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...

Radius Banking is Great!

Posted by: Zebo | Sep 6, 2016

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.


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 - YTD0.05%
Return on Equity - YTD0.63%
Annual Interest Income$2.7MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$835.0MM$744.1MM
LoansQ2 2016vs Q2 2015$668.3MM$618.2MM
DepositsQ2 2016vs Q2 2015$690.7MM$581.9MM
Equity CapitalQ2 2016vs Q2 2015$71.8MM$60.7MM
Loan Loss AllowanceQ2 2016vs Q2 2015$200.00K$6.8MM
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$10.7MM$3.4MM
Real Estate OwnedQ2 2016vs Q2 2015$0$141.00K
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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