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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 Raises High Yield Savings Rate - 7/17/2017

Radius Bank has raised the rate on its High Yield Savings account, with balances of $2.5k+ earning 1.15% APY; balances less than $2.5k earn 0.05 % APY.

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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.

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.

Worst Bank Every

This is why bankers get a bad name is because of banks like this. They have no customer service and they never heard of the saying pleasing your customer. Be warn if you open an account with these thieves you want be able to cancel unless you hand write a letter why you want to close the account and then they wait thirty days and charge you fees in the mean time.

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Health
B+

Health Grade Components

Overall
FDIC Certificate #32551
Year Established1987
Employees152
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.19%
Return on Equity - YTD2.01%
Annual Interest Income$41.1MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$1.14B$946.5MM
LoansQ4 2017vs Q4 2016$788.9MM$791.6MM
DepositsQ4 2017vs Q4 2016$954.4MM$754.6MM
Equity CapitalQ4 2017vs Q4 2016$106.8MM$90.9MM
Loan Loss AllowanceQ4 2017vs Q4 2016$6.6MM$2.8MM
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$10.8MM$9.2MM
Real Estate OwnedQ4 2017vs Q4 2016$0$306.00K
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
1.50%*$2,500*-Radius High-Yield Savings
OTHER TIERS: 0.05% $10 - $2,500
0.05%$50-Union Advantage Savings
0.05%$50-Statement Savings
0.05%$50-Passbook 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
0.85%$2,500-Radius Hybrid
0.01%$1k-Radius Checking

Radius Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW 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
Locations


Radius Bank Locations
First Trade Union Bank1 Harbor St, Ste 102Boston, MA 02210
Lakeville Rd Branch2020 Lakeville RdNew Hyde Park, NY 11040

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