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...

Highly Satisfied with Radius Bank

Posted by: sab1202 | Jun 23, 2015

I have had accounts with Radius for several months now and I must say that it is among the best banking experiences I've ever had. It's extremely easy to set up your accounts online, and they don't have any pesky account maintenance fees for checking. Their website and mobile banking app are very useful for making changes, transfers, or for checking account balances instantly and accurately. The customer service is great as well. The employees are all very friendly, courteous, and always willing to help you out and answer your questions in detail. They also make it very easy to withdraw money from ATMS with no fees of their own. This way, I can readily access cash from my checking account even when I'm away from the Boston area. The local appeal of this bank is something I really appreciate too. I would highly recommend this bank to my friends, family, and everyone in general.

Advertised One Rate, Paying Another

Posted by: jojojojo | Apr 14, 2016

When i was researching high-interest savings accounts, Radius was advertised @ 1.10%. As soon as I signed up, it dropped down to 1.01%. Was that a type on their end?

Webpage is a bit confusing. When i contacted customer service to find out how to modify or cancel future automatic transfers, they didn't know how. Another rep told me that I couldn't cancel automatic transfers unless I closed the account. That same rep also asked me for my SSN# via the chat, I don't think they're supposed to ask that.

Will be researching other banks for better rates and service.


The interest rate that's offered initially looks great. But once you get through the cumbersome registration process, aspects become not so great.

First, interest is compounded monthly, not daily as other competitive online banks do. The registration process isn't instantaneous.The bank makes you wait a few days as it processes your external initial deposit before you can get your account. It then never remembers the external bank you used to fund your account and you have to setup and reverify that external bank a second time all over again.

Once registered online, you find out the maximum daily external transfer amount in or out for the first 90 days is only $5,000. After that period of time it's not much more. When calling them to complain about this limit, they tell you it's for security purposes and to use wire transfer (at additional fee) if you want to fund your account with more money, or use your external bank's transfer process assuming they can transfer in higher amounts.

Totally ridiculous, as this severely limits easy access to your money, both in transferring in and out. No thanks. I'm closing this account as fast as possible.

p.s. If you want to close your account, you can't do it online or immediately over the phone. You have to request closure over the phone where they'll instruct you to write a letter making this request with your signature. Then they might close the account and cut a check by mail for the remaining balance. If that doesn't take the cake, I don't know what does.



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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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

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