2. Avidia Bank

Avidia Bank

Popular Accounts at this Bank

APYACCOUNT TYPEHOW THEY COMPARE
1.66%1-year CD
2.60% - Capital One 12 Month 360 CDAdvertisement
2.17%2-year CD
2.70% - Capital One 24 Month 360 CDAdvertisement
0.05%Checking
1.00% - nbkc bank Personal Account
View all Avidia Bank rates »

Overview / Commentary
www.avidiabank.com
978-562-2222
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.

Related Posts

2.79% APY 33-Month Add-On CD / 2.33% APY 55-Month Liquid CD (Framingham, MA Branch Only) - 5/5/2018

33 Month Add-On CD at 2.79% APY* Deposit a minimum of $1,000. Deposit funds at any time. There is no minimum for interim deposits. Maximum deposit amount in CD cannot exceed $250,000 55 Month Liquid CD at 2.33% APY** Deposit a minimum of $5,000. Withdraw money without penalty.^ Balance can drop below $5,000 after initial deposit. To open a new CD, please stop by our Framingham branch today! *Annual Percentage Yield (APY) of 2.79% is based on an interest rate of 2.75% and is effective April 21st, 2018. APY is subject to change without notice. Unless changes are made to your account during the 10 day grace period following maturity, the Certificate of Deposit (CD) will renew for a 36 month term at the, then, current rate. The minimum balance to obtain the APY is $1,000. Minimum deposit to open is $1,000 and a maximum per CD is $250,000. Additional deposits can be made during the term. There are no maintenance fees, however, a penalty of 16 months interest may be imposed for early wit

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Reviews (9)

Framingham Bank

Posted by: Dmoan | Jun 30, 2018

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

2

Great People, Totally Absurd Online Banking Experience

Posted by: William Young | Feb 19, 2016

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.

4

Avoid Avidia

Posted by: J_USA | Jan 24, 2018

The company takes a month or more to process HSA to HSA transfers, meanwhile fees are still collected during the stalled process.

3

Very Poor Experience

Posted by: rgriffith | Feb 15, 2018

My account was transferred to this service due to employer changing plans. Part of my money was sent back to my employer, part of my money is still at Avidia and when I do some accounting the numbers don't add up correctly. Avidia sent me a HSA credit card to pay for expenses. I tried to use the card at two doctors offices and Costco pharmacy. Even though the card is "active" according to support, the card came up invalid on all the systems. There is enough money in my account to cover the bill. Customer service finally told me I had to swipe my card and it wouldn't work via phone or web pay. On top of that, I was told it wouldn't work at Costco and I had to use it at Rite Aid or Walgreens. I still have several hundred dollars that are in limbo somewhere.

2
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Health
A

Data as of Q2 2018

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #90215
Year Established1869
Employees229
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.97%
Return on Equity - YTD9.67%
Annual Interest Income$32.8MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$1.56B$1.50B
LoansQ2 2018vs Q2 2017$1.20B$1.16B
DepositsQ2 2018vs Q2 2017$1.27B$1.03B
Equity CapitalQ2 2018vs Q2 2017$155.7MM$126.9MM
Loan Loss AllowanceQ2 2018vs Q2 2017$12.3MM$10.4MM
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$6.7MM$3.8MM
Real Estate OwnedQ2 2018vs Q2 2017$2.3MM$465.00K
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.45%*$50k*-Smart Savings Account
OTHER TIERS: 0.20% → Up to $10k | 0.25% → $10k - $25k | 0.35% → $25k - $50k
0.25%$10-Statement Holiday Club
0.25%*$20k*-Health Savings Account (HSA)
OTHER TIERS: 0.10% → Up to $2.5k | 0.15% → $2.5k - $20k

Avidia Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.85%*$100k*-Money Market Account
OTHER TIERS: 0.30% → Up to $10k | 0.45% → $10k - $50k | 0.60% → $50k - $100k
0.75%*$50k*-IRA Money Market Account
OTHER TIERS: 0.60% → Up to $50k

Avidia Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.66%*-$25kMax Checking
OTHER TIERS: 0.26% → $25k+
1.55%*-$25keChecking
OTHER TIERS: 0.35% → $25k+
0.08%*$50k*-The Most Account
OTHER TIERS: 0.03% → $25k - $50k
0.05%--Value NOW Checking
0.05%--Senior Checking

Avidia Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.63%$1k-60 Month CD
2.48%$1k-48 Month CD
2.28%$1k-36 Month CD
2.22%$1k-30 Month CD
2.17%$1k-24 Month CD
2.07%$1k-18 Month CD
1.66%$1k-12 Month CD
1.31%$1k-6 Month CD
0.90%$1k-3 Month CD

Avidia Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.79%$500-60 Month IRA
2.63%$500-48 Month IRA
2.43%$500-36 Month IRA
2.38%$500-30 Month IRA
2.33%$500-24 Month IRA
2.22%$500-18 Month IRA
1.82%$500-12 Month IRA
Locations


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 Branch221 Washington StreetHudson, MA 01749
Avidia Bank42 Main StreetHudson, 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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