Riverside Bank of Dublin Adds 18-Month CD Special


Deal Summary: 18-month CD Special, 1.11% APY (w/checking), 1.01% APY (w/o checking), $500 min/$500k max deposit.

Availability: Columbus, Ohio metro area

Riverside Bank of Dublin (Riverside) has added an 18-month CD Special, which earns a base APY of 1.01% APY. If a checking account is opened and remains open in good standing throughout the term, the rate is 1.11% APY. The minimum opening deposit is $500, with a $500k balance cap.

According to CSR, the Early Withdrawal Penalty is $25 or 6 months of dividends, whichever is greater. Only early closures are allowed; partial withdrawals are not permitted.

Checking Accounts

Riverside currently offers two checking accounts: Free Checking and All In Checking. As the name suggest, the Free Checking had no monthly maintenance fee, with no minimum balance requirement. Free Checking is a non-interest bearing account that can be opened with a $50 minimum deposit.

The All In Checking is a non-rewards checking account, currently earning 1.01% APY on balances of $2.5k and higher. As I pointed out in a July blog post, the 1.01% APY is guaranteed through December 31, 2021. To quote myself,

Riverside’s Rates page shows four balance tiers for the All In Checking account – $2.5k+, $10k+, $25k+, and $100k+. I assume there will be four different APYs on January 1, 2022.

CSR stated that the rate will drop to 0.79% APY on January 1, 2022, which is still a very competitive rate for a non-rewards checking account. CSR was not sure if the 0.79% APY applies to all balances.

The All In Checking account can be opened with a minimum $50 deposit. There is a $5 monthly maintenance fee that can be avoided with “$15,000 in total personal accounts relationship balances.” Unlimited check writing is available and a fee-free debit card can be issued.


Headquartered in Dublin, Ohio (a suburb of Columbus), Riverside Bank of Dublin’s current market area is the greater Columbus metro area.

At this time, the only option for opening a CD is an in-person visit to sole Ohio branch, located in the Metro Place North business park in Dublin. There is no mention of any COVID-19 related branch limitations on the Bank’s website, but appointments are available.

Riverside participates in the MoneyPass ATM network, giving its customers access to more than 37,000 fee-free ATMs through the United States and Puerto Rico.

Bank Overview

Riverside Bank of Dublin has an overall health grade* of "A" at DepositAccounts.com, with a Texas Ratio of 0.00% (excellent, and not a typo) based on September 30, 2021 data. Riverside has an excellent capitalization level (32.36%), the result of holding $71.39 million in assets with $23.3 million in equity. Please refer to our financial overview of Riverside Bank of Dublin (FDIC Certificate # 59199) for more details.

*Riverside's overall health grade is affected by additional factors, such as a small asset base, a short operating history, or negative return on equity, which can represent an instability risk beyond what the financial ratios indicate. Riverside Bank of Dublin has a low asset base ($71.39 million), a short operating history (less than ten months), and a negative return on equity (-6.75%).

Riverside Bank of Dublin is a “de novo” bank – a startup launched from scratch – and only the second de novo bank opened in Ohio since the Great Recession. Riverside could be considered a “novus de novo”, having opened its doors in early March.

According to a March 2021 article in Columbus Business First,

The bank got conditional approval to open from the Federal Deposit Insurance Corp. in March 2020, days before the pandemic hit.

"We went from one of the best times to raise money to maybe the worst," Daily said. "We put off our capital raise but ... all felt better after 4 or 5 months; some of the worst predictions didn't come to pass."

Ultimately the bank's organizers raised $25 million to get started – the maximum about it was approved for. Since it opened for business late last month, it has seen a "nice pipeline of loans and deposits," Daily said.

The bank's focus is small business, offering lines of credit, equipment financing, SBA loans and construction loans. Its office in the Metro Place business park will be its home for now, as it has put off plans for a traditional retail branch. Covid-19 has helped people understand digital banking tools and that's good for the new bank, Daily said.

"We still think there is a niche from the consolidation of the bank industry," Daily said, noting how more businesses have turned to banks during the pandemic. "The relationship with the bank and the business has never been more important."

How the CD Special Compares

When compared to the similar length-of-term CDs tracked by DepositAccounts.com, that require a similar minimum deposit and are available in the market area, Riverside Bank of Dublin's top 18-month CD Special APY ranks first.

The above information and rates are accurate as of 12/22/2021.

To look for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table page.

Related Pages: Columbus checking accounts, checking accounts, 1-year CD rates

Riverside Bank of Dublin (OH) Offers Rate Guarantee On Checking Account
Deal Summary: All In Checking, 1.01% APY, $2.5k minimum balance, rate guaranteed through December 31, 2021.

Availability: Columbus, Ohio metro area

Riverside Bank of Dublin (Riverside) is guaranteeing 1.01% APY on its All In Checking account through December 31, 2021. The 1.01% APY applies to balances of $2.5k and higher. Riverside’s Rates page shows four balance tiers for the All In Checking account – $2.5k+, $10k+, $25k+, and $100k+. I assume there will be four different APYs on January 1, 2022.

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