R Bank is headquartered in Round Rock and is the 147th largest bank in the state of Texas. It is also the 1,688th largest bank in the nation. It was established in 2009 and as of December of 2016, it had grown to 82 employees at 8 locations. R Bank has an A health rating.
IMPORTANT NOTICE REGARDING THE R BEST CHECKING ACCOUNT
R Bank announces changes to its R Best Checking Account. Effective October 26, 2016: • The Interest Rate/Annual Percentage Yield (APY) on the account will change. An APY of 3.00% will be earned on balances of $0.01 to $15,000 and 0.45% APY on balances over $15,000 as long as qualifications* are met each qualifying cycle. Base rate of 0.01% APY will be earned on all balances if qualifications are not met. Effective November 26, 2016: • The balance cap will change from $15,000.00 to $10,000.00. This means an interest rate of 2.96% (3.00% APY) will be earned on balances up to $10,000.00, when the monthly statement cycle qualifiers are met. Any balance in excess of $10.000.00 will earn a rate of 0.45% (0.45% APY), when the monthly statement cycle qualifiers are met. A base rate of 0.01% (0.01% APY) will be earned on all balances if the monthly statement qualifiers are not met. *Important Reminder: In order to earn the premium interest and ATM fee refunds, account holders must sign up for e - statement notifications; have 12 or more debit card transactions post and settle during the qualification cycle and have one Direct Deposit or ACH transaction post and settle during the qualification cycle.
The rates did indeed go down. As of July, Interest rates (if requirements are met) are now:
3.05% on the first $15,000 (down from 3.5%)
0.71% on funds > $15,000 (down from 1.0%)
Customer representative said that an email was being prepared and would be out soon.
Ken, Why doesn't R Bank show up in the list of Rewards Checking Accounts in Texas with high interest rates? After finding your Nov 2013 review of R Bank Rewards Checking, I opened a Rewards Checking Account at rbanktexas , and have been very satisfied. Pays 3.25% on the first 15k, and then 1.01% on the balance above 15k. I had to open in person, so easy for people in Central Texas, but not elsewhere.
It looks like R Bank reduced their reward checking rate this month (july). Unfortunately, they don't seem to publish these rates on their web page nor do they inform the account holders when the change takes place takes place. I'll post more info after I contact them next week.
|FDIC Certificate #||58935|
|Return on Assets - YTD||0.46%|
|Return on Equity - YTD||4.43%|
|Annual Interest Income||$16.2MM|
|Assets and Liabilities|
|Assets||Q4 2016vs Q4 2015||$409.7MM$370.4MM|
|Loans||Q4 2016vs Q4 2015||$295.0MM$244.3MM|
|Deposits||Q4 2016vs Q4 2015||$351.7MM$328.8MM|
|Equity Capital||Q4 2016vs Q4 2015||$40.2MM$41.1MM|
|Loan Loss Allowance||Q4 2016vs Q4 2015||$3.2MM$2.9MM|
|Unbacked Noncurrent Loans||Q4 2016vs Q4 2015||$1.8MM$1.3MM|
|Real Estate Owned||Q4 2016vs Q4 2015||$0$0|
Sorry, we do not have rate data for R Bank.
|R Bank Locations|
|R Bank||3600 E Palm Valley Blvd||Round Rock, TX 78681|
|Georgetown Branch||2415 Williams Dr.||Georgetown, TX 78628|
|Westlake Branch||3103 Bee Caves Rd., Sutie 110||Rollingwood, TX 78746|
|Round Rock Banking Center||1900 Round Rock Avenue||Round Rock, TX 78681|
|Bertram Branch||360 Hwy 29 East||Bertram, TX 78605|
|50 W. Fm 487 Jarrell Branch||50 W. Fm 487||Jarrell, TX 76537|
|Schwertner State Bank Branch||110 Main Street||Schwertner, TX 76573|
|Edna Banking Center||814 North Wells Street||Edna, TX 77957|