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Two River Community Bank Review

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Two River Community Bank Savings
0.05% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Founded in 2000, Two River Community Bank has assets totaling $1 billion along with deposits totaling $864 million, making the institution a medium-size bank. Two River Community Bank, whose headquarters are in Middletown, New Jersey, 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. At a SmartAsset rating of 4.2 stars out of 5, Two River Community Bank should be solidly in contention for your choice of bank. Two River Community Bank provides customers with a complete suite of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate compared to the average savings account. If you're interested in stress-free personal checking, Two River Community Bank's most basic checking does not have a monthly charge. Banks that offer no-fee checking, in addition to a high savings APY are your best bet for accruing the highest income from your deposits alongside convenient access to your money.

How We Rated It

SmartAsset's Overall Rating

4.2/5
National Average: 4.1

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

Rates

2.9
SmartAsset Average: 3.5

Two River Community Bank has a savings rate of 0.05%, which is poor as compared against the national average. Its one-year CD earns at a rate of 0.30% and the five-year CD has a rate of 1.00%, while its highest-yielding money market account has an APY of 0.15%. Given its noncompetitive savings rate, you should consider other options to earn more on your deposits.

How Two River Community Bank's Savings Rates Compare

Two River Community Bank Savings 0.05 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

Two River Community Bank has typically extremely low fees as compared against the national average. With no monthly fee, Two River Community Bank is perfect for those who want a simple banking experience. For those who will need cash in a pinch, Two River Community Bank is ideal because it has no out-of-network ATM fees. Two River Community Bank does not refund out-of-network ATM fees, which means you will need to search for a Two River Community Bank ATM or eat the cost of withdrawal.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee $0 National Average: $1.20
Overdraft Fee N/A National Average: $35.00
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Service Quality

3.9
SmartAsset Average: 3.7

Two River Community Bank is a brick-and-mortar bank, with 15 total branches in New Jersey. It also offers access to mobile and web apps for a straightforward mobile-banking experience. Two River Community Bank gets average marks from customers for its mobile platform. Out of 8 ratings across both iOS and Android platforms, the Two River Community Bank mobile app has an overall rating of 3.9 out of 5 (compared to the national average of 3.8). You can access Two River Community Bank's app to manage your funds by looking at current statements, sending and receiving money as well as reaching support representatives. Two River Community Bank receives an outstanding consumer satisfaction rating based on comparatively few consumer complaints filed with the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

Overall Mobile Rating 3.9/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

5.0
SmartAsset Average: 4.8

Two River Community Bank is a medium-size bank and handles $1 billion in assets and deposits totaling $864 million. Two River Community Bank's Texas Ratio is 1.64%, indicating a negligible probability of failure. Additionally, Two River Community 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.

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Compare Two River Community Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.05% APY $1
Checking Account 0.05% APY $1
Certificates of Deposit
  • 12 Month: 0.30% APY
  • 24 Month: 0.50% APY
  • 36 Month: 0.70% APY
  • 48 Month: 0.80% APY
  • 60 Month: 1.00% APY
$500 for all terms
Money Market Account 0.15% APY $10000

Two River Community Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Two River Community Bank does not have the best savings rate, which means you should think about 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. Two River Community Bank's CD rates are fair in comparison to other U.S. banks.

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Find a Two River Community Bank Near Me

Two River Community Bank has 15 physical branches across the U.S.

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