Radius Bank


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

High Yield Savings APY Drops To 1.65% From 2.00% - 11/6/2019

Highest rate was previously 2%. Now, per https://radiusbank.com/personal/high-yield-savings/ 1.65% APY on balances of $25K+ 1.25% APY on balances of $2,500-$24,999.99 That's a 0.35% cut--more than the recent 0.25% fed rate trim, and under the upper fed rate target range of 1.75%, so that's no good... And I haven't received an e-mail from the bank as a heads up that this is happening, so, that's pretty no bueno too...

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Great Online Bank

Posted by: |

Good customer service. No monthly fees. Mobile app is great and paying in checks through mobile app is easy. Good
Job radius. Thanks for being a great online bank!

I Love My Rewards Checking Account

I have been a Radius Bank customer for about 6 months now and I love them! I opened a Rewards Checking account after hearing about them from a friend. Although I have a few checking accounts, Rewards Checking has become my primary one since I get cash back on almost all my purchases. I haven’t had any problems with my account and their mobile app is very easy to use and helps me manage my money. I would recommend this bank to any one. Overall I am very impressed.

Decent Savings Rates For $25K+ And Good Service

Posted by: |

I've been a customer for a couple of years and have been happy with their service. If you have a balance over $25,000, the rates are competitive. However today, 11/5/19, the top rate was decreased to 1.65% APY. So, it was a good run but I'll be moving my money to a higher paying account. Hopefully, rates will go back up soon and I'll return money to my Radius online savings account.

By Far The Worst Financial Institution I’Ve Ever Dealt With

Posted by: |

Words can not describe how much stress and turmoil this bank has given me. I’ve maintained a balance of over 50k on average. Unfortunately, I have lost my card and my card was used fraudulently. Radius Bank does not follow regular Regulation E procedures regarding unauthorized transactions. They declined my disputes with no valid reason. I had to make a complaint with the OCC. When I asked to have this matter escalated they decided to close my account while holding over 7,000.00 worth of my funds. There was no reason to hold money that is certified and been on the account. Customer service is awful and their policies are so backwards. I’d rather just deal with a big bank. Working with this bank has been a nightmare. They have broke so many policies. There is no zero fraud liability with this bank as well. Awful awful awful bank

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Health

Health Grade Components

Overall
FDIC Certificate #32551
Year Established1987
Employees146
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.47%
Return on Equity - YTD5.11%
Annual Interest Income$55.0MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$1.39B$1.26B
LoansQ4 2019vs Q4 2018$1.07B$934.2MM
DepositsQ4 2019vs Q4 2018$1.19B$1.10B
Equity CapitalQ4 2019vs Q4 2018$123.8MM$115.6MM
Loan Loss AllowanceQ4 2019vs Q4 2018$8.3MM$7.6MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$9.0MM$11.2MM
Real Estate OwnedQ4 2019vs Q4 2018$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$25k*-High-Yield Savings
OTHER TIERS: 0.05% $10 - $2.5k | 0.15% $2.5k - $25k
0.05%$50-Union Advantage Savings
0.05%$50-Statement Savings

Radius Bank Money Market Rates

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

Radius Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*$100k*-Rewards Checking
OTHER TIERS: 0.10% $2.5k - $100k
0.10%$5k-Tailored Checking
0.05%$2.5k-Superhero Checking

Radius Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$500-1 Year CD
0.50%$500-18 Month CD
0.50%$500-2 Year CD
0.50%$500-3 Year CD
0.50%$500-4 Year CD
0.50%$500-5 Year CD
0.25%$1k-3 Month CD
0.25%$1k-6 Month CD
0.25%$1k-9 Month CD
Locations


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

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