reaching support representatives. Riverview Bank gets a superb consumer satisfaction score due to relatively few complaints reported to the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

Overall Mobile Rating 3.7/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
Back to Overview

Financial Health

4.9
SmartAsset Average: 4.8

Riverview Bank is a medium-size bank owning assets totaling $1 billion and deposits totaling $1 billion. Its Texas Ratio is 2.09%, signifying a low possibility of failure. Additionally, Riverview 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 Riverview Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.05% APY $25
Checking Account 0.05% APY $500
Certificates of Deposit
  • 12 Month: 0.85% APY
  • 24 Month: 1.15% APY
  • 36 Month: 1.50% APY
  • 48 Month: 1.75% APY
  • 60 Month: 2.00% APY
$500 for all terms
Money Market Accounts 0.15% APY 0.2% APY $10000 $15000

Riverview Bank has several deposit products like savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Riverview Bank does not have the best savings rate, which means you should consider other options 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. Riverview Bank's CD rates are fair in comparison to the national average.

Back to Overview

Find a Riverview Bank Near Me

Riverview Bank has 33 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