R Bank

Overview / Commentary

www.r.bank

844-722-6589

3600 E Palm Valley Blvd
Round Rock, TX 78665

R Bank is headquartered in ROUND ROCK and is the 89^th largest bank in the state of Texas. It is also the 982^nd largest bank in the nation. It was established in 2009 and as of June of 2024, it had grown to 162 employees at 10 locations. R Bank's money market rates are 11X the national average, and it has a C+ health rating.

R Bank (TX) Offers 15-Month Bump Rate CD Statewide - 10/24/2023

R Bank (Texas) is offering a 15-month R Option CD (one-time rate increase during term)on a statewide basis. $1k minimum/$1.5m maximum deposit.

View all posts from:

2023
2022
2020
Earlier

10/24 - R Bank (TX) Offers 15-Month Bump Rate CD Statewide

12/8 - R Bank (TX) Offers Competitive 9-Month CD Special Statewide

12/7 - R Bank (Texas) R Best Checking Available Statewide

10/25/16 - Rbank Lowers Rate And Cap For Rewards Checking Account
7/2/14 - R Bank Texas RCA (3.25% To $15K, 1.01% Above $15K)
11/12/13 - Updated Review of the R Bank Reward Checking in the Austin Metro Area
9/9/10 - Survey of the Best Checking Accounts in Austin Texas
12/9/09 - Free High-Yield Reward Checking Accont at R Bank in Texas - Local Only

Reviews (2)

Write a Review

R Bank Lowered Rate

Posted by: mdmangus | Feb 5, 2021

I've had R Bank for a long time. Very competitive in the Reward Checking with many banks and Credit Unions. Customer Service has always been friendly when I've called or emailed.

5/18/2021 - Upgraded their website and mobile apps. It is the same banking system that Consumer's Credit Union recently upgraded too. It is a positive UI experience and R Bank now allows external ACH transfers with other institutions with this system upgrade.

1/27/2021 - Lowered their rate to $2.50%

Comment

Slow Application Processing, Not Honoring Rate

Posted by: DHS | Dec 20, 2023

I tried to open a CD on the 15th of December and have not received anything other than a 'pending' email with a reference code. Called a CSR today and was informed that they work through applications - when I asked if the rate of the application date will be honored I was told that I will only get the CD rate of the day which will be substantially lower than the advertised promo. After that I cancelled, felt like click bait.

See my update comment, customer service was very quick on their feet to solve the initial hiccups and although 2 weeks later they honored the initial rate. Hence, the revised rating.

Health

C+

Data as of Q2 2024

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	58935
Year Established	2009
Employees	162
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	-0.11%
Return on Equity - YTD	-1.25%
Annual Interest Income	$30.7MM

Assets and Liabilities
Assets	Q2 2024vs Q2 2023	$1.04B$981.7MM
Loans	Q2 2024vs Q2 2023	$846MM$809.3MM
Deposits	Q2 2024vs Q2 2023	$901.1MM$861.3MM
Equity Capital	Q2 2024vs Q2 2023	$90MM$89.4MM
Loan Loss Allowance	Q2 2024vs Q2 2023	$9.1MM$8.5MM
Unbacked Noncurrent Loans	Q2 2024vs Q2 2023	$14.7MM$2.3MM
Real Estate Owned	Q2 2024vs Q2 2023	$0$0

Rates

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Savings
Money Market
Checking
CD
IRA

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Always verify rates and promotions with the bank or credit union. We are not R 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.

R Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
1.04%^*	$15k^*	-	Health Savings Account
OTHER TIERS: 0.10% → $0 - $1k \| 0.18% → $1k - $5k \| 0.61% → $5k - $15k
0.45%	$0	-	Kids Savers Club Savings
0.20%	$200	-	Personal Savings
0.20%	$500	-	Business Savings

R Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
5.05%^*	$3m^*	-	Champions Money Market
OTHER TIERS: 4.65% → $750k - $1.5m \| 4.90% → $1.5m - $3m
5.05%^*	$3m^*	-	Business Champions Money Market
OTHER TIERS: 4.65% → $750k - $1.5m \| 4.90% → $1.5m - $3m
2.99%^*	$1m^*	-	High Yield Money Market
OTHER TIERS: 1.01% → $25k - $150k \| 1.26% → $150k - $300k \| 2.02% → $300k - $1m
2.99%^*	$1m^*	-	Business High Yield Money Market
OTHER TIERS: 1.01% → $25k - $150k \| 1.26% → $150k - $300k \| 2.02% → $300k - $1m
2.02%^*	$250k^*	-	Personal Money Market
OTHER TIERS: 0.65% → $2.5k - $5k \| 0.75% → $5k - $25k \| 1.01% → $25k - $100k \| 1.21% → $100k - $250k
2.02%^*	$250k^*	-	Premium Money Market
OTHER TIERS: 0.65% → $10k - $25k \| 0.75% → $25k - $50k \| 1.01% → $50k - $100k \| 1.21% → $100k - $250k
2.02%^*	$250k^*	-	Business Premium Money Market
OTHER TIERS: 0.65% → $10k - $25k \| 0.75% → $25k - $50k \| 1.01% → $50k - $100k \| 1.21% → $100k - $250k
1.21%^*	$250k^*	-	Business Money Market
OTHER TIERS: 0.65% → $2.5k - $5k \| 0.67% → $5k - $25k \| 0.70% → $25k - $100k \| 0.75% → $100k - $250k

R Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
2.50%^*	$0	$10k	R Best Checking
OTHER TIERS: 0.38% → $10k+
0.10%^*	$100k^*	-	Income Checking
OTHER TIERS: 0.05% → $1.5k - $100k
0.05%	$2.5k	-	Business Interest Checking

R Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
5.07%	$1k	-	6 Month CD
5.07%	$100k	-	6 Month Jumbo CD
5.02%	$1k	-	3 Month CD
5.02%	$100k	-	3 Month Jumbo CD
4.86%	$1k	-	12 Month CD
4.86%	$100k	-	12 Month Jumbo CD
4.34%	$1k	-	9 Month CD Special
3.82%	$1k	$1.5m	15 Month R Option CD Special
3.82%	$1k	$1.5m	30 Month R Option CD Special
2.22%	$100k	-	18 Month Jumbo CD
2.17%	$1k	-	18 Month CD
2.17%	$1k	-	24 Month CD
2.17%	$100k	-	24 Month Jumbo CD
1.51%	$1k	-	36 Month CD
1.51%	$100k	-	36 Month Jumbo CD

R Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
4.86%	$1k	-	12 Month IRA
3.30%	$1k	-	24 Month IRA
3.05%	$1k	-	36 Month IRA
1.51%	$1k	-	60 Month IRA

Locations

Cities: Bertram, Cedar Park, Edna, Fort Worth, Georgetown, Jarrell, Rollingwood, Round Rock, Schwertner

Bertram Branches
Bertram Branch	360 Hwy 29 East	Bertram, TX 78605

Cedar Park Branches
R Bank	190 East Whitestone Boulevard	Cedar Park, TX 78613

Edna Branches
Edna Banking Center	814 North Wells Street	Edna, TX 77957

Fort Worth Branches
University Ftw Branch	451 University Drive	Fort Worth, TX 76107

Georgetown Branches
Georgetown Branch	2415 Williams Dr.	Georgetown, TX 78628

Jarrell Branches
50 W. Fm 487 Jarrell Branch	50 W. Fm 487	Jarrell, TX 76537

Rollingwood Branches
Westlake Branch	3103 Bee Caves Rd., Sutie 110	Rollingwood, TX 78746

Round Rock Branches
R Bank	3600 E Palm Valley Blvd	Round Rock, TX 78665
Round Rock Banking Center	1900 Round Rock Avenue	Round Rock, TX 78681

Schwertner Branches
Schwertner State Bank Branch	110 Main Street	Schwertner, TX 76573

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