Overview / Commentary
28 Franklin Street
Worcester, MA 01608

Bay State Savings Bank is headquartered in Worcester and is the 81st largest bank in the state of Massachusetts. It is also the 1,669th largest bank in the nation. It was established in 1895 and as of June of 2018, it had grown to 71 employees at 7 locations. Bay State Savings Bank's money market rates are 3X the national average, and it has an A health rating.

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Reviews (2)

Mortgage Department .....Mark Sanguinetti

In general, I find loan originators and loan officers have "can't do" attitudes and are far too cautious and require hours of chasing paper work. After some attempts to refinance my mortgage on my home and getting no where, I finally spoke with Mark Sanguinetti at Bay State Bank in Worcester, MA. We had conversation before I started the paper work and came up with an understanding of what was expected of me. His words were upheld with no " I need one more thing" routine. He is a man of his word with no nonsense. You can find him at 1-800-244-8161 and is readily available to contact without first going to voice mail.
I give Mark five stars.

48 Month CD Capped At 10K

Posted by: HollyHolly | Sep 7, 2016

Tried to open acct on line at Bay State Saving Bank and something popped up that I could not open that CD for more than $10K. Nowhere on their web site did they reveal this in advance


Health Grade Components

FDIC Certificate #90311
Year Established1895
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.49%
Return on Equity - YTD5.35%
Annual Interest Income$7.9MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$415.1MM$396.3MM
LoansQ2 2018vs Q2 2017$361.8MM$336.6MM
DepositsQ2 2018vs Q2 2017$315.7MM$300.3MM
Equity CapitalQ2 2018vs Q2 2017$37.3MM$36.0MM
Loan Loss AllowanceQ2 2018vs Q2 2017$4.8MM$4.5MM
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$3.0MM$4.7MM
Real Estate OwnedQ2 2018vs Q2 2017$0$0
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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

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%--Statement Savings Account

Bay State Savings Bank Money Market Rates

1.15%*$500*-Minuteman Money Manager
OTHER TIERS: 0.10% Up to $500
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

Bay State Savings Bank Checking Account Rates

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

Bay State Savings Bank CD Rates

2.30%$1k-27 Month CD Special
2.15%$1k-48 Month CD Special
2.00%$1k-7 Month CD Special
1.75%$1k-18 Month CD Special
1.50%$1k-12 Month CD
1.40%$1k-60 Month CD
0.90%$1k-36 Month CD
0.70%$1k-24 Month CD
0.25%$1k-6 Month CD
0.20%$5k-3 Month CD

Bay State Savings Bank IRA Rates

2.30%$500-27 Month IRA Special
2.15%$500-48 Month IRA Special
1.75%$500-18 Month IRA Special
1.50%$500-12 Month IRA
1.40%$500-60 Month IRA
0.90%$500-36 Month IRA
0.70%$500-24 Month IRA
0.25%$500-6 Month IRA
0.20%$500-3 Month IRA

Bay State Savings Bank Locations
Minuteman Plaza Branch123 Auburn StreetAuburn, MA 01501
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

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