HIGH 5 our Home Equity Line of Credit!

It’s never been easier to make home improvements, large purchases, and/or consolidate debt. See for yourself with our very competitive “High Five” home equity line of credit.

Home Equity Line of Credit (HELOC) –  Variable Rate – “HIGH FIVE”

  • Variable rate of Wall Street Journal Prime Rate minus 0.55% for the life of the loan (7.95% APR current as of Monday, Apr 22, 2024)
  • To qualify for advertised rate, automatic payments from a Bay State Savings Bank checking account are required. If these qualifications are not met, margin will change to 0.25%, thus, the rate would be Wall Street Journal Prime Rate minus the margin of 0.25% (8.25% APR current as of Monday, Apr 22, 2024)
  • 20 Year Term (10 year draw with interest-only payments followed by 10 year repayment period)
  • $10,000 minimum initial draw required ($25,000.00 minimum line amount, $500,000 maximum line amount)
  • $99.00 Annual Fee
  • Up to 80% loan-to-value (CLTV) ratio
  • Eligibility restricted to owner-occupied and second homes in MA or NH only
  • Property insurance required
  • For more information, please see Option 1 in our Important Terms Disclosure

Contact us to learn more about our HELOCs


1: Annual Percentage Rate (APR) current as of Monday, Apr 22, 2024. Rates as low as 7.95% assuming all qualifications are met. The variable rate may change at any time and is based on the Prime Rate (published in the Wall Street Journal), minus the margin of 0.55% for the life of the line. To qualify for the above-advertised rate, automatic payments from a Bay State Savings Bank checking account are required. If these qualifications are not met, margin will change to 0.25%, thus, the rate would be Prime Rate (published in the Wall Street Journal), minus the margin of 0.25%. All lines subject to credit approval. The maximum annual percentage rate that can apply is 18.00% and will never fall below 5.00%. Payments during the 10-year draw period are interest only plus any amounts past due. During the Repayment Period, payments will be due monthly. Your minimum monthly payment will equal 1/120th of the principal balance that was outstanding at the end of the Draw Period plus any finance charges that have accrued on the remaining balance using the average daily balance method, providing the principal payment is no less than $75.00, plus any amounts past due. Line must be secured by owner-occupied and second homes in MA or NH only. Property insurance required. Loan-to-value ratio must not exceed 80%. Other restrictions may apply.

2: The Bank will pay the closing costs on each of these home equity line of credit programs, however, you will be responsible for paying the following fees if they are assessed in connection with your line: the fee for an appraisal if the subject property is a 2-4 family residence or if the line amount exceeds $400,000, discharge related fees, trust related fees, condominium related fees, and any other fees generally necessary to perfect title.