Radius Bank
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.86% | Savings | Radius High-Yield Savings |
| 0.85% | Checking | Radius Hybrid 0.90% - nbkc bank Personal Account |
| 2.20% | 5-year CD | 5 Year CD 2.85% - Barclays 60 Month Online CD |
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
5/22 - High Yield Savings, 1.86%, $25K+
2/28 - Radius Bank Hybrid Checking Account Offering 0.90% APY
9/30 - High Yield Savings Rate Raised To 1.10% APY
1/30 - Get $50 With Radius Bank Checking With DD
7/8/13 - First Trade Union Bank Login Restriction = No E-Mail!
6/28/13 - First Trade Union Bank Launches Mobile Payment, Updates Checking Bonus
4/10/13 - First Trade Union Bank Updates Checking Account and Bonus
1/3/13 - New $100 Checking Account Bonus at First Trade Union Bank
6/29/12 - $100 Checking Account Bonus at First Trade Union Bank
10/17/11 - Checking Bonus & Other Deals at First Trade Union Savings
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.
Radiusbank.com cheap and you get what you don't pay for.
I use radius bank which is connected to one of my other checking accounts. The bank's customer service is really bad. Sometimes I would wait up to thirty minutes on a chat program to be told at the end that there are no customer service representatives available. This is really very frustrating and I couldn't stand it. I get angry thinking about it. Their prime draw is that they have a relatively high interest rate compared to most big banks. It's about 1 percent. They also don't have ATM fees. Overall they are just okay and I am looking for alternatives. It's frustrating that nowadays there isn't a decent online bank that gives a high interest rate, no atm fees, or refunds on ATM fees and has decent customer service.
Good for no ATM fees / refunds but not much else
I use radius bank because they offer no atm fees. They refund atm fees of out of network atms. That's the best part of this bank. The worst part is the customer service. They have a chat link on their website. I would often wait twenty minutes in a line and then they'd send a message that there are no customer service representatives available to help and it would end. So I don't like that at all. When I do get customer service it works alright. I needed to reset my password. I got locked out because I didn't remember the password. I try to keep it as difficult as possible so that no one can enter it. Especially after the equifax breach this is important to me. But I got locked out from my account and needed to contact customer service. And I basically couldn't get a hold of them, so that was not good.
Data as of Q1 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 32551 |
| Year Established | 1987 |
| Employees | 154 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.5% |
| Return on Equity - YTD | 5.37% |
| Annual Interest Income | $11.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2018vs Q1 2017 | $1.15B$973.0MM |
| Loans | Q1 2018vs Q1 2017 | $845.3MM$824.9MM |
| Deposits | Q1 2018vs Q1 2017 | $970.8MM$784.2MM |
| Equity Capital | Q1 2018vs Q1 2017 | $106.0MM$91.8MM |
| Loan Loss Allowance | Q1 2018vs Q1 2017 | $6.6MM$3.3MM |
| Unbacked Noncurrent Loans | Q1 2018vs Q1 2017 | $10.6MM$15.9MM |
| Real Estate Owned | Q1 2018vs Q1 2017 | $0$223.00K |
This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.
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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.86%* | $25k* | - | Radius High-Yield Savings | ||
| OTHER TIERS: 0.05% → $10 - $2,500 | 1.50% → $2,500 - $25k | |||||
| 0.05% | $50 | - | Union Advantage Savings | ||
| 0.05% | $50 | - | Statement Savings | ||
Radius Bank Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.10%* | $10k* | - | Retail Money Market | ||
| OTHER TIERS: 0.05% → $10 - $10k | |||||
Radius Bank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.85%* | $2,500* | - | Radius Hybrid | ||
| OTHER TIERS: 0.00% → Up to $2,500 | |||||
| 0.75% | $10k | - | Tailored Checking | ||
| 0.01% | $1k | - | Radius Checking | ||
Radius Bank CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 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 Bank | 1 Harbor St, Ste 102 | Boston, MA 02210 |