News Formal

Radius Bank review: Cash-back checking, no monthly fees - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 64 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

If you can maintain a $2,500 balance in checking and savings, then Radius could be a good fit

$1,000 minimum deposit for terms under 1 year, $500 minimum deposit for terms of 1 year or moreOnly open 1-year, 18-month, and 3-year CDs online; others must be in person

Early withdrawal penalties are as follows: 3 months simple interest for 3-month and 6-month terms, 180 days interest for 9 month terms, 365 days interest for terms of 1 year or more$500 minimum deposit for longer terms$1,000 minimum deposit for shorter termsStandard-to-high early withdrawal penalties

You can open 1-year, 18-month, and 3-year CDs online, but you must open CDs with other term lengths at Radius' one branch in Boston, Massachussetts.Radius pays higher rates on CDs than many brick-and-mortar banks, but you can still find higher rates at other online banks. Radius also compounds interest monthly for most CDs, and only quarterly for 5-year terms. Most online banks will compound your interest daily.

The bank's mobile app has received mostly positive reviews. It has 4.5 out of 5 stars in the Apple store, and 4.3 out of 5 stars in the Google Play store. You can speak with a live representative either on the phone or via online chat. Both options are available Monday through Friday, 8:30 a.m. to 12:00 a.m. ET, or weekends from 8:00 a.m. to 8:00 p.m. ET.Because its cash-back checking account is Radius' best product, we've compared the bank to two other banks with cash-back debit accounts: Discover and Axos.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Inside McDonald's whirlwind week and how brands are using TikTok - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Bill Gates-sponsored battery producer QuantumScape to join 'blank-check' IPO frenzy - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Bank of America sees 45% upside in S&P 500 over the next decade - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Mr. Lykourezos? Hope they go out of business for supporting BLM. No Lives Matter unless All Lives Matter.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Insider Transportation: EV startups take a new road to public markets - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »