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.
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 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 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.
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.
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
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 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.Back to Overview
Find a Two Rivers Bank & Trust Near Me
Two Rivers Bank & Trust has 12 locations across the U.S.Back to Overview