Bank5 Connect

79 North Main Street
Fall River, MA 02720

Bank5 Connect

2019 Overview

General Online Bank Information

Deposits FDIC Insured Yes
Insured Bank Fall River Five Cents Savings Bank
FDIC Certificate # 23286
Date Established 1855
Assets $1.05 billion
Loans $0.84 billion
Deposits $0.88 billion
Capital $0.09 billion
Money that you deposit is held by Fall River Five Cents Savings Bank. Fall River Five Cents Savings Bank is an FDIC insured institution founded in 1855. It has approximately $1.05 billion in assets.

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

Deposit Rates - October 21, 2019

Online Savings and Money Market Rates
Online Savings and Money Market Rates APY MIN MAX
Online CD Rates
Online CD Rates APY MIN MAX
Connect 6-Month CD
1.45% $500 - Learn MoreShow Less
Connect 12-Month CD
2.00% $500 - Learn MoreShow Less
Connect 18-Month CD
1.75% $500 - Learn MoreShow Less
Connect 21-Month CD
2.05% $500 $250,000 Learn MoreShow Less
Connect 24-Month Investment CD
2.10% $500 - Learn MoreShow Less
Connect 36-Month CD
2.30% $500 - Learn MoreShow Less

Customer Reviews for Bank5 Connect (9)

  • September 15, 2018 |

    Online Savings Rates

    I applied 5 days ago. I have perfect credit. Got a letter back saying that they were unable to verify my credit with Equifax. I have never dreamed of being rejected for a savings account and have nothing more to say (speechless).

  • July 21, 2018 |

    Online CDs 12 Month Rates

    This is not an online bank. It is a Massachusetts bank discriminating against Massachusetts residents by trying to offer higher rates to outsiders. But, their online capabilities are a joke. Please remove from the online table and return this to the Mass. table.

  • May 07, 2018 |

    Great rates on CD's, but a big pain in the --- to get through the account opening even when you are a existing customer.

  • April 28, 2018 | | Replies 1

    Online CDs 24 Month Rates

    The rate caught my attention. I see a 1-year early withdraw penalty on a 2-year CD. No go. Wouldn't touch. Good bye.

    JB Childress | Oct 21, 2019

    I read it as saying 6 months. What I see that is ridiculous is that I cannot open it because I live in Rhode Island. Massachusetts residents also excluded.

  • April 28, 2018 |

    Online CDs 24 Month Rates

    Have had a checking account with them for a few years and have been very happy. Have had a few issues with the mobile app, but luckily they've always been resolved fairly quickly. I've pretty much never had a hold time when I've called in either which is nice. Just opened the 24-month cd after seeing the rate. I hadn't even realized this is an add-on cd, so that was a nice added bonus. Looking forward to throwing even more money into this whenever I can!

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