Featured Savings Rates
Featured Accounts

Bay State Savings Bank

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
2.01%Reward CheckingKasasa Cash
1.00%Reward SavingsKasasa Saver
1.40%5-year CD60 Month CD

Overview / Commentary
508-890-9000
28 Franklin Street
Worcester, MA 01608

Bay State Savings Bank is headquartered in Worcester and is the 85th largest bank in the state of Massachusetts. It is also the 1,795th largest bank in the nation. It was established in 1895 and as of March of 2016, it had grown to 63 employees at 8 locations. Bay State Savings Bank has a B+ health rating.

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Bay State Savings Bank Has Competitive IRA CD and Reward Checking - 4/13/2016

Bay State Savings Bank has a nationally available Kasasa Cash account (2.01% APY, up to $20k). Also offering a 3-year IRA CD Special (1.75% APY) with a minimum deposit of $500.

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Health
B+

Health Grade Components

Overall
FDIC Certificate #90311
Year Established1895
Employees63
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.32%
Return on Equity - YTD3.65%
Annual Interest Income$3.5MM
Assets and Liabilities
AssetsQ1 2016vs Q1 2015$376.3MM$352.7MM
LoansQ1 2016vs Q1 2015$312.6MM$297.0MM
DepositsQ1 2016vs Q1 2015$293.0MM$261.5MM
Equity CapitalQ1 2016vs Q1 2015$32.8MM$31.4MM
Loan Loss AllowanceQ1 2016vs Q1 2015$3.7MM$3.0MM
Unbacked Noncurrent LoansQ1 2016vs Q1 2015$6.3MM$5.1MM
Real Estate OwnedQ1 2016vs Q1 2015$215.00K$23.00K
Rates
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* 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
1.00%*-$50kKasasa Saver
OTHER TIERS: 0.25% $50k+
0.30%*$75k*$250kGold Rewards Savings Account
OTHER TIERS: 0.10% Any amount | 0.20% $25k - $75k
0.15%--Basic Savings Account
0.15%--Smart Saver Account
0.15%--Holiday Club
0.15%--Regular Savings Account

Bay State Savings Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$75k*$250keMoney Market Account
OTHER TIERS: 0.15% Any amount | 0.20% $10k - $75k
0.15%*$25k*$500kBay State Bank Money Market
OTHER TIERS: 0.10% Up to $25k
0.15%*$500*-Minuteman Money Manager
OTHER TIERS: 0.10% Up to $500

Bay State Savings Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.01%*-$20kKasasa Cash
OTHER TIERS: 0.25% $20k+
0.10%--IOLTA Checking

Bay State Savings Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%$1k-48 Month CD
1.40%$1k-60 Month CD
0.90%$1k-36 Month CD
0.70%$1k-24 Month CD
0.50%$1k-18 Month CD
0.40%$1k-12 Month CD
0.25%$1k-6 Month CD
0.20%$5k-3 Month CD

Bay State Savings Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%$500-48 Month IRA
1.10%$500-60 Month IRA
0.90%$500-36 Month IRA
0.70%$500-24 Month IRA
0.50%$500-18 Month IRA
0.40%$500-12 Month IRA
0.25%$500-6 Month IRA
0.20%$500-3 Month IRA
Locations


Bay State Savings Bank Locations
Minuteman Plaza Branch123 Auburn StreetAuburn, MA 01501
Eastern Avenue Branch2 Eastern AvenueWorcester, MA 01608
Mill Street Branch275 Mill StreetWorcester, MA 01602
Bay State Savings Bank28 Franklin StreetWorcester, 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