Avidia Bank
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.41% | 1-year CD | 12 Month CD 2.30% - Ally Bank High Yield 12-Month CD |
| 1.92% | 2-year CD | 24 Month CD 2.50% - Capital One 24 Month 360 CD |
| 0.05% | Checking | Value NOW Checking 0.90% - nbkc bank Personal Account |
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.
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Framingham Bank
New bank they opened in Framingham looks great and customer service was great. There is ample parking and in a convenient location.
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.
Avoid Avidia
The company takes a month or more to process HSA to HSA transfers, meanwhile fees are still collected during the stalled process.
Very Poor Experience
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.
Data as of Q1 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 90215 |
| Year Established | 1869 |
| Employees | 227 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.98% |
| Return on Equity - YTD | 9.79% |
| Annual Interest Income | $16.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2018vs Q1 2017 | $1.53B$1.45B |
| Loans | Q1 2018vs Q1 2017 | $1.19B$1.13B |
| Deposits | Q1 2018vs Q1 2017 | $1.19B$995.4MM |
| Equity Capital | Q1 2018vs Q1 2017 | $152.9MM$124.2MM |
| Loan Loss Allowance | Q1 2018vs Q1 2017 | $12.1MM$10.1MM |
| Unbacked Noncurrent Loans | Q1 2018vs Q1 2017 | $2.7MM$5.0MM |
| Real Estate Owned | Q1 2018vs Q1 2017 | $780.00K$300.00K |
This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.
2.79% APY 33-Month Add-On CD / 2.33% APY 55-Month Liquid CD (Framingham, MA Branch Only)
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 withdrawal of principal. IRA accounts are not eligible for this promotional rate. CDs are business and consumer eligible. Offer may be withdrawn at any time.
**Annual Percentage Yield (APY) of 2.33% is based on an interest rate of 2.30% 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 60 month term at the, then, current rate. The minimum balance to obtain the APY is $1,000. Minimum deposit to open is $5,000 and a maximum per CD is $1,000,000. No maintenance fees. IRA accounts are not eligible for this promotional rate. CDs are business and consumer eligible. Offer may be withdrawn at any time. ^No penalty will be imposed for early withdrawal of principal after initial seven (7) days of term. CDs closed during initial seven day period will incur a seven day simple interest penalty.
https://www.avidiabank.com/cd-specials-0
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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.45%* | $50k* | - | Smart Savings Account | ||
| OTHER TIERS: 0.20% → Up to $10k | 0.25% → $10k - $25k | 0.35% → $25k - $50k | |||||
| 0.25% | - | - | Statement Holiday Club | ||
| 0.25%* | $20k* | - | Health Savings Account (HSA) | ||
| OTHER TIERS: 0.10% → Up to $2,500 | 0.15% → $2,500 - $20k | |||||
Avidia Bank Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.75%* | $100k* | - | Money Market Account | ||
| OTHER TIERS: 0.25% → Up to $10k | 0.40% → $10k - $50k | 0.50% → $50k - $100k | |||||
| 0.65%* | $50k* | - | IRA Money Market Account | ||
| OTHER TIERS: 0.50% → Up to $50k | |||||
Avidia Bank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.55%* | - | $25k | eChecking | ||
| 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.53% | $1k | - | 60 Month CD | |
| 2.22% | $1k | - | 48 Month CD | |
| 2.17% | $1k | - | 22 Month CD | |
| 2.02% | $1k | - | 36 Month CD | |
| 1.97% | $1k | - | 30 Month CD | |
| 1.92% | $1k | - | 24 Month CD | |
| 1.82% | $1k | - | 18 Month CD | |
| 1.41% | $1k | - | 12 Month CD | |
| 1.06% | $1k | - | 6 Month CD | |
| 0.65% | $1k | - | 3 Month CD |
Avidia Bank IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.69% | $500 | - | 60 Month IRA | |
| 2.38% | $500 | - | 48 Month IRA | |
| 2.17% | $500 | - | 36 Month IRA | |
| 2.12% | $500 | - | 30 Month IRA | |
| 2.07% | $500 | - | 24 Month IRA | |
| 1.97% | $500 | - | 18 Month IRA | |
| 1.56% | $500 | - | 12 Month IRA |
