Overview / Commentary
617-482-4000
1 Harbor St, Ste 102
Boston, MA 02210

Radius Bank, a leader in community banking, was founded in 1987 by the Massachusetts Carpenters Combined Pension and Annuity Funds (The Funds). In 2006, the Empire State Carpenters’ Pension Fund invested in the Bank as an equity partner. They are a growing institution that currently serves as the trusted advisor to a broad range of clients.

Related Posts

Radius Bank Ups High-Yield Savings Rate - 9/1/2018

Radius Bank has raised the top APY on its nationally available High-Yield Savings to 1.96% APY ($25k+). The other rate tiers remained unchanged.

Radius Bank Boosts High-Yield Savings Rate - 5/23/2018

Radius Bank raised the rate on its nationally available High-Yield Savings: 1.86% APY ($25k+), 1.50% APY ($2.5k+), and 0.05% APY ($10+). Min opening deposit is $100.

High Yield Savings, 1.86%, $25K+ - 5/22/2018

https://www.radiusbank.com/personal/savings

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This is the perfect online bank

I was once a member of a traditional bank but the hidden and monthly fees really annoyed me. Since I only needed a bank to deposit my wages into and take out as needed by means of a debit card, the traditional bank was a waste of money. While on Google, I came across Radius Bank. Wow! This bank is exactly what I need. They give you the option of how much you want to donate each month for their service and they stick by it. I haven't been charged one penny more than I should have. They supply a debit card that is attractive and easy to use. They offer the ability to purchase checks, but because I pay everything online, it was not necessary for me. The one and only time I had a question, I was able to quickly and easily connect to customer service and my problem was resolved in less than an hour.

Great online experience

I have been a customer of Radius bank for a couple of years now. Honestly, my point of using bank was only because I liked the savings account yield as compared to other banks, both brick and mortar and online. It has some of the highest savings account rates available today. As a virtual bank, my experience with customer service has been minimal. Once I signed up I got a notice of approval and an ATM card in the mail. Since then my interaction have been, well, entirely virtual. I have had no problems with any of my virtual interactions with the bank, if that counts as customer service. Only one negative I ever noticed and that was they limit how much you can put in at once as a new customer. So, if your purpose is to quickly move money to get a higher yield right away, you will have to wait sometime before significant money can be moved.

Customer Service Is A Joke

Opening an account was difficult and obtaining debit cards for myself and a joint account holder was frustrating as they claimed we were only to receive one card for the account listing only my name. It took multiple phone calls and weeks before this was straightened out. My initial opening deposit was not immediately credited to the account and took multiple phone calls to rectify. They claim the first order of checks is free but attempting to order them is nearly impossible. Messages to customer service tell you that you can order them on the web site. Attempting to order on the web site says to order them through the financial institution. I tried calling customer service at the number on their site and was told to call the bank, which I thought I had. After explaining this to the person and confirming I had called the bank's phone number I was told to call back during normal business hours. Since I had called during the hours listed on the contact page, I needed clarification as to what normal business hours were and was told Monday-Friday.

Radius...Just Say NO!

Gave them my $, they never sent me a bank card and now I don’t exist to them ??

VIEW MORE REVIEWS

Health
B+

Health Grade Components

Overall
FDIC Certificate #32551
Year Established1987
Employees156
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.01%
Return on Equity - YTD11.23%
Annual Interest Income$35.8MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$1.29B$1.10B
LoansQ3 2018vs Q3 2017$934.8MM$813.7MM
DepositsQ3 2018vs Q3 2017$1.12B$918.9MM
Equity CapitalQ3 2018vs Q3 2017$111.8MM$106.1MM
Loan Loss AllowanceQ3 2018vs Q3 2017$6.9MM$6.9MM
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$11.3MM$14.3MM
Real Estate OwnedQ3 2018vs Q3 2017$0$0
Rates

Rates for Radius Bank are currently being reviewed.

Locations


Radius Bank Locations
First Trade Union Bank1 Harbor St, Ste 102Boston, MA 02210

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.