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Riverview Rates
| Market Plus | APY |
|---|---|
| $5,000 - $49,999 | 1.00% |
| $50,000 or more | 1.40% |
| Business Plus | APY |
| $10,000 - $49,999 | 1.10% |
| $50,000 or more | 1.50% |
| CD Rates | APY |
|---|---|
| 5-Month Special | 1.40% |
| 9-Month Special | 1.64% |
| 13-Month Special | 1.90% |
| 21-Month Bump | 1.69% |
| 18-Month Variable IRA | 1.80% |
| Rates as of 7/2/09 CD Rates for $15,000-$24,999 Subject to change |
|
Accounts
Riverview Accounts
Select the account type to the left that you would like to learn more about.
Personal Checking Accounts
Everyone approaches money management differently. That's why we offer a range of accounts--there's sure to be a solution that will fit your personal needs.
Free Checking
For customers who don't want to worry about a minimum daily balance.
Minimum Daily Balance: None
Monthly Service Charge: None
Interest: None
Visa® Check Card: Free
Internet Banking & Bill Pay: Free
Interest Checking
For customers who want to earn interest and can maintain the minimum daily balance.
Minimum Daily Balance: $500
Monthly Service Charge: $5.00 waived with minimum daily balance
Interest: Yes
Checks: First Bank Stock order free
Visa® Check Card: Free
Internet Banking & Bill Pay: Free
High Yield Checking
For customers who want a higher interest rate and APY as well as Riverview services including loan discounts, preferred pricing on Home Equity Loans, and free investment portfolio analysis and estate planning consultation from Riverview Asset Management.
Minimum Daily Balance: $25,000
Monthly Service Charge: $25.00 waived with minimum daily balance
Custom High Yield Checks: Free
Visa® Check Card: Free
Internet Banking & Bill Pay: Free
Safe Deposit Box: Free for 3x5 size, or $20 credit toward larger sizes, subject to availability
Senior Checking
For customers 55 and over, this account provides interest with no minimum daily balance or monthly service charge.
Minimum Daily Balance: None
Monthly Service Charge: None
Interest: Yes
Checks: Free Bank Stock checks
Visa® Check Card: Free
Internet Banking & Bill Pay: Free
Savings Accounts
Savings accounts provide you a great way to save money while earning interest. All Savings accounts can be linked to your Checking account as Savings Overdraft Protection.
Savings
For customers who want a traditional savings account.
Minimum to open: $500
Minimum daily balance: $500
Monthly Service Charge: $5.00 waived with minimum daily balance
Interest: Yes
Statements: Monthly
Relationship Savings
For customers with Riverview Checking and Savings and one combined statement.
Minimum to open: $100
Minimum daily balance: None
Monthly Service Charge: None
Interest: Yes
Statements: Monthly, combined with checking
Minor Savings
A traditional savings account for minors under 18.
Minimum to open: $100
Minimum daily balance: None
Monthly Service Charge: None
Interest: Yes
Statements: Monthly
College Savings (18 Month Variable IRA)
The 18 Month Variable IRA can be used as a Coverdell Education Savings Account.(CESA)
Minimum to Open: $100
Minimum Periodical Deposit: $25
You can now contribute up to $2,000 per year to CESA for each child under the age of 18. Since these contributions are made post-tax, they are not deductible but the funds do accumulate tax-free.
Funds withdrawn from a CESA for school expenses are generally not taxed at the time of withdrawal. In addition to college, you may use these funds for primary and secondary school expenses.
Computer technology, equipment, Internet access and other related services may be paid tax-free from the account if used by the student or their family while the child is in school.
Money Market Accounts
Great account for people who maintain higher balances but want to keep some of their money liquid.
Money Market
A great account for people who maintain higher balances and desire the convenience of periodic withdrawals. With our tiered interest rates, the more you save, the more you earn.
Minimum Daily Balance: $2,500
Monthly Service Charge: $10.00 waived with minimum daily balance
Money Market Checks: Free
Combined Statements: Free
Internet Banking & Bill Pay: Free
Withdrawals:
- Unlimited in person or by mail
- Six pre-authorized, automatic or telephone transfers per month
Market Plus
A great account for people who maintain higher balances and desire the convenience of periodic withdrawals. With our tiered interest rates, the more you save, the more you earn.
Minimum Daily Balance: $5,000
Monthly Service Charge: $10.00 waived with minimum daily balance
Money Market Checks: Free
Combined Statements: Free
Internet Banking: Free
Withdrawals:
- Unlimited in person or by mail
- Six pre-authorized, automatic or telephone transfers per month, 3 of which can be by check
- Riverview Checking Account with Direct Deposit from payroll, Social Security, or other Retirement/Investment Account
- Riverview Companion Checking Account
- Any Business Account
Companion Checking Account
Minimum Daily Balance: $1,500
Service Fee: $15.00 waived with minimum daily balance
Sweep Accounts
Sweep Relationship Services via Riverview Asset Management Corp (RAMCorp)*
- Consolidate funds at end of business day for reporting and investment purposes
- Provides investment alternatives such as High Yield Money Market Funds**
How it works:
RAMCO Sweep Accounts revolve around a predetermined "Peg" balance in your Riverview Checking Account so you never have to worry about moving cash to cover outgoing items. Each night, any balance in excess of the Peg is invested in the Sweep Account, while any shortfall below the Peg is redeemed from the Sweep Account.
- Funds are automatically moved between your RAMCO Sweep Account (Invested in the money market fund of your choice**) and your Riverview Checking Account
- Checks are provided free of charge. No limit on the number of checks written per month
- Redeem funds at any time or make withdrawals by check
- View daily balance updates and transaction history online
- Telephone access by calling our account representatives to verify your account balance at 360 - 693-7442 or toll free at 877-993-5550.
* Riverview Asset Management Corporation is a Riverview company offering trust and investment services which are not federally insured, not guaranteed by the bank, and my lose value.
** Money Market Funds to Choose From:
- General Money Market Fund
- US Government Fund
- Income Tax-exempt Fund
- Caterpillar Fund
None of the funds charge load or 12b-1 fees, which means all your savings go to work for you. Please see Riverview Asset Management Corp. or your local Branch Manager for more details regarding this account.
Certificates of Deposit (CDs)
For customers who want a higher interest rate and the flexibility of terms ranging from 3 months to 10 years.
Minimum to Open: $2,500
Interest: Yes
Statements: Quarterly or monthly w/ combined statements
CDARS
For customers who want a higher interest rate, flexible terms, and up to $50 million in FDIC coverage while working with just one Riverview banker.
Minimum to Open: $10,000
Interest: Yes
Statements: Combined statement of all CDARS CD's
Individual Retirement Accounts (IRAs)
IRAs may be set up for the same rates and terms as available for CDs.
18 Month Variable IRA
Minimum to Open: $100
Minimum Periodic Deposit: $25.00
Certificates of Deposit (CDs)
Minimum to Open: $2,500
Interest: Yes
Statements: Quarterly or monthly w/ combined statements