Average User Rating:3 star rating based on 8 reviews.
Incredible Bank
| 327 North 17th Avenue Wausau , WI 54401 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
Rate Tables Outdated For Incredible Bank Cds (Forum) - 5/25/2012
Just a quick note that the rates shown at DepositAccounts.com's rate tables for Incredible Bank need updating. The rates are now: 0.65% for 9-month CD, 0.80% for 13-month CD, and 1.00% for 19-month CD. Current rates are shown on Incredible Bank's homepage
Money Market Rate Leaders with Some History - 5/23/2012
There are currently 10 banks offering nationally available savings or money market accounts with a yield of at least 1.00%. I last reviewed these in my weekly summary . Many of these are promotional r ...
Why Some Checking Accounts Have Higher Rates Than Savings Accounts - 5/8/2012
A reader asked an interesting question in the discussion forum of why some checking accounts pay higher interest rates than savings accounts. Cases like this are becoming more common. Examples of ...
How Come Some Checking Accounts Pay A Higher Interest Than Savings Account? (Forum) - 4/21/2012
how come some checking accounts pay a higher interest than savings account? sometimes even at the same bank, with no fees whatsoever
2011
- 10/31 - Incredible Bank's 2-Year Anniversary
- 8/18 - Incredible Bank CD Rate Cuts (Forum)
- 8/18 - Internet Checking Rate Drop (Forum)
- 8/15 - New Rate Tiers of Incredible Bank's Money Market Account
- 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: 5/27/2012
Data for Q1 2012
Institution Statistics
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Institution Health
Overall Score:
4 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.
10
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.
7
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.
3
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
3
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.
3
Featured Accounts
Nationwide Savings Accounts
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.