Randolph Savings Bank Offers Apex Checking In New England And Florida


Deal Summary: Apex Checking, 2.75% APY, up to $25k.

Availability: Residents of Connecticut, Florida, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont.

Randolph Savings Bank’s (RSB) Apex Checking currently earns 2.75% APY on qualifying balances up to $25k. Qualifying balances of $25k+ earn 0.01% APY, as do non-qualifying balances.

2.75*%$10$25kEnvision BankApex Checking
OTHER TIERS: 0.01% $25k+
Rates as of May 21, 2019.

Apex Checking Qualifying Requirements

  • Have at least ten debit card purchases.
  • Direct deposits totaling at least $2.5k.
  • Enroll in E-Statements.

The Apex Checking account requires a minimum deposit $10 to open. Unlimited foreign (i.e., non-RSB) ATM fees will be reimbursed, if monthly qualifying requirements are met. There is a $10 monthly service fee that may be waived.

To waive monthly service charge fee, account must have Minimum Account Balance of $2,500
or Relationship Deposit Balance of $25,000 or RSB Mortgage or RSB Home Equity Loan/Line.

Randolph Savings Bank, like all other Massachusetts banks, is a member of the Depositors Insurance Fund (DIF). The DIF is a private, industry-sponsored insurance fund that insures all deposits above Federal Deposit Insurance Corporation (FDIC) limits at Massachusetts-chartered savings banks. The DIF has been insuring deposits since 1934.

The combination of FDIC and DIF insurance provides customers of Massachusetts-chartered savings banks with full deposit insurance on all their deposit accounts. No depositor has ever lost a penny in a bank insured by both the FDIC and the DIF.


Headquartered in Randolph, Massachusetts, Randolph Savings Bank offers the Apex Checking account to U.S. citizens who live in Connecticut, Florida, Maine, Massachusetts, New Hampshire, Rhode Island, or Vermont.

Opening an Apex Checking account can be done online, or in person at any of six Massachusetts branches located in Andover, Holbrook, Randolph (2), and Stoughton (2). The Bank also has two Rhode Island branches in Coventry and Cranston.

The online application also states,

Resident aliens, Non-resident aliens, and minors may apply for an
account by contacting Randolph Savings Bank at 877-963-2100.

Bank Overview

Randolph Savings Bank has an overall health grade of "A+" at DepositAccounts.com, with a Texas Ratio of 3.02% (excellent), based on December 31, 2016 data. In the past year, RSB has increased its total non-brokered deposits by $50.17 million, an excellent annual growth rate of 16.11%. Please refer to our financial overview of Randolph Savings Bank (FDIC Certificate # 90270) for more details.

Randolph Savings Bank was established in 1851 and is currently Massachusetts’ 74th largest bank, with assets in excess of $481 million. A September 2015 RSB press release stated that,

Randolph Bancorp, the holding company of Randolph Savings Bank, announced today that it has entered into an agreement with First Eastern Bankshares Corporation to acquire it and its wholly-owned subsidiary First Federal Savings Bank of Boston, which operates a mortgage banking division doing business as First Eastern Mortgage. In addition to First Eastern’s eight mortgage loan production offices concentrated in Eastern Massachusetts and a loan operations center located in Andover, MA that currently services $700 million in mortgage loans, First Federal Savings Bank operates a retail banking office in downtown Boston.

How the Apex Checking Compares

When compared to the High Yield Reward Checking Accounts tracked by DepositAccounts.com that are available within the Bank’s market area and have maximum qualifying balances of at least $25k, Randolph Savings Bank’s Apex Checking APY currently ranks first.

The above rates are accurate as of 4/24/2017.

To look for the best Reward Checking Account rates, both nationwide and in your state, please refer to our High Yield Reward Checking Account rates table or our Rates Map page.

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Is there a minimum for POS debit card transaction?
Competitive Long-Term CD Rates at Randolph Savings Bank in MA & RI - Local Only

Randolph Savings Bank is offering several good deals on its CDs and IRA CDs. The most competitive is a 3.15% APY 60-month CD. The other ones include a 2.00% APY 30-month CD special and a 2.50% APY 48-month CD special with a bump option. For the bank's Rhode Island customers, there's a very competitive 10-month CD with a 1.50% APY. Minimum deposit is $1,000. These rates are listed in the bank's Rhode Island rate sheet and the Massachusetts rate sheet as of 7/23/2010.

The bank has an online application, but it...

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