Bank5 Connect

Deposits held and insured by BankFive

Eligibility Requirements | Locations (Online) | Receive alerts for this bank

TODAY'S FEATURED RATES

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.31%

Our Rating

4.0 / 5

Vio Bank

Cornerstone Money Market

See Offer

Sponsored Note: Interest is compounded daily, growing your money fast

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Overview / Commentary

www.bank5connect.com

1-855-55BANK5

79 North Main Street
Fall River, MA 02720

Deposits held and insured by BankFive

Reviews (2)

Write a Review

A Very Good Bank

Posted by: sandicharles | Dec 23, 2024

I recommend Bank5connect to any level of depositor. After varying experiences with other banks, I have found BANK5connect to be consistently clear about banking processes and very responsive to customer inquiries. This is a bank with very good rates, an intuitive website for users and a human approsch to customers.

Comment

A Great Experience

Posted by: BRBOB | Sep 13, 2023

I had no problems opening an account with Bank5. It took 3 or 4 days, but that's the norm now since the government has put pressure on banks to deter money laundering. The bank did everything I asked, and the best part is they provide unlimited insurance above FDIC limits.
I've dealt with many other banks, and Bank5 rates in the top two or three in satisfaction.
And, no, I'm not an employee.

Health

B+

Data as of Q1 2025

Data displayed below is for insuring bank: BankFive

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	23286
Year Established	1855
Employees	204
Primary Regulator	FED

Profit Margin
Return on Assets - YTD	-0.06%
Return on Equity - YTD	-0.97%
Annual Interest Income	$20.1MM

Assets and Liabilities
Assets	Q1 2025vs Q1 2024	$1.89B$1.83B
Loans	Q1 2025vs Q1 2024	$1.44B$1.43B
Deposits	Q1 2025vs Q1 2024	$1.36B$1.33B
Equity Capital	Q1 2025vs Q1 2024	$124.7MM$120.8MM
Loan Loss Allowance	Q1 2025vs Q1 2024	$9.2MM$8.5MM
Unbacked Noncurrent Loans	Q1 2025vs Q1 2024	$3.5MM$1.6MM
Real Estate Owned	Q1 2025vs Q1 2024	$13K$0

TODAY'S FEATURED RATES

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.31%

Our Rating

4.0 / 5

Vio Bank

Cornerstone Money Market

See Offer

Sponsored Note: Interest is compounded daily, growing your money fast

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Rates

Skip to rates for:

Savings
Money Market
Checking
CD

Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Bank5 Connect; we are a rate comparison website and cannot provide official rates or promotions.

Bank5 Connect Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
4.05%	$25k	-	Jumbo Savings
1.50%	$100	-	Connect Savings

Bank5 Connect Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
3.03%	$100	$1m	Connect Money Market

Bank5 Connect Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
2.00%	$100	-	High-Interest Checking (Connect Checking)

Bank5 Connect CD Rates

APY	MIN	MAX	ACCOUNT NAME
4.40%	$500	-	6 Month CD
4.15%	$500	-	18 Month CD
4.00%	$500	-	3 Month CD
3.95%	$500	-	12 Month CD
3.95%	$500	-	24 Month Investment CD
3.95%	$500	-	15 Month CD
3.20%	$500	-	21 Month CD
0.85%	$500	-	36 Month CD

Locations

Bank5 Connect is an Internet only bank and does not have branch locations. Its headquarters is located at 79 North Main Street - Fall River, MA 02720

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.