Our pick for a Radius product: Radius Bank Rewards Checking
Deposit to Open
- Early direct deposit
- Up to 0.15% interest
- 1% cash back on purchases
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Calling itself an online-focused community bank, Radius offers personal and business accounts that include credit cards and CDs, contributing to its success as one of the fastest-growing banks in Massachusetts as of 2017.
If you don’t mind banking online or through an app, you might find it’s a better fit than many big-name competitors. Holding more than $1.3 billion in assets, Radius is a certified equal housing lender and FDIC insured.
Radius is a digital bank with online and mobile banking platforms that make it easy to manage your money, send money to friends and family and pay for goods and services on the go. Other benefits include:
Like other digital-only banks, Radius won’t offer the in-person support you might be used to at a local branch. It supports only one brick-and-mortar location in Boston, among other potential drawbacks:
Get help from Radius Bank‘s support team online or by phone:
The digital-only Radius Bank offers a wide selection of personal and business banking products with low fees and competitive rates that often beat competitors. But many accounts require high balance requirements to land advertised APYs.
Keep more of your money in your own pockets by learning more about banking and investing to find the best fit for your goals and lifestyle.
Radius Bank CDs earn 1.85% APY on 36 months with a minimum $500 deposit.
Interest-bearing Radius Bank Tailored Checking helps grow your small business with unlimited transactions.
Online-only Radius Bank Superhero Checking lets you earn donations to charity.
Online-only Radius Bank Rewards Checking lets you earn cash back on everyday purchases.
Radius Bank High-Yield Savings offers high interest if you can maintain a high balance.
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