Radius Bank
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.00% | Savings | Radius High-Yield Savings 1.00% - Ally Bank Online Savings Account |
| 0.90% | Checking | Radius Hybrid 0.13% - National Average |
| 1.00% | 5-year CD | 5 Year CD 1.85% - Synchrony Bank 60 Month 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
9/30 - High Yield Savings Rate Raised To 1.10% APY
1/30 - Get $50 With Radius Bank Checking With DD
7/8 - First Trade Union Bank Login Restriction = No E-Mail!
6/28 - First Trade Union Bank Launches Mobile Payment, Updates Checking Bonus
4/10 - First Trade Union Bank Updates Checking Account and Bonus
1/3 - New $100 Checking Account Bonus at First Trade Union Bank
8/4/09 - 3.25% 4-Year CD at First Trade Union Bank - Available Nationwide
3/26/09 - 2.75% 12-Month CD and Other Competitive CD Rates at First Trade Union Bank - Available Nationwide
2/18/09 - 3.00% 18-Month CD & 3.25% Internet Savings Account at First Trade Union Bank - Nationally Available
Opening My Radius Account Was EASY PEASY!
As opposed to poor Richard, my experience setting up my on-line account with Radius was delightful and easy! I provided the personal information that Radius required and the banking information for the transfer of funds to my new HIGH YIELD account. I think it took about 10 minutes to enter all the information and I was approved approximately 90 minutes later. The funds were transferred from my 'old' bank to Radius within 48 hours. The transfer would have been practically instantaneous if I had used my debit card, but my 'old' bank would not allow me transfer an excessive amount $$ via my debit card. Re: your comment concerning compounding interest daily vs. monthly... ONLY if you are funding an account in EXCESS of 6 figures, the DIFFERENCE in interest amount earned over the course of 365 days or 12 months would not buy you a cheeseburger. I am thrilled with the interest I will be earning on my deposit(s) with Radius since my 'old' big bank was paying me 3 tenths of 1% or on average 19 cents per month. And yes, I maintain in excess of $2500...
Radius Banking is Great!
In a modern era in which most Savings accounts barely deliver 0.10%, Radius Bank delivers. I have been with Radius for several months now and I think they are simple and fantastic. It is easy to check my balance online and there are absolutely no monthly fees! The reason I signed up with Radius Banking is that they have one of the highest APYs of any bank I have ever seen. I currently have a checking account that receives 0.95% interest as long as I have $2500.00 in my account. It is fantastic! I direct deposit my paycheck into this account and also have a custom debit card linked to the account. There are zero fees for my card or my account. This checking account has better interest rates than any savings account I have ever had! Radius is simple to join, simple to understand, and a fantastic deal! Everyone should join Radius Banking today!
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.
Nothing Works
Customer service does not know about anything, no second level support The account verification does not work. And when I tried to close my account, they (an online bank) asked me to send a letter. I would never give one cent to these guys. Be careful.
Data as of Q2 2016
Learn more about bank healthHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 32551 |
| Year Established | 1987 |
| Employees | 110 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.05% |
| Return on Equity - YTD | 0.63% |
| Annual Interest Income | $2.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2016vs Q2 2015 | $835.0MM$744.1MM |
| Loans | Q2 2016vs Q2 2015 | $668.3MM$618.2MM |
| Deposits | Q2 2016vs Q2 2015 | $690.7MM$581.9MM |
| Equity Capital | Q2 2016vs Q2 2015 | $71.8MM$60.7MM |
| Loan Loss Allowance | Q2 2016vs Q2 2015 | $200.00K$6.8MM |
| Unbacked Noncurrent Loans | Q2 2016vs Q2 2015 | $10.7MM$3.4MM |
| Real Estate Owned | Q2 2016vs Q2 2015 | $0$141.00K |
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 | |
|---|---|---|---|---|---|
| 1.00%* | $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 | ||
| 0.05% | $50 | - | Holiday Club | ||
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 | |
|---|---|---|---|---|---|
| 0.90%* | $2,500* | - | Radius Hybrid | ||
| OTHER TIERS: 0.00% → Up to $2,500 | |||||
| 0.01% | $1k | - | Radius Checking | ||
Radius Bank CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.60% | $500 | - | 3 Year CD | |
| 1.00% | $500 | - | 5 Year CD | |
| 0.75% | $500 | - | 4 Year CD | |
| 0.75% | $500 | - | 18 Month Jump-Up CD | |
| 0.50% | $500 | - | 2 1/2 Year CD | |
| 0.40% | $500 | - | 2 Year CD | |
| 0.35% | $500 | - | 18 Month CD | |
| 0.25% | $500 | - | 1 Year CD | |
| 0.25% | $500 | - | 13 Month CD | |
| 0.25% | $500 | - | 15 Month CD | |
| 0.25% | $500 | - | 15 Month Step-Up CD | |
| 0.20% | $1k | - | 6 Month CD | |
| 0.20% | $1k | - | 9 Month CD | |
| 0.15% | $1k | - | 3 Month CD | |
| 0.15% | $1k | - | 5 Month CD |
Radius Bank IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.60% | $500 | - | 3 Year IRA | |
| 1.00% | $500 | - | 5 Year IRA | |
| 0.75% | $500 | - | 18 Month Jump-Up IRA | |
| 0.75% | $500 | - | 4 Year IRA | |
| 0.50% | $500 | - | 2 1/2 Year IRA | |
| 0.40% | $500 | - | 2 Year IRA | |
| 0.35% | $500 | - | 18 Month IRA | |
| 0.25% | $500 | - | 1 Year IRA | |
| 0.25% | $500 | - | 15 Month Step-Up IRA | |
| 0.20% | $1k | - | 6 Month IRA |
| Radius Bank Locations | ||
|---|---|---|
| First Trade Union Bank | 1 Harbor St, Ste 102 | Boston, MA 02210 |
| Lakeville Rd Branch | 2020 Lakeville Rd | New Hyde Park, NY 11040 |