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Bay State Savings Bank


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/14/2025
4.00%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/14/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/14/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/14/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/14/2025
4.31%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/14/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Overview / Commentary
www.baystatesavingsbank.com
508-890-9090
28 Franklin Street
Worcester, MA 01608

Bay State Savings Bank is headquartered in WORCESTER and is the 74th largest bank in the state of Massachusetts. It is also the 1,686th largest bank in the nation. It was established in 1895 and as of March of 2025, it had grown to 79 employees at 7 locations. Bay State Savings Bank's money market rates are 8X the national average, and it has an A health rating.

Reviews (1)

No Longer Nationwide

Posted by: |

I love this bank but they are no longer offering their accounts to people who live out of the area. Very disappointing!

2


Health
A

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #90311
Year Established1895
Employees79
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.26%
Return on Equity - YTD2.94%
Annual Interest Income$6.2MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$547.1MM$536.8MM
LoansQ1 2025vs Q1 2024$427.4MM$432.8MM
DepositsQ1 2025vs Q1 2024$488.2MM$481.3MM
Equity CapitalQ1 2025vs Q1 2024$48.9MM$44.6MM
Loan Loss AllowanceQ1 2025vs Q1 2024$4.3MM$4MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$2MM$2.9MM
Real Estate OwnedQ1 2025vs Q1 2024$192K$166K
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/14/2025
4.00%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/14/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/14/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/14/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/14/2025
4.31%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/14/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Rates
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Always verify rates and promotions with the bank or credit union. We are not Bay State Savings Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Bay State Savings Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$0-EZ Savings Account
0.05%$0-Banjie's Buddies Savings Account
0.05%$0-EZ Goal Savings

Bay State Savings Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.50%*$1m*-Revolution Money Market
OTHER TIERS: 0.20% → $0 - $1m
1.75%*$250k*-Commercial Tiered Money Market
OTHER TIERS: 0.40% → $0 - $25k | 0.60% → $25k - $125k | 1.25% → $125k - $250k
1.75%*$250k*-Consumer Tiered Money Market
OTHER TIERS: 0.40% → $0 - $25k | 0.60% → $25k - $125k | 1.25% → $125k - $250k

Bay State Savings Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*$0$1.5kEZ Relationship Rewards
OTHER TIERS: 0.01% → $1.5k+
0.02%$0-IOLTA Checking

Bay State Savings Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.95%$0-7 Month CD Special - New Money
3.75%$0-15 Month CD Special - New Money
3.50%$0-23 Month CD Special - New Money
3.25%$1k-36 Month CD
3.25%$1k-48 Month CD
3.25%$1k-60 Month CD
2.00%$1k-24 Month CD
1.50%$1k-18 Month CD
1.00%$1k-12 Month CD
0.75%$1k-6 Month CD
0.50%$5k-3 Month CD

Bay State Savings Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.95%$0-7 Month IRA Special - New Money - In Branch
3.75%$0-15 Month IRA Special - New Money - In Branch
3.50%$0-23 Month IRA Special - New Money - In Branch
3.25%$500-36 Month IRA
3.25%$500-48 Month IRA
3.25%$500-60 Month IRA
3.00%$0-IRA Savings - In Branch
2.00%$500-24 Month IRA
1.50%$500-18 Month IRA
1.00%$500-12 Month IRA
0.75%$500-6 Month IRA
0.50%$500-3 Month IRA
Locations


Bay State Savings Bank Locations
Minuteman Plaza Branch123 Auburn StreetAuburn, MA 01501
Mill Street Branch275 Mill StreetWorcester, MA 01602
Bay State Savings Bank28 Franklin StWorcester, MA 01608
Burncoat Street Branch374-378 Burncoat StreetWorcester, MA 01606
Holden Branch628 Main StreetHolden, MA 01520
Grafton Street Branch799 Grafton StreeetWorcester, MA 01608
Auburn High School Branch99 Auburn StreetAuburn, MA 01501

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