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
5/23 - Radius Bank Boosts High-Yield Savings Rate
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
Good Business Account
Recently switched from Wells to Radius. Great experience so far and the Tailored account is perfect for my business. I can make unlimited transactions each month without getting hit with fees and the account actually pays interest. Haven't had to deal with customer service yet but I am excited to keep using this bank - great mobile app and super easy to open.
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.
Very Disappointing
I wanted to move my account from WF to more modern bank that recognizes the changes to customer experience brought by ecommerce. It turns out Radius is not really an internet bank.
Opening an account with them was only thing that was easy. I had to contact them via internal messages to configure the most basic services, like online payments, etc. Each time it took 2-3 bus days to get it done.
The mobile app for depositing checks is very inconsistent. It works one day and doesn't work the next. Internal messaging is the only Customer Support method to get anything done. Phone support is horrible. The agent kept me on hold for 25 minutes, after which I was disconnected. He never called me back even though he took my number.
"Chat" is a fake as you can only get FAQ search. No human ever responded to my inquiries.
Time to move on.
Radius Bank Is A Complete Nightmare!
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!
Data as of Q2 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 32551 |
| Year Established | 1987 |
| Employees | 153 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.42% |
| Return on Equity - YTD | 4.62% |
| Annual Interest Income | $27.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $1.35B$1.24B |
| Loans | Q2 2019vs Q2 2018 | $969.7MM$882.5MM |
| Deposits | Q2 2019vs Q2 2018 | $1.14B$1.01B |
| Equity Capital | Q2 2019vs Q2 2018 | $123.6MM$111.8MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $7.4MM$7.0MM |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $12.9MM$10.2MM |
| Real Estate Owned | Q2 2019vs Q2 2018 | $0$0 |
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 | |
|---|---|---|---|---|---|
| 2.05%* | $25k* | - | 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
| 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 | |
|---|---|---|---|---|---|
| 1.20%* | $100k* | - | Rewards Checking | ||
| OTHER TIERS: 1.00% → $2.5k - $100k | |||||
| 0.75% | $10k | - | Tailored Checking | ||
| 0.50% | $2.5k | - | Superhero Checking | ||
Radius Bank CD Rates
| Radius Bank Locations | ||
|---|---|---|
| First Trade Union Bank | 1 Harbor St, Ste 102 | Boston, MA 02210 |