Bank5 Connect

Bank5 Connect

79 North Main Street
MA 02720

Deposit Rates APY Vs.Others
Savings 0.55% 0.95% →
1-Year CD 0.50% 1.01% →
2-Year CD 0.60% 0.95% →
3-Year CD 0.65% 1.21% →
4-Year CD N.A. 1.26% →
5-Year CD N.A. 1.30% →

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 $1.11 billion in assets.

Deposits FDIC Insured Yes
Insured Bank Fall River Five Cents Savings Bank
FDIC Certificate # 23286
Date Established 1855
Assets $1.11 billion
Loans $0.88 billion
Deposits $0.94 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 - October 27, 2020

Online Savings and Money Market Rates
Online Savings and Money Market Rates APY MIN MAX
High-Interest Savings
0.55% $2,000 - Learn More
Online CD Rates
Online CD Rates APY MIN MAX
Connect 6-Month CD
0.45% $500 - Learn More
Connect 12-Month CD
0.50% $500 - Learn More
Connect 18-Month CD
0.55% $500 - Learn More
Connect 24-Month Investment CD
0.60% $500 - Learn More
Connect 36-Month CD
0.65% $500 - Learn More

Customer Reviews for Bank5 Connect (10)

  • June 27, 2020

    Online CDs 12 Month Rates

    Agree with "Cannot recommend", this is a bricks and mortar bank with a very limited online presence.

  • 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 27, 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.

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