Bank5 Connect
79 North Main Street
Fall River, MA 02720
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 | |
|---|---|---|---|---|
| Connect Savings
|
1.90% | $10 | - | Learn More |
Online CD Rates
| Online CD Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Connect 6-Month CD
|
1.45% | $500 | - | Learn More |
| Connect 12-Month CD
|
2.00% | $500 | - | Learn More |
| Connect 18-Month CD
|
1.75% | $500 | - | Learn More |
| Connect 21-Month CD
|
2.05% | $500 | $250,000 | Learn More |
| Connect 24-Month Investment CD
|
2.10% | $500 | - | Learn More |
| Connect 36-Month CD
|
2.30% | $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 | 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.
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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