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BankFive


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/27/2025
4.54%
Our Rating
4.2  / 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
APY APY = Annual Percentage Yield Rates as of 4/27/2025
4.10%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/27/2025
3.70%
Our Rating
4.3  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/27/2025
3.80%
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms Apply. Member FDIC
Member FDIC
Bonus Amount
up to $300
Our Rating
4.3  / 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.bankfive.com
774-888-6100
79 North Main Street
Fall River, MA 02720

BankFive is headquartered in FALL RIVER and is the 30th largest bank in the state of Massachusetts. It is also the 626th largest bank in the nation. It was established in 1855 and as of December of 2024, it had grown to 199 employees at 18 locations. BankFive's CD rates are 4X the national average, and it has a B+ health rating.

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Health
B+

Data as of Q4 2024

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #23286
Year Established1855
Employees199
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.21%
Return on Equity - YTD3.15%
Annual Interest Income$81.9MM
Assets and Liabilities
AssetsQ4 2024vs Q4 2023$1.87B$1.81B
LoansQ4 2024vs Q4 2023$1.44B$1.42B
DepositsQ4 2024vs Q4 2023$1.35B$1.31B
Equity CapitalQ4 2024vs Q4 2023$122.1MM$119.5MM
Loan Loss AllowanceQ4 2024vs Q4 2023$9.1MM$8.6MM
Unbacked Noncurrent LoansQ4 2024vs Q4 2023$2.9MM$1.5MM
Real Estate OwnedQ4 2024vs Q4 2023$631K$0
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/27/2025
4.54%
Our Rating
4.2  / 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
APY APY = Annual Percentage Yield Rates as of 4/27/2025
4.10%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/27/2025
3.70%
Our Rating
4.3  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/27/2025
3.80%
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms Apply. Member FDIC
Member FDIC
Bonus Amount
up to $300
Our Rating
4.3  / 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
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

BankFive Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*$50k*-Money Market Account
OTHER TIERS: 0.10% → $100 - $50k
0.15%*$25k*-Business Money Market Account
OTHER TIERS: 0.05% → $10 - $1k | 0.10% → $1k - $25k

BankFive Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$10-eAccess Checking
0.15%$100-Relationship Checking
0.05%$10-Basic Checking

BankFive CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%$500-18 Month CD
3.75%$100-2 Year Add-On CD
3.75%$50k-12 Month Add On CD Special
3.25%$5k-3 Month CD Special
3.25%$5k-6 Month CD Special
2.50%$500-6 Month CD
2.50%$500-15 Month CD
1.00%$500-1 Year CD
1.00%$500-11 Month CD
0.90%$500-4 Year CD
0.75%$500-3 Year CD
0.65%$500-5 Year CD

BankFive IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.75%$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
Locations

Availability



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