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finder.com’s rating: 3.9 / 5.0
★★★★★
The Radius Bank High-Yield Savings account offers no monthly maintenance fees and you’ll earn a higher interest rate the more you keep in your savings account. But with only one Boston-area bank branch, expect to do all of your banking online and over the phone.
Up to 0.25%
APY
$0
Fee
$100
Minimum deposit to open
APY | 0.25% on balances of $25,000+ 0.15% on balances of $2,500 to $24,999.99 0.05% on balances of $10 to $2,499.99 |
---|---|
Fee | $0 |
Minimum deposit to open | $100 |
Minimum balance to earn interest | $2,500 |
Interest compounding | Daily |
Go to site More Info |
Review by
Heather Petty is a writer at Finder specializing in banking, investments and insurance. She's a self-proclaimed word nerd who worked as a technical writer and editor for the casino systems industry and is an internationally published young adult mystery author. Heather earned a bachelor’s degree in English from the University of Nevada, Reno.
If you’re comfortable with online-only banking for your savings account, the Radius Bank High-Yield Savings account offers minimal fees and limitations that you may find at other banks.
But its highest rate is at 0.25%, which is not as high as what you’ll find at other banks. Plus, you’ll need to keep a balance of $25,000 or more to earn the rate.
Open a Radius Bank High-Yield Savings account in six steps:
You must meet the following requirements to sign up for a Tailored Checking account:
When you’re ready to apply, have the following information on hand:
We gathered a quick comparison of similar accounts to help you decide if Radius Bank High-Yield Savings is right for you. For more options, select “Compare accounts” to compare even more savings accounts.
Radius Bank High-Yield Savings
★★★★★
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Fee $0 |
APY
|
Minimum deposit to open $100 |
Minimum balance to earn interest $2,500 |
American Express® High Yield Savings
★★★★★
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Fee $0 |
APY 0.50% |
Minimum deposit to open $0 |
Minimum balance to earn interest $1 |
Aspiration Spend & Save Account
★★★★★
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Fee $0 per month or $15 per month for Aspiration Plus ($12.50 per month if you pay annually) |
APY
|
Minimum deposit to open $10 |
Minimum balance to earn interest $0 |
Compare even more savings accounts
The Radius Bank High-Yield Savings account offers a mobile app with custom alerts along with the following perks:
Before you apply for an account with Radius Bank, keep the following in mind:
If you want a high-yield savings account that doesn’t require a high balance, you’ll want to keep looking. As always, compare your options when considering a savings account.
You have several options to deposit and withdraw your money with Radius Bank:
High-Yield Savings is currently the only savings account offered by Radius, but the following personal checking options are available:
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
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