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Incredible Bank

Popular Accounts at this Bank

0.59%CheckingIncredible Checking
0.95%Money MarketIncredible Money Market
1.11%SavingsIncredible Savings

Overview / Commentary
327 North 17th Avenue
Wausau, WI 54401

Related Posts

IncredibleBank Raises Rate On Incredible Savings - Nationwide - 10/28/2015

IncredibleBank has raised the rate on its Incredible Savings (1.17% APY on all balances up to $250K). Available only on online, the minimum opening deposit is $2.5K.

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12/27/12 - Replacing Savings Accounts with an Interest Checking Account
11/10/12 - Website Temporarily Unavailable
11/9/12 - Incredible Bank's 3-Year Anniversary - Comparing Its Rate History
9/21/12 - Unable To Login To Incredible Bank Account - Day Two
6/12/12 - Incredible Bank's Parent Partially Pays Back TARP Funds
5/25/12 - Rate Tables Outdated For Incredible Bank Cds
5/23/12 - Money Market Rate Leaders with Some History
5/8/12 - Why Some Checking Accounts Have Higher Rates Than Savings Accounts
4/21/12 - How Come Some Checking Accounts Pay A Higher Interest Than Savings Account?
10/31/11 - Incredible Bank's 2-Year Anniversary
8/18/11 - Incredible Bank CD Rate Cuts
8/18/11 - Internet Checking Rate Drop
8/15/11 - New Rate Tiers of Incredible Bank's Money Market Account
6/3/11 - Incredible Bank Offers New Internet CDs
6/3/11 - New Short-Term Cds
5/5/11 - Incredible Bank's New Money Market Account
3/17/11 - Incredible Bank's CD Deals Are Over - Best 1-Year CD Rate?
3/4/11 - Incredible Bank Cuts Checking Account Rates But CD Rates Hold
2/15/11 - Another High Yield Savings Account is Sold Out - Today's Best Choices?
2/14/11 - New Competitive 1-Year and 18-Month CD Rates at Incredible Bank - Available Nationwide
2/12/11 - New 12 And 18 Month Cds At Incredible Bank
12/27/10 - Incredible Bank's New 1-Year CD and the Problem with 1-Year CDs
11/17/10 - After One Year Has Incredible Bank Remained Incredible?
9/22/10 - Internet Checking Accounts with the Best Interest Rates
8/27/10 - Internet Savings Accounts - Is Rate Chasing Still Worthwhile?
8/20/10 - Drip, Drip, Droop
7/22/10 - Five Best Regular Interest Checking Accounts Available Nationwide
6/30/10 - Incredible Bank's Hot 1-Year CD Deal is Over - Alternatives?
6/13/10 - The Best 12-Month CD Rate Available Nationwide at Incredible Bank - EXPIRED
6/12/10 - Incrediblebank Blended 12 mo CD
4/30/10 - Incredible Bank Announces a Rate Cut Effective May 3rd
4/14/10 - Has Incredible Bank Remained Incredible?
3/29/10 - Updates on Incredible Bank and its High-Yield Checking Account
2/22/10 - Pretty Ridiculous To Have A Checking Account That Charges You $20
2/19/10 - Incredible Bank Cuts Checking Account Rate
2/19/10 - The Have Cut The Rate To 1
2/10/10 - 2.02% APR On Checking Up To $250
1/26/10 - Reviews of Incredible Bank's 2.02% Internet Checking Account
11/9/09 - New High-Yield Internet Checking Account at Incredible Bank - Available Nationwide

Simply Incredible!

Posted by: IBCustomer | Nov 9, 2012

Not often can you get an online experience that also allows for a real live person to help you when you need the personal touch.  Not only are rates competitive but service is unlike other online banking experiences either!

Very Happy With Incredible

Posted by: Rob_XXYY | Jan 20, 2012

My 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.




Seems OK Now

Posted by: scooter | Jun 16, 2016

I had a bit of trouble with this one because they don't make it easy. You will have to jump through all kinds of hoops such as a 2 month waiting period be eligible for online transfers from your bank. You have submit documentation such as your driver's license image and all kinds of irritating little details. But, they do pay the most of the online savings accounts. So now that I am finally through all the hurdles it looks like they will be easy to deal with going forward. Customer service is very reasonable and you will have to call them a couple of times but no biggie.

