Radius Bank


1 Harbor St, Ste 102
Boston, MA 02210
See all branch locations →

Radius Bank
Notable Rates APY Vs.Others
Savings N.A. 0.66% →
1-Year CD 0.50% 0.71% →
2-Year CD 0.50% 0.81% →
5-Year CD 0.50% 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Radius Bank is an FDIC insured institution located in Boston, MA. It was founded in 1987 and has approximately $2.19 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 32551
Date Established 1987
Assets $ 2.19 billion
Loans $ 1,778.84 million
Deposits $ 1,431.05 million
Capital $ 130.28 million

For a more detailed analysis of Radius Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - February 27, 2021

Your Current Location: Connecticut, CT 06828

6 Month CD
0.25% $1,000 - Learn More
9 Month CD
0.25% $1,000 - Learn More
1 Year CD
0.50% $500 - Learn More
18 Month CD
0.50% $500 - Learn More
2 Year CD
0.50% $500 - Learn More
3 Year CD
0.50% $500 - Learn More
4 Year CD
0.50% $500 - Learn More
5 Year CD
0.50% $500 - Learn More

Int Checking Rates APY MIN MAX
Radius Rewards Checking
0.10% $2,500 - Learn MoreShow Less
Radius Rewards Checking
0.15% $100,000 - Learn MoreShow Less
Checking Rates APY MIN FEE
Essential Checking 0.00% $0 $9.00 Learn MoreShow Less

Bank Online Offers

Radius Bank raises High Yield Savings Rate to 1.96% on Balances over $25,000
Aug 31, 2018

Radius Bank has raised its high yield savings rate on balances over $25,000 from 1.86% to 1.96%.   Compare all online savings rates here.


Loan Rates - February 27, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Radius Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Connecticut 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Points Fees Monthly
Learn More
NMLS ID: 2890
License#: 13256
2.945% 2.875% 0.88 $2,245 $1,038 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR
2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to Radius Bank
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Radius Bank Locations

Financial Details

Radius Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Radius Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Radius Bank U.S. Bank Average
10.85% 6.14%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of September 30, 2020, Radius Bank had $15,527,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $130,277,000 in equity and $12,803,000 in loans loss reserves. That gives it a Texas Ratio of 10.85%.

Return on Equity
Radius Bank U.S. Bank Average
4.51% 9.23%

Radius Bank has a Return on Equity of 4.51% versus the BestCashCow average of 9.23%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Radius Bank U.S. Bank Average
5.96% 12.07%

Radius Bank has a Capitalization of 5.96% versus the BestCashCow average of 12.07. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Radius Bank Balance Sheet Analysis

As of September 30, 2020, Radius Bank had assets of $2,186,558,000, loans of $1,778,839,000, and deposits of $1,431,046,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

September 30, 2020
Cash & Balances due from depository institutions $ 79.32 million
Interest-bearing balances $ 76.59 million
Total securities $ 266.48 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,778.84 million
Loan loss allowance $ 12.80 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 4.57 million
All other assets $ 55.22 million
     Total Assets $ 2.06 billion
Total deposits $ 1,431.05 million
      Interest-bearing deposits $ 1,327.87 million
      Deposits held in domestic offices $ 1,431.05 million
      % insured (estimated) 52.71%
Federal funds purchased and repurchase agreements $ 6.62 million
Trading liabilities N.A.
Other borrowed funds $ 592.80 million
Subordinated debt N.A.
All other liabilities $ 25.82 million
      Total Liabilities $ 2.06 billion
      Shareholders’ Equity $ 130.28 million

Summary Income Statement

September 30, 2020
Total Interest Income $ 46.64 million
Total Interest Expense $ 8.21 million
Net interest income $ 38.43 million
Provision for loan and lease losses $ 6.27 million
Total non interest income $ 11.23 million
Total non interest expense $ 38.04 million
Pre-tax Net Operating Income $ 5.36 million

Bank Loan Profile?

The top three loan types in Radius Bank’s loan portfolio are Commercial and Industrial Loans, Commercial Real Estate, and 1-4 Family Residential Loans.

Compared to other banks in Massachusetts, Radius Bank has a significantly higher percent of Commercial and Industrial Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 9.84
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 1.88
Construction and Development Loans 2.82
Commercial Real Estate 13.08
Commercial and Industrial Loans 43.73
Farm Loans 0.00

Frequently Asked Questions About Radius Bank

Branches and Savings

Is Radius Bank FDIC insured?

Yes. It is covered under FDIC Certificate #32551.

Why does Radius Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Radius Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Radius Bank a commercial bank?


Where are Radius Bank locations?

See branch locations nearby.

Is Radius Bank open on Saturdays?

Is Radius Bank open on Sundays?

What time does Radius Bank open?

What time does Radius Bank close?

Are Radius Bank ATMs Open 24/7?

Do Radius Bank ATMs accept cash deposits?

Can Radius Bank customers use other ATMs?

Do Radius Bank branches have notaries?

Will Radius Bank notarize my document?

What address for Radius Bank should I put for incoming ACH transfers?

Will the Radius Bank branch print checks?

Do Radius Bank checks expire?

Does Radius Bank require US citizenship to open account?

Can Radius Bank close my account?

Does Radius Bank Report to credit bureaus?

Does Radius Bank Use Equifax?

What is Radius Bank's ACH Routing Number?

What is Radius Bank's SWIFT code?


Does Radius Bank offer mortgages?

Compare mortgage rates here.

Does Radius Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Radius Bank offer personal loans?

Compare personal loan rates here.

Does Radius Bank offer student loans?

Will Radius Bank cash a check?

Will Radius Bank redeem a savings bond?

Does Radius Bank cash savings bonds?

Will Radius Bank cash money orders?

Can Radius Bank issue a money order?

Does Radius Bank do currency exchange?

Background on The Bank

Who owns Radius Bank?

How long has Radius Bank been around?

Can Radius Bank transfer to other banks?

Does Radius Bank have quick pay?

Does Radius Bank accept rolled coins?

Will Radius Bank accept loose change?

Where is Radius Bank headquarters?

Customer Reviews for Radius Bank

  • December 13, 2016 |

    Online Savings Rates

    This was formerly First Trade Union bank. Use Ally, Barclays, Synchrony or some bank that provides a certain level of service.

  • April 06, 2016

    Online Savings Rates

    Nice of them to keep lowering the rate by .04 at a time.

  • March 17, 2016

    Savings Rates

    I had the same problem as Jason. The reason for my rejection was there were more than 2 hard pulls on my credit and that automatically results in a rejection. You have to wait 3 days for the system to clear before reapplying again.

  • March 16, 2016

    Savings Rates

    Avoid this one at all costs. Only after filling out all of your information and clicking submit do you discover that they are doing a hard credit pull on you, and then a day later you are going to get rejected for a savings account on the grounds that some two-bit credit agency couldn't match you with their records. Save yourself the time and the trouble. Avoid, avoid, avoid.

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*Should any logos, images or public notes appear on this page,they do so courtesy of Radius Bank and are not subject to approval of BestCashCow. BestCashCow expressly disclaims all responsibility for this content.