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Envision Bank


Overview / Commentary
www.envisionbank.com
781-963-2100
129 North Main Street
Randolph, MA 02368

Envision Bank is headquartered in Randolph and is the 62nd largest bank in the state of Massachusetts. It is also the 1,205th largest bank in the nation. It was established in 1851 and as of December of 2019, it had grown to 210 employees at 6 locations. Envision Bank's savings rates are 35% higher than the national average, and it boasts an A+ health rating.

Related Posts

Envision Bank Now Offers Product Line Nationwide - 7/11/2019

Envision Bank now offers its Preferred Plus Money Market (2.35% APY), Savvy Savings (2.27% APY), and Envision Max Checking (2.55% APY) nationwide.

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Reviews (3)

Happy With Envision (And Randolph Savings Before)

Posted by: |

Account was compromised, as an unauthorized $500 ATM withdrawal was made. ATM card was replaced and stolen funds were returned promptly. Was dreading the process, but Envision made the experience a very pleasant surprise. Had been a happy Randolph Savings Bank customer for a number of years before the name changed. Mobile app isn't great, but as long as they offer their excellent Apex rewards checking account I'll remain a fan.

3

I Had Been Considering Becoming A RSB Customer

Posted by: |

I've been considering using Randolph Savings for a few days. I reached out to them via their email address this morning to find out more information. I found that their customer support was very responsive, a human responded within 3 minutes to my initial request. I was very impressed and I'm now planning to move my accounts based on that experience.

5

ACH Transfer Fee

Posted by: |

Be careful when opening account with Envision Bank.

Below are the ACH transfer fees:

Inbound ACH transfer fee: $0.00
Standard outbound ACH transfer fee: $3.00
Next day outbound ACH transfer fee: $4.00
Inbound ACH transfer limit: 5K/month

Opened savings account with Envision Bank couple months ago. Customer service was OK. ACH transfer limit is low and takes 3 business days to clear. Haven't withdrawn money for couple months. This week planned to withdraw money (not close account) and saw the outbound ACH transfer fees.

Updated 4/12/2020:
I requested to close the savings account by calling Envision Bank on 4/3/2020. I had to call back couple times the following days. Customer service associates told me they couldn't close the account and suggested me talk with their manager. I called the manager twice and finally talked to her. She confirmed the account was closed on 4/7/2020. I just logged into bank website today 4/12/2020, and account has not been closed as of today.

1


Health
A+

Data as of Q4 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #90270
Year Established1851
Employees210
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.54%
Return on Equity - YTD4.84%
Annual Interest Income$25.2MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$631.3MM$615.0MM
LoansQ4 2019vs Q4 2018$531.9MM$522.3MM
DepositsQ4 2019vs Q4 2018$503.2MM$447.9MM
Equity CapitalQ4 2019vs Q4 2018$72.9MM$67.0MM
Loan Loss AllowanceQ4 2019vs Q4 2018$4.3MM$4.4MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$3.3MM$3.7MM
Real Estate OwnedQ4 2019vs Q4 2018$0$65.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not Envision 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.

Envision Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.70%$25-Savvy Savings
0.05%$25-Statement Savings
0.05%$10-Holiday Club
0.05%$10-Business Statement Savings
0.05%$10-Vacation Club

Envision Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$100k*-Preferred Money Market
OTHER TIERS: 0.10% → $10 - $25k | 0.20% → $25k - $50k | 0.40% → $50k - $100k
0.25%*$100k*-Business Money Market
OTHER TIERS: 0.10% → $10 - $25k | 0.15% → $25k - $50k | 0.20% → $50k - $100k

Envision Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%*$25*$25kEnvision Max Checking
OTHER TIERS: 0.10% → $25k+
0.10%$25-Horizon 50+ Checking
0.10%$25-Envision Plus Checking

Envision Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%$2.5k-Envision Wellness - 6 Month CD
0.25%$1k-12 Month CD
0.25%$1k-18 Month CD
0.25%$1k-24 Month CD
0.25%$1k-36 Month CD
0.25%$1k-60 Month CD
0.25%$1k-48 Month CD

Envision Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%$500-Envision Wellness - 6 Month IRA
0.25%$500-36 Month IRA
0.25%$500-60 Month IRA
0.25%$500-12 Month IRA
0.25%$500-18 Month IRA
0.25%$500-24 Month IRA
0.25%$500-48 Month IRA
Locations


Envision Bank Locations
Randolph Savings Bank129 North Main StreetRandolph, MA 02368
Holbrook Branch50 South Franklin StreetHolbrook, MA 02343
Stoughton Branch87 Sharon StreetStoughton, MA 02072
Washington Street Stoughton Branch497 Washington StreetStoughton, MA 02072
Braintree BranchOne Rockdale StreetBraintree, MA 02184

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