Established in 2005, Two Rivers Bank & Trust has assets totaling $834 million and deposits totaling $700 million, making the institution a medium-size bank. Two Rivers Bank & Trust, whose headquarters are in Burlington, Iowa, has above-average access to customer service with a live chat feature, great for getting help during the work week. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. With a commendable 4.3 out of 5 stars, Two Rivers Bank & Trust is a solid pick to be your bank. Two Rivers Bank & Trust has a full suite of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, brokerage accounts, mortgage products and credit cards. Two Rivers Bank & Trust has a fair savings rate compared to the average savings account. If you're interested in stress-free personal checking, Two Rivers Bank & Trust's standard checking account does not have a monthly fee. Banks that offer no-fee checking, in addition to a high interest rate savings account are your best option for gaining the highest income on your deposits while having easy access to your funds.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
With a savings rate of 0.35%, Two Rivers Bank & Trust ranks poorly compared to other U.S. banks. Its CDs feature a rate of 0.48% and 1.31% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account has a rate of 0.60%. Given Two Rivers Bank & Trust's noncompetitive savings rate, you should think about looking elsewhere to open savings accounts.
How Two Rivers Bank & Trust's Savings Rates Compare
Two Rivers Bank & Trust has typically extremely low fees as compared against the national average. Two Rivers Bank & Trust's checking account has no monthly fee, rating it excellent for anyone looking for a hassle-free account. Two Rivers Bank & Trust does not reimburse out-of-network ATM charges, meaning you will have to search for a Two Rivers Bank & Trust ATM or eat the cost of withdrawal.
Two Rivers Bank & Trust is a brick-and-mortar bank, with 12 total branches in Iowa. It also offers access to mobile and web apps for easy access and banking on the go. It does not have all-day customer service with representatives. You can get help during its customer service 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. Two Rivers Bank & Trust also offers a live chat feature, key for getting quick access to customer service. Two Rivers Bank & Trust receives average reviews from users for its mobile app. The Two Rivers Bank & Trust mobile app has been given a 3.6 out of 5 (with 22 ratings on Apple and Android) compared to the national average of 3.8. Two Rivers Bank & Trust's mobile app allows you to control your accounts by checking current statements, transferring funds as well as accessing support representatives. Two Rivers Bank & Trust receives a superb consumer satisfaction score due to comparatively few consumer complaints filed with the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.
Two Rivers Bank & Trust is a medium-size bank owning $834 million in assets and $700 million in deposits. Two Rivers Bank & Trust's Texas Ratio is 7.65%, signifying a tiny chance of failure. 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
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 Two Rivers Bank & Trust to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.35% APY||$1|
|Checking Account||0.25% APY||$1|
|Certificates of Deposit|| ||$1000 for all terms|
|Money Market Accounts||0.6% APY 0.6% APY||$10000 $15000|
Two Rivers Bank & Trust has several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Two Rivers Bank & Trust 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 Rivers Bank & Trust's CD rates are fair as compared against the national average.Back to Overview
Find a Two Rivers Bank & Trust Near Me
Two Rivers Bank & Trust has 12 physical locations in the U.S.Back to Overview