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Reviews (2)
TIMBR Is AWESOME
Posted by: coleclarke23 | Jul 24, 2024
I would recommend TIMBR to anyone who is looking for a great company to invest their money with.
Very Limited Functionality
Posted by: Terp | Sep 25, 2024
According to an email from TIMBR,
"Direct Deposits and bill pay are not supported."
So apparently you can manually ACH money in and out from ONLY the funding account. And that's it.
Also, from the website:
"Only ACH transfers to and from your funding account are allowed on your TIMBR High Yield Savings account. No other account activity is allowed."
VERY limited account.
Customer Service answered my questions about the account same-day -- So that's good.
And... If they maintain the rate, this could be a good savings vehicle.
I'm just not used to such limited functionality.
Health
A+
Data as of Q2 2024
Data displayed below is for insuring bank: Bridgewater Bank
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 58210 |
| Year Established | 2005 |
| Employees | 258 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.79% |
| Return on Equity - YTD | 7.37% |
| Annual Interest Income | $119.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $4.68B$4.59B |
| Loans | Q2 2024vs Q2 2023 | $3.74B$3.68B |
| Deposits | Q2 2024vs Q2 2023 | $3.82B$3.61B |
| Equity Capital | Q2 2024vs Q2 2023 | $511.8MM$463.4MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $51.9MM$50.7MM |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $583K$662K |
| Real Estate Owned | Q2 2024vs Q2 2023 | $0$116K |