BankFive

Overview / Commentary

www.bankfive.com

774-888-6100

79 North Main Street
Fall River, MA 02720

BankFive is headquartered in FALL RIVER and is the 29^th largest bank in the state of Massachusetts. It is also the 614^th largest bank in the nation. It was established in 1855 and as of June of 2024, it had grown to 200 employees at 17 locations. BankFive's money market rates are 9X the national average, and it has a B+ health rating.

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Health

B+

Data as of Q2 2024

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Health Grade Components

Overall
FDIC Certificate #	23286
Year Established	1855
Employees	200
Primary Regulator	FED

Profit Margin
Return on Assets - YTD	0.39%
Return on Equity - YTD	5.85%
Annual Interest Income	$40MM

Assets and Liabilities
Assets	Q2 2024vs Q2 2023	$1.86B$1.78B
Loans	Q2 2024vs Q2 2023	$1.44B$1.38B
Deposits	Q2 2024vs Q2 2023	$1.31B$1.29B
Equity Capital	Q2 2024vs Q2 2023	$123.5MM$113.5MM
Loan Loss Allowance	Q2 2024vs Q2 2023	$8.6MM$8.7MM
Unbacked Noncurrent Loans	Q2 2024vs Q2 2023	$3.2MM$801K
Real Estate Owned	Q2 2024vs Q2 2023	$0$0

Rates

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Savings
Money Market
Checking
CD
IRA

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Always verify rates and promotions with the bank or credit union. We are not BankFive; 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.

BankFive Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.60%	$10	-	eAccess Savings
0.10%	$10	-	Nickels Savings Account
0.05%	$100	-	Statement Savings
0.05%	$10	-	Student Savings
0.05%	$25	-	Lucky Piggy Savings

BankFive Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
3.89%	$25k	-	Accelerator Money Market
0.15%^*	$50k^*	-	Money Market Account
OTHER TIERS: 0.10% → $100 - $50k
0.15%^*	$25k^*	-	Business Money Market Account
OTHER TIERS: 0.05% → $10+ \| 0.10% → $1k+

BankFive Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
1.00%	$10	-	eAccess Checking
0.15%	$100	-	Relationship Checking
0.05%	$10	-	Basic Checking

BankFive CD Rates

APY	MIN	MAX	ACCOUNT NAME
4.25%	$5k	-	3 Month CD Special
4.00%	$5k	-	6 Month CD Special
3.75%	$50k	-	12 Month Add On CD Special
3.00%	$100	-	2 Year Add-On CD
2.75%	$500	-	11 Month CD
2.65%	$500	-	15 Month CD
2.50%	$500	-	6 Month CD
1.00%	$500	-	1 Year CD
0.90%	$500	-	4 Year CD
0.75%	$500	-	3 Year CD
0.65%	$500	-	5 Year CD
0.35%	$500	-	18 Month CD

BankFive IRA Rates

APY	MIN	MAX	ACCOUNT NAME
4.00%	$500	-	1 Year IRA - Branch Only
2.50%	$500	-	6 Month IRA - Branch Only
0.75%	$500	-	3 Year IRA - Branch Only
0.65%	$500	-	5 Year IRA - Branch Only
0.45%	$500	-	30 Month IRA - Branch Only
0.40%	$500	-	2 Year IRA - Branch Only
0.35%	$500	-	18 Month IRA - Branch Only

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