Overview / Commentary
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 Boosts High-Yield Savings Rate - 5/23/2018

Radius Bank raised the rate on its nationally available High-Yield Savings: 1.86% APY ($25k+), 1.50% APY ($2.5k+), and 0.05% APY ($10+). Min opening deposit is $100.

High Yield Savings, 1.86%, $25K+ - 5/22/2018

https://www.radiusbank.com/personal/savings

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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.

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.

Beware - Bad Customer Service

Posted by: aacree | Jun 26, 2018

Tried to open an account and they closed my accounts without notifying me. After I had already switched my direct deposit over. Now I can't get the situation resolved at all with their Customer Service. Stay far away from Radius.

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Health
B+

Health Grade Components

Overall
FDIC Certificate #32551
Year Established1987
Employees154
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.5%
Return on Equity - YTD5.37%
Annual Interest Income$11.1MM
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$1.15B$973.0MM
LoansQ1 2018vs Q1 2017$845.3MM$824.9MM
DepositsQ1 2018vs Q1 2017$970.8MM$784.2MM
Equity CapitalQ1 2018vs Q1 2017$106.0MM$91.8MM
Loan Loss AllowanceQ1 2018vs Q1 2017$6.6MM$3.3MM
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$10.6MM$15.9MM
Real Estate OwnedQ1 2018vs Q1 2017$0$223.00K
  User-submitted Promotions & Notices

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.

High Yield Savings, 1.86%, $25K+

solarado   |  
https://www.radiusbank.com/personal/savings

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
1.86%*$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

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

Radius Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.20%*$100k*-Radius Hybrid
OTHER TIERS: 0.85% $2,500 - $100k
0.75%$10k-Tailored Checking
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

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact feedback@depositaccounts.com to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.