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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

Started in 2000, Two River Community Bank has $1 billion in assets as well as deposits totaling $864 million, ranking the institution as a medium-size bank. Two River Community Bank, whose headquarters are in Middletown, New Jersey, 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 access to service representatives at a physical location, in addition to its online and mobile offerings. Overall, Two River Community Bank is a solid contender in your bank search, with a rating of 4.2 out of 5 stars from our team. Two River Community Bank has a full selection of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. Two River Community Bank has a fair savings rate; you can find higher rates with other banks. If you're interested in stress-free personal checking, Two River Community Bank's standard checking account does not have a monthly fee. Finding a checking account with no monthly fee, in addition to a savings account with a high interest rate at the same institution is the best bet for returning the most income from your deposits while maintaining easy access to your funds.

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

With a savings rate of 0.05%, Two River Community Bank ranks poorly compared to the national average. Its one-year and five-year term lengths CDs earn at a rate of 0.30% and 1.00%, respectively, while its highest-yielding money market account earns at an APY of 0.15%. Given its poor 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 charges its customers extremely low fees compared to the average U.S. bank. Its checking account has no monthly fee, ranking it excellent for anyone looking for a hassle-free account. For those who will need cash in a pinch, it is perfect because it charges no out-of-network ATM fees. Two River Community Bank doesn't reimburse out-of-network ATM charges, which means you'll have to find a Two River Community Bank ATM or eat the ATM charge.

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 bank locations in New Jersey. It also offers access to mobile and web apps for straightforward access and banking on the go. Two River Community Bank's online and mobile banking platforms get fair feedback from users. With 8 ratings on Apple 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). Two River Community Bank's mobile app lets you control your bank accounts by checking current statements, sending and receiving money and reaching support representatives. Two River Community Bank receives an outstanding consumer satisfaction rating based on relatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government 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 ranks as a medium-size bank with $1 billion in assets and $864 million in deposits. Its Texas Ratio is 1.64%, indicating that the bank is in outstanding financial health and improbable to fail. 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 Accounts 0.15% APY 0.15% APY $10000 $15000

Two River Community Bank offers several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Two River Community 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. Two River Community Bank's CD rates are fair compared to other U.S. banks.

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Find a Two River Community Bank Near Me

Two River Community Bank has 15 physical locations in the U.S.

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