Incredible Bank Savings Account Features

Posted by: stnglee | Jul 11, 2016

Incredible Bank Savings Account Summary

Account Type: Savings Account
Rate: 1.17% APY
Availability: Nationwide
Expiration Date: None
Soft/Hard Pull: Soft pull
Direct Deposit Requirement: None
Additional Requirements:
You must open the account with $2,500 minimum funding requirement.
Monthly Fee: There must be a minimum of $2,500 in your account to waive the $15.00 monthly fee
Early Termination Fee: There is a $10 fee if the account is closed within 90 days
Service charge of $10.00 will be charged for each debit over six (6) during any month.
Incredible Bank Savings Account Features:
Earn 1.17% APY on balances up to $249,999.99
$2,500 minimum deposit to open an account
Free online, mobile and text banking
Direct deposit available with Bank-to-Bank transfer capabilities available after 60 days of account opening, per customer request.
FDIC insured to the maximum allowable limits ($250,000) per depositor.

To verify your identity and protect you from fraud, they will need a copy of your valid,
government-issued photo ID (such as your driver’s license photo image.)
Please scan and upload a copy of photo ID for each person on the account application by following the steps below:
Go to www.incrediblebank.com
Click on “Application Center” in the center of our homepage.
Under “Already have an application account,” enter your email address and log in with your Application Center password.
Select “Upload a document.”
Follow the instructions on the screens to upload your ID.

you have to sign up for electronic statements, the only way your account will go back to paper statements and get a statement fee of $5.00
if you do not log into your online banking for 9 months - after 9 months you will go back to paper statements and get a fee of $5.00
You can at least log in once a month and that will keep everything active for you

How to Initiate ACH bank-to-bank transfers?
You can contact your external financial institution to initiate transfers.

When can I get Bank-to-Bank transfer capabilities on my Incredible Savings account?
Bank-to-Bank transfer capabilities will be available per request after 60 days of account opening.
You will need to contact us in order to activate this feature on your account.
These would only apply when initiating through your online banking - not through an external institution.

What are the Bank-to-Bank transfer limits?
A maximum of three inbound transfers per day, not exceeding a total of $50,000
A maximum of three outbound transfers per day, not exceeding a total of $10,000
(See excess item service charge question above for potential fee that may apply)
These would only apply when initiating through your online banking - not through an external institution

* Rate and APY accurate as of April 30, 2016. Rate is variable and is subject to change without prior notice.

** An interest rate of .05% will be paid only for that portion of your daily balance that is greater than $249,999.99.
The APY for this tier will range from 1.17% to 0.33%, depending on the balance in the account.
A maintenance fee of $15 will apply if the average collected balance of the account falls below $2500.00 any day of the month.
No monthly maintenance fee if enrolled in e-statements and average collected balance is more than $2,500.00 during the statement cycle.
A $5 paper statement fee will apply if the account is not enrolled in e-statements through Online Banking. (See schedule of fees for more information).
Fees may reduce earnings. An excess item service charge of $10.00 will be charged for each debit over six (6) during any month of the following types: withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer,or telephone order or instruction, computer transfer, or similar order to a third party.



Health Grade Components

FDIC Certificate #19772
Year Established1967
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.36%
Return on Equity - YTD13.27%
Annual Interest Income$11.1MM
Assets and Liabilities
AssetsQ1 2016vs Q1 2015$1.09B$1.05B
LoansQ1 2016vs Q1 2015$803.1MM$815.9MM
DepositsQ1 2016vs Q1 2015$941.7MM$907.1MM
Equity CapitalQ1 2016vs Q1 2015$111.3MM$108.4MM
Loan Loss AllowanceQ1 2016vs Q1 2015$9.0MM$9.0MM
Unbacked Noncurrent LoansQ1 2016vs Q1 2015$6.6MM$3.8MM
Real Estate OwnedQ1 2016vs Q1 2015$3.6MM$4.8MM
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Always verify rates and promotions with the bank or credit union. We are not Incredible Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Incredible Bank Savings Account Rates

1.11%*-$250kIncredible Savings
OTHER TIERS: 0.05% $250k+

Incredible Bank Money Market Rates

0.95%*-$250kIncredible Money Market
OTHER TIERS: 0.05% $250k+

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
OTHER TIERS: 0.05% $250k+

Incredible Bank CD Rates

1.20%$10k$90kIncredible 19 Month CD
1.00%$10k$90kIncredible 13 Month CD
0.75%$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