Overview / Commentary
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


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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.

Radius Bank

I've been a customer of radius online bank for a couple of years now. The best thing about it is the high interest compared to brick and mortar banks. The interest rate is a little higher then other online banks. I believe it is near the top of interest earned of banks. I do not have a lot of experience with the customer service as I have never had any problem that would warrant contact. I guess saying that is a good thing. All my bank transfers have been done in the normally expected time. The one thing I did not like is there seems to be a wait period before you can transfer much money. I understand this is for security reasons but if you want to transfer from a lower interest savings it can take quite a while. Also, the withdrawals are limited which can be a problem if you need to make a big purchase as it is slower to get your money out.

Radius Bank Is A Complete Nightmare!

Posted by: Dawnzlite | Oct 2, 2018

I opened a checking account a fews months ago and set up direct deposit. I tried to use my debit card at a local retailer and was declined. I went home to check my account on line and there was no transactions listed so I started a live chat with the bank only to find out that they had put a lock on my account but could not give me any explanation other than I would receive a letter in the mail explaining and then the Customer Service Supervisor, Ali, ended the chat. I never received the letter and for the next 6 days called the bank and started live chats and when they could not explain the reason for the lock on my account they would just end the chat or hang up on me. Not one person ever returned my call. The reps would not give their full names, would not give the names of anyone in management & would not let me speak to anyone in management. They said their management did not speak to customers! WHAT KIND OF BANK WILL NOT GIVE YOU THE NAMES OF THEIR MANAGEMENT TEAM AND WHAT KIND OF BANK HAS MANAGEMENT THAT WONT SPEAK TO THEIR CUSTOMERS?? I finally had to file a formal complaint against them. I have yet to be advised of the reason for locking my account and since filing the complaint they have said that they are closing my account and mailing me a check. End of conversation and they hang up on you! I have never in my life experienced anything like this! What kind of company operates like this? Not one that wants to stay in business! Completly absurd! T his bank needs to be put out of business! Worst experience ever!



Health Grade Components

FDIC Certificate #32551
Year Established1987
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.31%
Return on Equity - YTD14.26%
Annual Interest Income$23.1MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$1.24B$1.02B
LoansQ2 2018vs Q2 2017$882.5MM$850.2MM
DepositsQ2 2018vs Q2 2017$1.01B$855.4MM
Equity CapitalQ2 2018vs Q2 2017$111.8MM$92.6MM
Loan Loss AllowanceQ2 2018vs Q2 2017$7.0MM$4.8MM
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$10.2MM$17.8MM
Real Estate OwnedQ2 2018vs Q2 2017$0$223.00K
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Always verify rates and promotions with the bank or credit union. We are not Radius 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.

Radius Bank Savings Account Rates

1.96%*$25k*-Radius High-Yield Savings
OTHER TIERS: 0.05% $10 - $2.5k | 1.50% $2.5k - $25k
0.05%$50-Union Advantage Savings
0.05%$50-Statement Savings

Radius Bank Money Market Rates

0.10%*$10k*-Retail Money Market
OTHER TIERS: 0.05% $10 - $10k

Radius Bank Checking Account Rates

1.20%*$100k*-Radius Hybrid
OTHER TIERS: 0.85% $2.5k - $100k
0.75%$10k-Tailored Checking
0.01%$1k-Radius Checking

Radius Bank CD Rates

2.20%$500-5 Year CD
1.95%$500-4 Year CD
1.85%$500-3 Year CD
1.70%$500-2 Year CD
1.60%$500-18 Month CD
1.55%$500-1 Year CD
1.25%$1k-9 Month CD
0.95%$1k-6 Month CD
0.85%$1k-3 Month CD

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

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