Average User Rating:| PO Box 1182 Wausau , WI 54402 1.877.261.4750 www.incrediblebank.com  |
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Incrediblebank.com, 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.
Related Posts
Incredible Bank's 2-Year Anniversary - 10/31/2011
It has been two years since the Wisconsin-based River Valley Bank launched Incredible Bank . The first product was an internet checking account with a very competitive rate. I first reported on it in ...
Incredible Bank CD Rate Cuts (Forum) - 8/18/2011
Incredible Bank has reduced its 19 month CD from 1.5% to 1.3% apy. The 13 month CD has also been reduced from 1.3% to 1.15% apy. Bancxman
Internet Checking Rate Drop (Forum) - 8/18/2011
Incredible Bank's Internet Checking is down 10 basis points to 1.11% APY (from 1.21%), as of yesterday. Looks like Fed's announcement to maintain current low rates until mid-2013 is starting to result in a new flurry of rate drops - not good news for save
New Rate Tiers of Incredible Bank's Money Market Account - 8/15/2011
I mentioned this change in my last weekly recap, but I thought this change was worth mentioning in a new blog post since the rate is one of the highest non-promo rates for nationally available money m ...
2011
- 6/3 - Incredible Bank Offers New Internet CDs
- 6/3 - New Short-Term Cds (Forum)
- 5/5 - Incredible Bank's New Money Market Account
- 3/4 - Incredible Bank Cuts Checking Account Rates But CD Rates Hold
- 2/15 - Another High Yield Savings Account is Sold Out - Today's Best Choices?
- 2/14 - New Competitive 1-Year and 18-Month CD Rates at Incredible Bank - Available Nationwide
- 2/12 - New 12 And 18 Month Cds At Incredible Bank (Forum)
2010
- 12/27 - Incredible Bank's New 1-Year CD and the Problem with 1-Year CDs
- 11/17 - After One Year Has Incredible Bank Remained Incredible?
- 9/22 - Internet Checking Accounts with the Best Interest Rates
- 8/27 - Internet Savings Accounts - Is Rate Chasing Still Worthwhile?
- 8/20 - Drip, Drip, Droop (Forum)
- 7/22 - Five Best Regular Interest Checking Accounts Available Nationwide
- 6/30 - Incredible Bank's Hot 1-Year CD Deal is Over - Alternatives?
- 6/13 - The Best 12-Month CD Rate Available Nationwide at Incredible Bank - EXPIRED
- 6/12 - Incrediblebank Blended 12 mo CD (Forum)
- 4/30 - Incredible Bank Announces a Rate Cut Effective May 3rd
- 4/14 - Has Incredible Bank Remained Incredible?
- 3/29 - Updates on Incredible Bank and its High-Yield Checking Account (Forum)
- 2/22 - Pretty Ridiculous To Have A Checking Account That Charges You $20 (Forum)
- 2/19 - Incredible Bank Cuts Checking Account Rate (Forum)
- 2/19 - The Have Cut The Rate To 1 (Forum)
- 2/10 - 2.02% APR On Checking Up To $250 (Forum)
- 1/26 - Reviews of Incredible Bank's 2.02% Internet Checking Account (Forum)
2009
See Rates for: Checking | Money Market | CD
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.
Incredible Bank Money Market Rates
Incredible Bank CD Rates
Rates updated: 2/9/2012
Data for Q3 2011
Institution Statistics
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Institution Health
Overall Score:
3 out of 5 
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Exorbitant Fees, Difficult To Reach...
- dwill - Wednesday, March 9, 2011 - 12:22 PMThe only upside to Incredible Bank is a marginally higher interest rate.
Unfortunately, this is eclipsed by a lot of other factors. Exorbitant fees, the bank is difficult to reach when you have issues, worst of all when you do reach a human being, nobody ever knows how to solve your problem or who to ask to get your issues fixed.
I should've known better than to start an account at a bank whose web page makes grunting noises.
I feel much better after transferring my money to a larger, more competant bank.
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On-Line Setup
- DL10010 - Wednesday, June 16, 2010 - 11:31 AMHad 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.
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Very Happy With Incredible
- Rob_XXYY - Friday, January 20, 2012 - 3:47 PMMy experience with Incredible bank for the past year has been terrific.
When I called the 1st time - a real person (Cindy) answered after just one ring. I've called a few times, and I always got a helpful person quickly. They also answered my emails quickly and acurately too.
They made it very clear when I called (and in follow-up emails) that I needed to signup for electronic statements to avoid the fee for paper statements - and it was fairly easy to do. If confused, just call and they will walk you thru it.
One strange thing: their "checking" account does not have checks. That is, you cannot write a personal check on the account. You can use their bill pay service to send a check (or electronic payment) but paper checks that you fill in by hand are not allowed - so this cannot be your primary checking account. They also do ACH transfers that can be entered online, but I had to first call and ask for the online ACH feature to be enabled (once enabled - it stays enabled).
Great rates (well - relative to other banks in these really low interest rate times) and excellent customer service.
Highly recommended.
-Rob
5
Rate Change
- cdthompso1 - Friday, March 4, 2011 - 6:47 AMI have received notice that, as of March 4, 2011, Incredible's checking account rate will be lowered to 1.21% APY.
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REVISED: Incrediblebank Interest Rate Info
- 2Tall - Friday, August 20, 2010 - 9:58 PMOnline checking account rate will be adjusted to 1.42% APY as of August 20, 2010.
3
I've Tried To Open An Account 3 Times
- Anonymous - Monday, April 19, 2010 - 2:54 PMI'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
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Checks Are Free To Send If You Do It With The Bill Pay Feature
- Quovatis - Monday, April 12, 2010 - 2:27 PMChecks are free to send if you do it with the bill pay feature. Just set it up to pay an individual or business and the check is sent to them in the mail for free. The money doesn't come out of your account until they cash the check.
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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.