Business Banking

We’re big on small business.

Few banks know small business in the Worcester area like Bay State Savings Bank.  Since our founding in 1895, we’ve helped thousands of local businesses grow and prosper.  We provide a full spectrum of financial tools and services to help your business succeed, including both deposit and lending services.  At Bay State Savings Bank, we can help with what’s important to you: saving your time and growing your business.

And you don’t just have to take our word for it.  Click here to read some observations and experiences provided by our commercial clients.

Deposit Services
We offer a variety of deposit services designed to accommodate your business’s specific financial needs. 

• Entrepreneur Checking
• Commercial Checking
• Commercial Money Market
• Non-Profit Checking
• Interest on Lawyers Trust Accounts (IOLTAs)
• Business Savings
• Simplified Employee Pensions IRAs (SEPs)
• Merchant Processing Services

Lending Services
At Bay State Savings Bank, we tailor every loan and line to fit your business’s needs.  In fact, we’ll provide you with a Personal Loan Officer who will work closely with you every step of the way to find the best options for you and your business.  Speak with a Loan Officer today by calling (508) 890-9050 or (800) 244-8161.

• Commercial Loans
• Commercial Lines of Credit
• Commercial Construction Loans
• Commercial Real Estate Loans
• Small Business Administration (SBA) Loans
• Equipment Loans
• Letters of Credit

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Bay State Online
With Bay State Online you can access your accounts and manage your finances 24 hours a day, 7 days a week from just about anywhere.  Our sophisticated online software is one of the most secure on the market and allows you to check account balances, transfer funds between Bay State Savings Bank account and those at other financial institutions or creditors, pay bills and export your account information to your Quicken software.         

Minuteman Telephone Banking
If you are out of the office or away on business and need account information, or need to transfer funds, you can access Minuteman Telephone Banking by dialing (888) 533-6696 any time day or night.

Deposit Insurance
Bay State Savings Bank is insured by both the Federal Deposit Insurance Corporation (FDIC) and the Depositors Insurance Fund (DIF).  The FDIC insures all deposits up to $250,000 per depositor.  All deposits above the FDIC limits are fully-insured by the DIF.  Deposit insurance requires no applications or special forms.  Depositors automatically receive full-coverage at no cost whenever they make a deposit at Bay State Savings Bank.