Radius Bank Becomes First Bank to Offer a Savings Account Within NerdWallet’s Mobile App
BOSTON – December 05, 2019
Radius Bank, a forward-thinking digital bank, today announced its partnership with NerdWallet, the leading personal finance website and app, to offer Radius High-Interest Savings, an online high-interest savings account available directly to consumers through the NerdWallet mobile app. This partnership is the first of its kind for NerdWallet, with Radius being the only bank partner to integrate account opening directly with its technology, allowing users to easily apply for a new account without leaving the NerdWallet app.
Upon completion of the online application through NerdWallet, Radius Bank account holders will receive an annual percentage yield (APY) on all balances, no monthly fees and a complimentary ATM card.(1) They will also gain access to Radius Bank’s online banking portal and mobile app for additional features and functionalities to improve their financial health, including access to its marketplace offerings and Money Management Academy.
“We have long admired NerdWallet’s rigor and success in offering the tools and honest advice that people need to make intelligent decisions about their finances,” said Mike Butler, President and CEO of Radius Bank. “We’re excited to launch this partnership that makes applying for and opening an account within the NerdWallet app easier than ever.”
Utilizing the Bank’s open API technology created with Treasury Prime, this partnership represents a continued commitment to technology infrastructure and comes on the heels of Radius’ other fintech partnerships this year, including industry leaders like Brex, MaxMyInterest, Wallit, NorthOne, Stackin’ and more. By seamlessly integrating with other service providers, Radius can focus on providing a best-in-class customer experience by bringing banking directly to where customers expect it.
To open a Radius High-Interest Savings account, download the NerdWallet app and search the “market” for “banks accounts”.
To learn more about Radius and its strategic partnerships, visit http://radiusbank.com/company/partnerships/.
About Radius Bank
With assets of approximately $1.4 billion, Radius Bank is a forward-thinking digital bank committed to providing a full complement of accounts and services to meet the banking needs of consumers and businesses nationwide. Radius provides the product depth of a national brand, the technology of a fintech, and the personalized attention typically reserved for a local bank to consumers, small and middle market businesses, unions, government entities and non-profit organizations. The Bank’s award-winning digital banking platform allows consumer clients to bank from anywhere with a computer or mobile device and provides convenient features such as check deposit, bill pay, card management, and a personal financial management dashboard. Business clients enjoy a wide array of award-winning deposit products, advanced treasury management services, and loan and payment solutions. In addition, Radius’ suite of open APIs deliver a robust banking-as-a-service (BaaS) platform for fintechs to quickly access core banking features and build best-in-class financial solutions. Radius specializes in partnering with forward-thinking fintechs to provide white-label deposit products, cards, digital onboarding, and account management. Radius Bank is a member of the Federal Deposit Insurance Corporation and is an Equal Housing/Equal Opportunity Lender. For further information, visit the Bank’s website at radiusbank.com, or follow the Bank on Twitter, LinkedIn, Facebook, and Instagram.
NerdWallet is on a mission to provide clarity for all of life’s financial decisions. As a personal finance website and app, NerdWallet provides consumers with personalized, unbiased and actionable insights so they can make smart money moves. From finding the best credit card to buying a house to investing their next dollar, and more, NerdWallet is there to help consumers make financial decisions with confidence. Consumers have free access to our expert content and comparison shopping marketplaces, plus a data-driven membership experience, which helps them stay on top of their finances, and save them time and money, giving them the freedom to do more. For more information, visit NerdWallet.com.
(1) Annual Percentage Yield (APY) accurate as of 12/5/2019. Minimum amount to open a High-Interest Savings account is $50.00. Upon the following qualifications, Radius Bank will credit the client’s High-Interest Savings account with $75.00 when client maintains a minimum average daily balance of $5,000.00 in the first full calendar month, following the month in which the deposit account was opened. Bonus eligibility is determined based on the average daily balance, not the daily minimum balance.