Checking Account Comparison

Free Kasasa Cash®

Free Kasasa Cash Back®

Gold Rewards

Classic Checking

No monthly service fee No monthly service fee $15 monthly service fee is waived if account has a direct deposit and maintains a balance of $5,000 or more across other accounts* $7 monthly service fee is waived if account maintains a daily balance of $500 or more
0.75% APY** on balances up to $20,000 0.05% APY** if qualifications aren't met 2.00% cash back on debit card purchases*** Earn up to $72 cash back per year ($6 per month)*** Through GenGold membership and Gold Rewards Savings relationship No rewards
Refunds on ATM withdrawal fees Refunds on ATM withdrawal fees No refunds on ATM withdrawal fees No refunds on ATM withdrawal fees
No Fraud / ID Theft Protection No Fraud / ID Theft Protection Unlimited fraud / ID Theft Protection Through GenGold membership No Fraud / ID Theft Protection
Can link to free Kasasa Saver account that earns CD level interest Can link to free Kasasa Saver account that earns CD level interest Links to Gold Rewards Savings account with CD-level interest earnings Serves as a stand alone checking account or you may open a savings account of your choice

All Checking Accounts include:

*The balances of other accounts, where the primary account holder of the Gold Rewards Account is not the primary account holder of those other accounts, are also excluded when determining whether the minimum daily balance required to waive the monthly service fee is met.

**APY=Annual Percentage Yield. APYs accurate as of Thursday, Oct 28, 2021. Kasasa rates and rewards are variable and may change after account is opened. No minimum to open any Kasasa account. “Monthly Qualification Cycle” means a period beginning one day prior to the first day of the current Statement Cycle through one day prior to the close of the current Statement Cycle. “Statement Cycle” means the period of time for which Bay State Savings Bank provides a summary of the financial activities and transactions that post and settle to the accountholder’s account. Kasasa Cash: If qualifications are met each Monthly Qualification Cycle: (1) Nationwide ATM fees incurred during qualification cycle will be reimbursed up to $20 ($5.00 per single transaction) per qualification cycle and credited to account on the last day of Monthly Statement Cycle; (2) balances up to and including $20,000 receive APY of 0.75%; and (3)  balances over $20,000 earn 0.05% interest rate on the portion of the balance over $20,000 resulting in a range from 0.75% to 0.17% APY depending on the balance. If qualifications are not met on Kasasa Cash all balances earn 0.05% APY. Qualifying transactions must post and settle to Kasasa Cash account during Monthly Qualification Cycle. Transactions may take one or more banking days from the date transaction was made to post and settle to account. ATM-processed transactions do not count towards qualifying debit card transactions. The advertised Kasasa Cash APY is based on compounding interest. Interest earned in Kasasa Cash is automatically transferred to Kasasa Saver each Statement Cycle and does not compound. Actual interest amount paid may be less than advertised Kasasa Cash APY. The Kasasa Saver APYs may be less than Kasasa Cash APYs. Transfers between accounts do not count as qualifying transactions. Limit one account per SSN. ATM receipt must be presented for reimbursement of an individual ATM of $5.00 or higher. Fees may reduce earnings.

***APY=Annual Percentage Yield. APYs accurate as of Thursday, Oct 28, 2021. Kasasa rates and rewards are variable and may change after account is opened. No minimum to open any Kasasa account. “Monthly Qualification Cycle” means a period beginning one day prior to the first day of the current Statement Cycle through one day prior to the close of the current Statement Cycle. “Statement Cycle” means the period of time for which Bay State Savings Bank provides a summary of the financial activities and transactions that post and settle to the accountholder’s account. Kasasa Cash Back: If monthly qualifications are met, you will receive 2% cash back on debit card purchases that post and settle to account during Monthly Qualification Cycle up to a total cash back of $6 per Monthly Qualification Cycle. Qualifying transactions must post and settle to account during the Monthly Qualification Cycle. Transactions may take one or more banking days from the date transaction was made to post and settle to an account. ATM-processed transactions do not count towards qualifying debit card transactions. If held jointly with a Kasasa Saver account, Kasasa Cash Back rewards will be credited to your Kasasa Saver account on the last day of the Monthly Statement Cycle. Nationwide ATM fees incurred during qualification cycle will be reimbursed up to $20 ($5.00 per single transaction) if qualifications are met within Monthly Qualification Cycle. Transfers between accounts do not count as qualifying transactions. ATM receipt must be presented for reimbursement of an individual ATM fee of $5.00 or higher. Limit one account per SSN. Fees may reduce earnings.

1Standard telephone/internet carrier rates & fees apply.

2Other financial institutions may impose a surcharge for use of their ATMs. Please visit our Additional Services page to learn more about our ATM services and the SUM Network.

Please refer to our Bay State Savings Bank Retail Fee Schedule for current fees & charges.

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).