SUMMARY: Savings amounts are estimates and are for illustration purposes only. The estimates illustrate projected savings for an entire year, regardless of when an account was opened, and do NOT constitute a cash payout, dividend, or bonus.
CALCULATIONS: Financial institutions with comparable rate tiers and pricing structures were used to determine an average rate within each product type. Individual savings were then estimated by determining the difference between current Rivermark rates and the average rates, and then applying this differential to your Rivermark rates. In some rare cases, deposit and/or loan relationships were compared to the most similar product for which market rate information was available. Rates are subject to change at any time without notice. Business accounts were excluded from these calculations. The savings amount for all loan relationships, including credit cards, was determined based on balances as of 2/28/22. If your balance is not carried over month to month, your savings amount would be less.
FEES: Fees were also taken into consideration when calculating the benefit associated with certain account relationships, using the average fees charged by competitors for that particular account, compared with the fees charged at Rivermark. We did not include penalty or “occasional” fees such as overdraft fees, stop payment fees, foreign item fees, etc. Rivermark has very few account maintenance fees, so your membership really helps you save big in the fee area.
DATA: The bank rate and fee information was obtained from Curinos (formerly Informa Research) on 2/10/22. Although the information provided by Curinos has been obtained from the financial institutions themselves, neither Rivermark nor Curinos can guarantee absolute accuracy as rates can change without notice.