Avidia Bank

Overview / Commentary
42 Main Street
Hudson, MA 01749

From the Bank

Avidia Bank provides the best in banking to consumers and businesses and is a proud community partner. Formed in 2007 by a merger between Hudson Savings Bank and Westborough Bank, Avidia Bank is now a $1.2 Billion mutual community bank headquartered in Hudson, MA. It has branches in Hudson, Westborough, Clinton, Marlborough, Northborough, Shrewsbury, Leominster and is opening soon in Framingham.

With investments in technology, Avidia offers Mobile banking with check deposit, bill pay, transfers, and the option to pay other people electronically.

The bank is very passionate about communities it serves in and helps out area organizations through the Avidia Charitable Foundation as well as through the Bank itself.

Framingham Bank

Posted by: |

New bank they opened in Framingham looks great and customer service was great. There is ample parking and in a convenient location.

Love Shrewsbury Avidia

Posted by: |

For years I've been banking with Avidia, particularly the Shrewsbury branch. All the folks in there make you feel like family. From Judy to Roya, Marguerite to Gargi, they always have a smile and a moment to chat.

Keep up the great work Ladies. I look forward to seeing you whenever I do my banking!

Great People, Totally Absurd Online Banking Experience

Good luck to anyone seeking an easy, straightforward online banking experience with Avidia. In my experience, it's pure imbecilic torture. I am all in favor of whatever degree of security a bank wants to impose on its systems. If a bank wants to go to the Fort Knox level, by all means, go ahead. However, there's an intelligent and logical way to go about doing it. Avidia did not get the memo on this. None of the other banks I deal with come anywhere close to Avidia in terms of how cumbersome and difficult they make online banking. All totally unnecessary and avoidable. Great CS phone reps - I feel badly for them having to defend and find workarounds for such poorly conceived internal systems.

Deceptive Sales Practices: Huge Penalties

Posted by: |

Our preferred bank (NOT Avidia) charges 50% of one year's interest as a penalty for early withdrawal of a CD. We had thought that was a norm. What an awakening! Without any clear statement, and nothing at all on its website, Avidia has charged us 50% of the FULL CD TERM's interest, including both past and future.

We recently lost $675 in penalties when our preferred bank's penalty policy is 50% of one year's interest. No warning, no disclosure other than the weasel words in the contract, no mention at time of withdrawal. Just WHAM, 50% of the full term interest.



Health Grade Components

FDIC Certificate #90215
Year Established1869
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.13%
Return on Equity - YTD1.64%
Annual Interest Income$39.0MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$2.41B$2.24B
LoansQ2 2022vs Q2 2021$1.68B$1.60B
DepositsQ2 2022vs Q2 2021$2.20B$1.99B
Equity CapitalQ2 2022vs Q2 2021$183.7MM$199.3MM
Loan Loss AllowanceQ2 2022vs Q2 2021$17.9MM$17.7MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$3.1MM$6.0MM
Real Estate OwnedQ2 2022vs Q2 2021$0$0
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Always verify rates and promotions with the bank or credit union. We are not Avidia 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.

Avidia Bank Savings Account Rates

0.30%*$50k*-Smart Savings Account
OTHER TIERS: 0.08% Up to $10k | 0.15% $10k - $25k | 0.20% $25k - $50k
0.30%*$50k*-Adventure Savings
OTHER TIERS: 0.08% Up to $10k | 0.15% $10k - $25k | 0.20% $25k - $50k
0.15%$10-Statement Holiday Club
0.07%*$20k*-Health Savings Account (HSA)
OTHER TIERS: 0.03% Up to $2.5k | 0.05% $2.5k - $20k

Avidia Bank Money Market Rates

1.16%*$1m*-Max Money Market
OTHER TIERS: 0.45% Up to $250k | 0.65% $250k - $500k | 0.85% $500k - $1m
0.70%*$100k*-Money Market Account
OTHER TIERS: 0.15% Up to $10k | 0.25% $10k - $50k | 0.50% $50k - $100k
0.50%*$50k*-IRA Money Market Account
OTHER TIERS: 0.25% Up to $50k

Avidia Bank Checking Account Rates

OTHER TIERS: 0.05% $25k+
0.03%--Value NOW Checking
0.03%--Senior Checking

Avidia Bank CD Rates

3.75%$1k-9 Month CD
3.05%$1k-12 Month CD
2.84%$1k-22 Month CD Special
2.84%$1k-Business 22 Month CD Special
2.53%$1k-18 Month CD
2.43%$1k-60 Month CD
2.33%$1k-48 Month CD
2.22%$1k-36 Month CD
2.02%$1k-30 Month CD
1.92%$1k-24 Month CD
1.11%$1k-6 Month CD
1.01%$1k-3 Month CD

Avidia Bank IRA Rates

3.05%$500-12 Month IRA
2.53%$500-18 Month IRA
2.43%$500-60 Month IRA
2.33%$500-48 Month IRA
2.22%$500-36 Month IRA
2.02%$500-30 Month IRA
1.92%$500-24 Month IRA

Cities: Clinton, Framingham, Hudson, Leominster, Marlborough, Northborough, Shrewsbury, Westborough

Clinton Branches
Clinton Branch1073 Main StreetClinton, MA 01510

Framingham Branches
Framingham Branch270 Cochituate RoadFramingham, MA 01701

Hudson Branches
Hudson Shopping Center Branch196 Washington StreetHudson, MA 01749
Avidia Bank42 Main StHudson, MA 01749
Hudson Loan Center Branch17 Pope StreetHudson, MA 01749

Leominster Branches
Leominster Branch470 Lancaster StreetLeominster, MA 01453

Marlborough Branches
Marlborough Branch256 Maple StreetMarlborough, MA 01752

Northborough Branches
Northborough Branch53 West Main StreetNorthborough, MA 01532

Shrewsbury Branches
Shrewsbury Branch23 Maple AvenueShrewsbury, MA 01545

Westborough Branches
Westborough Savings Bank Branch100 East Main StreetWestborough, MA 01581

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