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.

Questionable Integrity

Avidia Bank manages Healthcare Savings Accounts (HSA). After talking with their VP of Operations, they admitted that their internal policy is to deny valid HSA payments even though they, as the bank, do not have any responsibility to validate or verify the legitimacy of HSA payments. Of course, the responsibility for that lies with the account holder, not the bank. Avidia, by policy, keeps clients money and makes them take additional, time consuming, steps to get your money.



Health Grade Components

FDIC Certificate #90215
Year Established1869
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.59%
Return on Equity - YTD7.57%
Annual Interest Income$29.8MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$2.65B$2.58B
LoansQ1 2024vs Q1 2023$2.13B$2.01B
DepositsQ1 2024vs Q1 2023$2.01B$1.94B
Equity CapitalQ1 2024vs Q1 2023$206.1MM$188.2MM
Loan Loss AllowanceQ1 2024vs Q1 2023$21.2MM$20.1MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$3.9MM$3MM
Real Estate OwnedQ1 2024vs Q1 2023$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

3.87%$5k-High Yield Savings Account - New Money
0.30%$0-Smart Savings Account
0.30%$0-Adventure Savings
0.15%$10-Statement Holiday Club
0.07%*$20k*-Health Savings Account (HSA)
OTHER TIERS: 0.03% $0 - $2.5k | 0.05% $2.5k - $20k

Avidia Bank Money Market Rates

1.51%*$1m*-Premier Plus Money Market
OTHER TIERS: 0.75% $0 - $50k | 0.95% $50k - $1m
1.01%*$1m*-Premier Money Market
OTHER TIERS: 0.30% $0 - $10k | 0.50% $10k - $50k | 0.75% $50k - $1m
0.75%*$50k*-IRA Money Market Account
OTHER TIERS: 0.50% $0 - $50k

Avidia Bank Checking Account Rates

0.10%$25k-Premier Plus Checking
0.03%$0-Senior Checking
0.03%$0-First Checking

Avidia Bank CD Rates

4.76%$1k-12 Month CD Special
4.76%$1k-Business 12 Month CD Special
4.50%$1k-18 Month CD
4.50%$1k-9 Month CD Special
4.50%$1k-Business 9 Month CD Special
4.50%$1k-7 Month CD Special
4.50%$1k-Business 7 Month CD Special
4.50%$1k-8 Month CD Special
4.50%$1k-Business 8 Month CD Special
4.50%$1k-10 Month CD Special
4.50%$1k-Business 10 Month CD Special
4.50%$1k-11 Month CD Special
4.50%$1k-Business 11 Month CD Special
4.50%$1k-Business 18 Month CD
4.18%$1k-24 Month CD
4.18%$1k-Business 24 Month CD
4.08%$1k-30 Month Bump Up CD
4.08%$1k-Business 30 Month Bump CD
3.98%$1k-36 Month CD
3.98%$1k-Business 36 Month CD
3.92%$1k-48 Month CD
3.92%$1k-Business 48 Month CD
3.82%$1k-60 Month CD
3.82%$1k-Business 60 Month CD
3.75%$1k-9 Month CD
3.00%$1k-6 Month CD
3.00%$1k-Business 6 Month CD
2.50%$1k-3 Month CD
2.50%$1k-Business 3 Month CD

Avidia Bank IRA Rates

4.76%$500-12 Month IRA Special
4.50%$500-18 Month IRA
4.18%$500-24 Month IRA
4.08%$500-30 Month Bump Up IRA
3.98%$500-36 Month IRA
3.92%$500-48 Month IRA
3.82%$500-60 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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