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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

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.

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 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 Savings 0.35 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

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.

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. 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.

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 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

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 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.

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Find a Two Rivers Bank & Trust Near Me

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

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