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Two Rivers Bank & Trust Review

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Two Rivers Bank & Trust Savings
0.35% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Two Rivers Bank & Trust started in 2005 with headquarters in Burlington, Iowa. It manages assets of $834 million and $700 million in deposits, ranking it as a medium-size bank. Two Rivers Bank & Trust has above-average customer service access with a live chat feature, great for getting help during the work week. 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. With a score of 4.3 out of 5 stars, Two Rivers Bank & Trust should be solidly in contention for your choice of bank. Two Rivers Bank & Trust provides customers with the full slate of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, brokerage accounts, 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, the bank's most basic checking does not have a monthly maintenance charge. Obtaining a checking account with no monthly fee and a savings account with a high APY at the same institution is the best bet for returning the most income from your deposits while having easy access to your money.

How We Rated It

SmartAsset's Overall Rating

4.3/5
National Average: 4.1

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

Rates

3.5
SmartAsset Average: 3.5

With a savings rate of 0.35%, Two Rivers Bank & Trust ranks poorly in comparison to the national average. Two Rivers Bank & Trust's one-year CD has a rate of 0.48% and the five-year CD has a rate of 1.31%, while its highest-yielding money market account has a rate of 0.60%. Given its poor savings rate, you should consider opting for higher earning savings accounts with other banks.

How Two Rivers Bank & Trust's Savings Rates Compare

Two Rivers Bank & Trust Savings 0.35 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

Two Rivers Bank & Trust charges its customers extremely low fees in comparison to the national average. Its checking account has no monthly fee, ranking it excellent for anyone looking for a hassle-free account. Two Rivers Bank & Trust unfortunately doesn't refund out-of-network ATM fees, meaning you'll have to search for a Two Rivers Bank & Trust ATM or eat the fee.

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
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Service Quality

4.0
SmartAsset Average: 3.7

Two Rivers Bank & Trust is a brick-and-mortar bank, with 12 total branches in Iowa. With mobile and web apps, Two Rivers Bank & Trust makes account access convenient, even on the go. It does not have all-day customer service with representatives. You can get help during its hours, which are Monday through Friday, 8:00 a.m. to 5:00 p.m. CT; Saturday, and 8:30 a.m. to 12:00 p.m. CT. Additionally, Two Rivers Bank & Trust customers can access live chat for customer service questions, which may provide helpful service without getting on the phone. Two Rivers Bank & Trust receives moderate reviews from users for its mobile platform. The Two Rivers Bank & Trust mobile app has an overall rating of 3.6 out of 5 (out of 22 ratings on Apple and Android) compared to the national average of 3.8. Two Rivers Bank & Trust's mobile app lets you control your bank accounts by looking at current statements, sending and receiving funds as well as accessing support representatives. Two Rivers Bank & Trust gets an exceptional consumer satisfaction score based on comparatively few complaints filed with the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

Overall Mobile Rating 3.6/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat Yes
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Financial Health

4.7
SmartAsset Average: 4.8

Two Rivers Bank & Trust is a medium-size bank and manages assets totaling $834 million and $700 million in deposits. It has a strong Texas Ratio of 7.65%, suggesting that Two Rivers Bank & Trust is in fine financial condition and improbable to fail. Additionally, Two Rivers 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

7.65%
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 Two Rivers Bank & Trust to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.35% APY $1
Checking Account 0.25% APY $1
Certificates of Deposit
  • 12 Month: 0.48% APY
  • 24 Month: 0.70% APY
  • 36 Month: 0.90% APY
  • 48 Month: 1.16% APY
  • 60 Month: 1.31% APY
$1000 for all terms
Money Market Account 0.6% APY $1

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

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Find a Two Rivers Bank & Trust Near Me

Two Rivers Bank & Trust has 12 locations across the U.S.

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