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Overview / Commentary
327 North 17th Avenue
Wausau, WI 54401, a division of River Valley Bank, is an internet only bank. The main offering is a high-yield checking account that can be opened online from any state. An online certificate of deposit was offered for a couple of months.

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Incredible Bank's 4-Year Anniversary - Comparing Its Rate History - 11/13/2013

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Incredible Bank Now Offers a Health Savings Account - 9/25/2013

Incredible Bank has started offering Health Savings Accounts (HSA), and the rates are competitive. HSAs often have rates higher than regular savings account rates. Yearly contributions into HSAs are l ...

Incrediblebank - An Incredible SCAM!

I was hoping to get a decent interest on my $5000 deposit, i.e. somethng like 1.16% per year. Wow! IncredibleBank gave me $4.77 interest and applied $15 per month fee for the paper statement that I received in the mail but never requested. Every month that I had my money at the IncredibleScamBank, I lost part of it. Of course, that $15 fee was probably mentioned somewhere in their fine print. Of course, they a legit to do that scam and I am supposed to be smart enough not to deposit my money with this "incredible" offer. I then wanted to get my remaing money out of the inccredible hole as soon as possible... Not so easy! Still working on it. Do yourself a favor and don't waste your time and money on this too incredible bank.

On-Line Setup

Had a great experience setting up online CD.  One glitch when doing fund verification process, but all else went smoothly.  Recommend speaking with Bhawika Bhakta who is responsible for the online banking if any issues.  The bank was very responsive and speedy in the account setup process compared to other banks.

I've Tried To Open An Account 3 Times

I've tried to open an account 3 times.  Major headache with the online application.  Get to the funding page and it won't go forward.  Also impossible to cancel out of adding a beneficiary.  Called them and they say they have problems, not sure why.  Tried in both Mozilla and IE.  Doesn't look like it is possible for me to open an account.. very strange indeed... good luck.. R

Great Customer Service

I have been reading some of the reviewers who are unhappy with Incredible Bank...don't understand so many poor reviews i.e not being able to transfer more than $10,000- at a time, (there isn't a bank that allows this without some type of penalty), poor customer service (don't know who these people dealing with but I have never had a poor customer service person to deal with), and lowering rates (well try getting a better rate somewhere else and you will find even lower rates). As you can see by my review I am a very happy customer and would give 4 stars except I have had a few problems with the interbank transfer process...not that big of a deal if I plan ahead...but couldn't give 5 stars:-(



Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Incredible Bank had $19.42 million in non-current loans and owned real-estate with $116.85 million in equity and loan loss allowances on hand to cover it. This gives Incredible Bank a Texas Ratio of 16.62% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Incredible Bank experienced no significant changes from 14.07% as of March 31, 2013 to 16.62% as of March 31, 2014, resulting in a negative change of 18.11%. This indicates that the balance sheet and financial strength for Incredible Bank has had no significant changes in recent periods.

Deposit Growth


In the past year, Incredible Bank has increased its total deposits by $2.09 million, resulting in 0.24% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Incredible Bank has shown is above average.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Incredible Bank has $1.02 billion in assets with $116.85 million in equity, resulting in a capitalization level of 11.47%, which is excellent.

Institution Statistics

FDIC Certificate #19772
Year Established1967
Primary RegulatorFDIC
Assets and Liabilities
Assets$1.02 billion
Loans$765.01 million
Deposits$880.44 million
Equity Capital$107.39 million
Loan Loss Allowance$9.46 million
Unbacked Noncurrent Loans$5.54 million
Real Estate Owned$13.88 million
Historic Data - March 2013
Assets$1.02 billion
Equity Capital$112.92 million
Loan Loss Allowance$11.15 million
Unbacked Noncurrent Loans$5.54 million
Real Estate Owned$14.41 million
Profit Margin - Quarterly
Net Interest Margin4.24%
Return on Assets0.99%
Return on Equity9.36%
Interest Income$10.78 million

Always verify rates and promotions with the bank or credit union. We are not Incredible Bank, we are a rate comparison website and can not provide official rates or promotions.

Incredible Bank Savings Account Rates

1.51%$50k-Incredible HSA

Incredible Bank Money Market Rates

0.95%$2,500$250kIncredible Money Market

Incredible Bank Checking Account Rates

There is a $1,000 minimum deposit required to open the account. Once opened, there is no minimum balance requirement to earn the top yield or to avoid a monthly fee.

0.59%-$250kIncredible Checking

Incredible Bank CD Rates

1.06%$10k$90kIncredible 19 Month CD
0.80%$10k$90kIncredible 13 Month CD
0.65%$10k$90kIncredible 9 Month CD

Incredible Bank is an Internet only bank and does not have branch locations. Its headquarters is located at 327 North 17th Avenue - Wausau, WI 54401