Radius Bank Boosts High-Yield Savings Rate


Deal Summary: Radius High-Yield Savings, 1.86% APY ($25k+), 1.50% APY ($2.5k+), 0.05% APY ($10+).

Availability: Nationwide

Radius Bank (Radius) has recently restructured its Radius High-Yield Savings account, with increased APYs and new rate tiers: 1.86% APY ($25k+), 1.50% APY ($2.5k+), and 0.05% APY ($10+).

1.86*%$25k-Radius BankRadius High-Yield Savings
OTHER TIERS: 0.05% $10 - $2,500 | 1.50% $2,500 - $25k
Rates as of July 19, 2018.

In the past ten months, Radius has added a total of 86 bps to the High-Yield Savings top APY in five rate increases. While most of those increases were modest, keeping the account outside the upper echelons of savings accounts, this week’s addition of 36 bps has pushed the High-Yield Savings APY near the top of nationally available savings rates.

The minimum opening deposit also changed this week, going from $10 to $100. The account can be funded by an “U.S. checking or savings account or a debit card.” More details can be found on Radius’s High Yield Savings page.

The FAQs answers that all-important question, “Can I make External Transfers online?” Unfortunately, the transfer limits are low:

Yes. As a Radius Bank customer enrolled in Online Banking, you can make free internal and external transfers. This includes transferring money between your Radius Bank accounts, transferring money to other Radius Bank Online Banking account holders, transferring money from your Radius Bank account to accounts at other financial institutions, and transferring money from accounts at other financial institutions into your Radius Bank account. The standard daily limit for online external transfers is $5,000 incoming and $5,000 outgoing.

FYI – Radius’ FAQs page is one of the most complete and detailed documents I’ve seen in a long time.

Thanks to DA reader, solarado, for yesterday’s Forum post about the High-Yield Savings account.


Headquartered in Boston, Radius Bank offer its services and product line to all U.S. citizens and resident aliens, 18 years or older, who have a valid Social Security number or Individual Tax Identification number.

Accounts can be opened online or at the Seaport Financial Center on Harbor Street in Boston.

Bank Overview

Radius Bank has an overall health grade of "B+" at DepositAccounts.com, with a Texas Ratio of 9.52% (excellent) based on December 31, 2017 data. In the past year, Radius Bank has increased its total non-brokered deposits by $9.75 million, an above average annual growth rate of 1.5%. Please refer to our financial overview of Radius Bank (FDIC Certificate # 32551) for more details.

Originally established in 1987 as First Trade Union Savings Bank, FSB, Radius Bank is currently the 35th largest bank headquartered in Massachusetts, with assets in excess of $1.14 billion and more than 145,700 customer accounts. In October 2014, the Bank rebranded, as did its holding company, which is now known as Radius Bancorp.

The new Radius Bank name is reflective of the evolution taking place within the financial services industry, as consumers and businesses alike are increasingly seeking a banking partner that provides access to their accounts anytime, anywhere.

This week, the Bank unveiled its Radius Rewards program. According to a press release published yesterday,

The new program provides enhanced benefits such as increased transaction limits and cash back opportunities to incentivize loyal personal banking clients of Radius. Rather than having to sign up for the program, clients are automatically enrolled in Radius Rewards once they meet the eligibility requirements.


The Radius Rewards program is tiered into three levels based on criteria such as personal deposit balance and the longevity of the relationship clients have had with the Bank. At launch, this free rewards program focuses on two areas that provide incentives for using a Radius Bank personal checking or savings account more frequently. The plan is to continue to add to these rewards features over time.

How the Radius High-Yield Savings Compares

When compared to the 215 Savings Accounts tracked by DepositAccounts.com that are available nationwide, Radius Bank’s Radius High-Yield Savings APY currently ranks second, regardless of minimum balance requirement.

The above rates are accurate as of 5/23/2018.

To search for the best Savings account rates, both nationwide and state specific, please refer to our Savings Accounts Rates Table page.

Related Pages: Boston savings accounts, savings accounts, nationwide deals, Internet banks

ACH to low
ACH to low   |     |   Comment #1
Their ACH limits are to low to transfer money ($5K/day), it is a deal killer for many investors. Unless they do something about it, Radius bank will be for the mediocre users and temporary parking place.
Radius Bank Raises High Yield Savings Rate

UPDATE: 4/16/18 - Rate raised to 1.50% APY.

UPDATE: 8/10/17 - Rate raised to 1.20% APY.

Deal Summary: High Yield Savings, 1.20% 1.50% APY, $2.5k minimum

Availability: Nationally available

Last week, Radius Bank (Radius) became the latest bank to raise the rate on a nationally available liquid account. Radius’ High Yield Savings now earns 1.20% 1.50% APY on balances of $2.5k, with balances below $2.5k earning 0.05% APY.

In September 2015, Radius raised the High Yield Savings rate to 1.10% APY, and in doing so,...

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