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Interest Checking

Open a Interest Checking account now!

Choose free checking that pays high interest and refunds on ATM withdrawal fees.

We basically pay you to bank here. By doing banking basics that you probably already do, your Interest Checking account can earn up to 0.50% APY1. You’ll also get refunds on your ATM withdrawal fees, nationwide, so every ATM can be your ATM.1

The benefits of this account are:

  • 0.50% APY on balances up to $20,000
  • 0.05% APY on balances over $20,000
  • Refunds on ATM withdrawal fees, nationwide1
  • Can link to free Flex Savings account to build savings automatically
  • No monthly service charge
  • Unlimited check writing
  • Free Online Banking2
  • Free Bill Pay2
  • Free Mobile Banking2
  • Free Remote Deposit2
  • Free Telephone Banking2

Looking for more benefits? Check out Flex Savings.

1APY=Annual Percentage Yield. APYs accurate as of Tuesday, Mar 21, 2023. Rates and rewards are variable and may change after account is opened. No minimum to open account. “Monthly 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. Interest Checking: Nationwide ATM fees incurred during monthly cycle will be reimbursed up to $20 ($5.00 per single transaction) per  cycle and credited to account on the last day of Monthly Statement Cycle; (2) balances up to and including $20,000 receive APY of 0.50%; 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 0.50% to 0.13% APY depending on the balance. Transactions may take one or more banking days from the date transaction was made to post and settle to account.  The advertised Interest Checking APY is based on compounding interest. Interest earned in Interest Checking is automatically transferred to Flex Savings each Statement Cycle and does not compound. Actual interest amount paid may be less than advertised Interest Checking APY. The Flex Savings APYs may be less than Interest Checking APYs. 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.

2Standard internet/telephone carrier rates and fees apply.

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

Visit our Additional Services Page for information regarding our ATM services.

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).