Radius Bank Review

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I get asked all the time for online checking and savings account recommendations and Radius Bank offers one of the best I’ve found.

Radius Hybrid is a free high-interest checking account that combines the high-interest earning of savings with the flexibility of a checking account and is FDIC insured.

While there are some online savings accounts that offer a higher rate of return than Radius, I’ve never seen a checking account with as high a return that offers all of the great features of Radius Bank.

It’s definitely worth checking out this bank.

Radius Bank High Interest Checking

Here are some of the benefits of their High Interest Checking Account that will help you make more money on the money you keep in your checking account.

Higher Returns

Most checking accounts offer close to a 0% return, but Radius Bank’s high interest checking account functions more like a savings account and offers a 0.15% APY on balances of $100,000 and up, and 0.10% APY on balances of $2500 to $99,999.

This return never expires and there are no caps on the amount of money you have saved that can get this return. Many banks will change their rates after an introductory period or limit the amount of money that can get the interest rate. Not Radius Bank.

It’s Completely Free

Yes, there are no account fees ever for anything.

Many bank accounts have hidden fees, but not Radius, who offer the checking account completely free with only a $100 opening balance. You also get access to a ton of free ATMs around the world.

I don’t know about you but over the years I’ve lost a lot of money to stupid bank and ATM fees, so it’s refreshing that Radius Bank truly lets you bank for free, which means less worry and more money in your pocket.

Radius Bank’s Online & Mobile Experience

Another great feature of this high yield checking account is that you can do everything online or through the Radius Mobile app.

The Radius Bank mobile app is one of the best mobile banking apps I’ve used – it’s so simple and has a ton of great features.

With Radius Bank, you can:

  • Deposit checks
  • Set up direct deposits
  • Pay your friends or family easily on your phone
  • Use your favorite mobile wallet
  • Track your net-worth and link external accounts
  • Create a budget
  • Protect your account

Radius Card App

You can also download the Radius Card app so that you can remotely disable your Radius Bank debit card from the mobile app if you lose it or it gets stolen.

Over the past few years I’ve had my wallet stolen twice and would have loved a simple feature like this to cancel my cards.

Radius Bank Features & Highlights

Too many people leave their money on the sidelines in a checking or savings account that generates a terrible investment return.

Don’t be one of them.

Here’s a summary of the Radius Bank High Yield Checking Features:

  • Earns up to 0.15% APY
  • Free ATMs Worldwide
  • No Monthly Maintenance Fees
  • No Minimum Balance Requirements
  • Free Online & Mobile Banking
  • Mobile Check Deposit
  • Personal Financial Management Tools
  • P2P Payments
  • Use with Mobile Wallets

Check out Radius Bank if you are looking for a completely free online high interest checking account with awesome features. You can open an account in less than 5 minutes.

My Radius Bank Video Review

Check out this video to hear more about my experience with Radius Bank.

Radius Bank Checking Account Review

Additional Disclosures: Millennial Money has partnered with CardRatings and creditcards.com for our coverage of credit card products. Millennial Money, CardRatings and creditcards.com may receive a commission from card issuers. This site does not include all financial companies or financial offers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.

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  • Comment Author image blank Thomas says:

    I’m very pleased with Radius Bank’s APY. I started with Aspiration Summit checking (managed by Radius) with 1% APY with balances over $20,000. This month, Aspiration notified me that they their contract with Radius is up and that my account will soon be converted into a branded Radius checking account now with 1.15% APY.

    I strongly recommend checking out Radius Bank for yourself! Make sure to watch the Video at the top of Grants article.

    Here’s the note they sent:

    New Radius Features
    CHAMPION CHECKING ACCOUNT

    Earn 1.15% APY on your entire balance when you keep $20,000 or more — up from 1.00% APY!

    Radius has always been the service provider behind your Summit Account and will continue to do so by maintaining the seamless banking experience you enjoy, while keeping your money safe with no interruptions. Additionally, with this change, Radius will be providing new features that were not available to you before.

    Your Summit Account will now be known as Champion Checking, and beginning Monday, July 23, you will need to access your account through Radius Bank.

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