Featured Savings Rates
Featured Accounts

Radius Bank

Popular Accounts at this Bank

1.00%SavingsRadius High-Yield Savings
0.90%CheckingRadius Hybrid
1.00%5-year CD5 Year CD

Overview / Commentary
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 Boost The Rate On High Yield Savings - 10/2/2015

Radius Bank has raised the rate on its High Yield Savings (1.10% APY on balances of $2.5K+). This account is nationally available and can be opened online.

High Yield Savings Rate Raised To 1.10% APY - 9/30/2015

Radius Bank High Yield Savings is now earning 1.10% APY on balances of $2,500+. https://www.radiusbank.com/personal/savings

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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...

Good banking

Posted by: rello23 | Jan 25, 2016

Radius bank is one of the best banks I have had the pleasure of doing business with. A few months ago I started work at a steel mill and needed to find a bank to get my checks direct deposited to. I came across Radius Bank and decided to give them a try. The online process was fast and easy. and most of their accounts were free I really liked that I did not have to pay for a account. I have not had any problems to date with this bank all in all this has been the best experience with any bank. I told my sister about Radius Bank and she opened up a account with them last month, and she is as pleased with them as I am. I would recommend Radius Bank to anyone who appreciates good customer service and quality banking.

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.

Worst Bank I've Dealt With. Terrible Customer Service!

One of the most incompetent banks I've ever dealt with. Ever!

Oh your ATM card was stolen? Ok, we'll get you a new one in 7-10 business days. Until then, you're screwed. No, we can't expedite it.

Oh you moved? And you've notified us of your move and updated your profile on our website? Too bad. We're still going to decline all your transactions weeks later because even though you have an email confirmation from us proving your profile was updated and even though you see your updated address on our website, we still don't believe that you actually moved.

Oh you want to talk to a manager? One will get back to you.....in a few days.....maybe.

Do Not Bank with these idiots.



Health Grade Components

FDIC Certificate #32551
Year Established1987
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.29%
Return on Equity - YTD3.62%
Annual Interest Income$7.0MM
Assets and Liabilities
AssetsQ1 2016vs Q1 2015$790.1MM$722.3MM
LoansQ1 2016vs Q1 2015$640.9MM$600.8MM
DepositsQ1 2016vs Q1 2015$655.4MM$540.5MM
Equity CapitalQ1 2016vs Q1 2015$63.7MM$60.1MM
Loan Loss AllowanceQ1 2016vs Q1 2015$7.1MM$6.5MM
Unbacked Noncurrent LoansQ1 2016vs Q1 2015$7.3MM$3.6MM
Real Estate OwnedQ1 2016vs Q1 2015$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Radius Bank Savings Account Rates

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

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

Radius Bank Checking Account Rates

0.90%*$2,500*-Radius Hybrid
OTHER TIERS: 0.00% Up to $2,500
0.01%$1k-Radius Checking

Radius Bank CD Rates

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

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 Bank1 Harbor St, Ste 102Boston, MA 02210
Lakeville Rd Branch2020 Lakeville RdNew Hyde Park, NY 11040