BayCoast Bank

Overview / Commentary
330 Swansea Mall Drive
Swansea, MA 02777

BayCoast Bank is headquartered in SWANSEA and is the 20th largest bank in the state of Massachusetts. It is also the 406th largest bank in the nation. It was established in 1851 and as of March of 2024, it had grown to 527 employees at 26 locations. BayCoast Bank has an A health rating.

Reviews (1)

They Are Reprehensible

Posted by: |

I have been banking with this company for over a decade. Our time together has come to an end. Within this timeframe, they have failed to properly secure my accounts. I had an old account hacked. Several "scares", attempted fraudulent charges. I have also traveled abroad and an employee "forgot" to unblock my account for overseas use. That was a terrifying 24 hrs, and no apology from the staff. They have very flexible security protocols inhouse. Your personal info is at risk. Your money is at risk. Over the phone they ask for info that is a breach of security. Once, after making a minor complaint about an interaction with a maintenance worker, the assistant manager asked not for my name, but for my account number to identify me! Not to mention too many fees for small services, each fee $3 a piece. They slowly drain your account to line their pockets. Do not use this bank. I no longer am.


Health Grade Components

FDIC Certificate #90196
Year Established1851
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.64%
Return on Equity - YTD7.78%
Annual Interest Income$33.7MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$2.93B$2.92B
LoansQ1 2024vs Q1 2023$2.39B$2.36B
DepositsQ1 2024vs Q1 2023$2.42B$2.59B
Equity CapitalQ1 2024vs Q1 2023$242.8MM$221.9MM
Loan Loss AllowanceQ1 2024vs Q1 2023$20.9MM$19.6MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$4.1MM$4.9MM
Real Estate OwnedQ1 2024vs Q1 2023$0$0
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Always verify rates and promotions with the bank or credit union. We are not BayCoast 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.

BayCoast Bank Savings Account Rates

0.10%$10-Statement Savings
0.10%$10-Savings Club

BayCoast Bank Money Market Rates

0.20%*$100k*-Business Money Market Access
OTHER TIERS: 0.10% $1k - $50k | 0.15% $50k - $100k
0.20%*$100k*-Consumer Money Market
OTHER TIERS: 0.10% $1k - $50k | 0.15% $50k - $100k

BayCoast Bank Checking Account Rates

0.15%*$0$25kActive Checking
OTHER TIERS: 0.10% $25k+
0.10%$500-Preferred Checking

BayCoast Bank CD Rates

4.00%$10-10 Month Statement CD Special
0.70%$10-4 - 5 Year Statement CD
0.50%$10-3 - 4 Year Statement CD
0.40%$10-24 -35 Month Statement CD
0.35%$10-12 - 23 Month Statement CD
0.20%$10-6 Month - Less than 1 Year Statement CD


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