Radius Bank Launches New Cash Back, Interest-Bearing Checking Account
Online institution Radius Bank has announced the launch of a new checking account that gives customers a rare combination of cash back rewards on purchases and a solid interest rate. The new Rewards Checking stands out as one of the few checking accounts with these two features. Online firm Aspiration’s Spend & Save Account is one competitor, with both cash back rewards and a high-yield rate, but money is kept in two separate subaccounts. Radius’s offering lets customers enjoy both perks without moving any money. “We believe the Rewards Checking will resonate with the large number of consumers who are looking for a convenient, all-in-one digital checking product,” Chris Tremont, executive vice president of virtual banking at Radius Bank, said in a press release.