Featured Savings Rates
Featured Accounts
  2. Bay State Savings Bank

Bay State Savings Bank

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
2.01%Reward CheckingKasasa Cash
1.94% - National Average
1.00%Reward SavingsKasasa Saver
0.87% - National Average
1.40%5-year CD60 Month CD
2.80% - Barclays 60 Month Online CDAdvertisement
View all Bay State Savings Bank rates »

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

Bay State Savings Bank is headquartered in Worcester and is the 83rd largest bank in the state of Massachusetts. It is also the 1,752nd largest bank in the nation. It was established in 1895 and as of December of 2017, it had grown to 72 employees at 8 locations. Bay State Savings Bank's money market rates are 3X the national average, and it has an A health rating.

Related Posts

View all posts from:


Reviews (2)

Mortgage Department .....Mark Sanguinetti

Posted by: erniegallo | Jul 28, 2016

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.

1

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

8


Health
A

Data as of Q4 2017

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #90311
Year Established1895
Employees72
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.73%
Return on Equity - YTD8.07%
Annual Interest Income$14.8MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$397.0MM$377.2MM
LoansQ4 2017vs Q4 2016$343.5MM$318.3MM
DepositsQ4 2017vs Q4 2016$305.3MM$302.8MM
Equity CapitalQ4 2017vs Q4 2016$36.7MM$33.4MM
Loan Loss AllowanceQ4 2017vs Q4 2016$4.4MM$4.2MM
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$2.4MM$3.4MM
Real Estate OwnedQ4 2017vs Q4 2016$0$0
Rates
Skip to rates for:
Report an Issue

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
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
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

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
2.30%$1k-27 Month CD Special
2.15%$1k-48 Month CD Special
1.75%$1k-18 Month CD Special
1.40%$1k-60 Month CD
1.30%$1k-7 Month CD Special
0.90%$1k-36 Month CD
0.70%$1k-24 Month CD
0.60%$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
2.15%$500-48 Month IRA Special
1.75%$500-18 Month IRA Special
1.40%$500-60 Month IRA
0.90%$500-36 Month IRA
0.70%$500-24 Month IRA
0.60%$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

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact feedback@depositaccounts.com to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.