As a depositor of Bay State Savings Bank, please rest assured that 100% of your deposits are insured. Each depositor is insured by the FDIC to at least $250,000. All deposits above the FDIC insurance amount are insured by the Depositors Insurance Fund (DIF). The combination of FDIC and DIF insurance provides our customers with the peace of mind that comes with knowing that every single deposit is 100% insured. No depositor has ever lost a penny in a bank insured by both the FDIC and DIF.