2020 Overview
General Online Bank Information
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 $1.07 billion in assets.| Deposits FDIC Insured | Yes |
| Insured Bank | Fall River Five Cents Savings Bank |
| FDIC Certificate # | 23286 |
| Date Established | 1855 |
| Assets | $1.07 billion |
| Loans | $0.8 billion |
| Deposits | $0.92 billion |
| Capital | $0.09 billion |
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 - April 5, 2020
Online Savings and Money Market
Rates
| Online Savings and Money Market Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| High-Interest Savings
|
1.50% | $2,000 | - | Learn More |
Online CD Rates
| Online CD Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Connect 6-Month CD
|
0.75% | $500 | - | Learn More |
| Connect 12-Month CD
|
1.30% | $500 | - | Learn More |
| Compare with 1.75% APY 12 MONTH from Gateway First Bank | Advertiser Disclosure | ||||
| Compare with 1.75% APY 12 MONTH from Gateway First Bank | Advertiser Disclosure | ||||
| Compare with 1.85% APY 12 MONTH from Gateway First Bank | Advertiser Disclosure | ||||
| Compare with 1.85% APY 12 MONTH from Gateway First Bank | Advertiser Disclosure | ||||
| Connect 18-Month CD
|
1.05% | $500 | - | Learn More |
| Connect 21-Month CD
|
1.35% | $500 | - | Learn More |
| Connect 24-Month Investment CD
|
1.40% | $500 | - | Learn More |
| Connect 36-Month CD
|
1.40% | $500 | - | Learn More |
Customer Reviews for Bank5 Connect (9)
Timothy E
September 15, 2018 |
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).
Is this review helpful? Yes:1 / No: 0
Cannot recommend
July 21, 2018 |
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.
Is this review helpful? Yes:1 / No: 0
Tumo
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.
Is this review helpful? Yes:6 / No: 0
Jeff
April 28, 2018 | | Replies 1
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.
Is this review helpful? Yes:0 / No: 0
JB Childress | Apr 05, 2020
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.
Eldaberry
April 28, 2018 |
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!
Is this review helpful? Yes:1 / No: 0
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