Flex Savings

Choose a free account that simplifies saving and earns a high rate.

Free Flex Savings makes saving effortless. It links to your free Interest Checking or Cashback Checking to build your savings automatically. When you earn cash rewards in either of the checking accounts, those earnings transfer into Flex Savings. You’ll also earn up to 0.25% APY1 on your Flex Savings balance!

The other benefits of this account are:

  • Free account that builds your savings effortlessly
  • Links to free Interest Checking or Cashback Checking
  • Automatic transfers of Interest Checking or Cashback Checking earnings
  • 0.25% APY on balances up to $50,000
  • 0.03% APY on balances over $50,000
  • No minimum balance to earn rewards
  • No monthly service fee
  • Free Online Banking2
  • Free Mobile Banking2
  • Free Remote Deposit2
  • Free Telephone Banking2

Open an account today!

To open an account, please call Customer Service at 508-890-9000 or 800-244-8161 or visit one of our branch locations.

1APY=Annual Percentage Yield. APYs accurate as of Monday, Apr 22, 2024. Savings rates and rewards are variable and may change after account is opened.  “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. Flex Savings: Interest earned in Interest Checking and in Cashback Checking is automatically transferred to Flex Savings each Statement Cycle and does not compound. The Flex Savings APYs may be less than Interest Checking APYs. Each Monthly Cycle: (1) balances up to and including $50,000 in Flex Savings receive an APY of 0.25%; and (2) balances over $50,000 in Flex Savings earn 0.03% interest rate on portion of balance over $50,000 resulting in a range from 0.25% to 0.12% APY depending on the balance. This quote APY range assumes a deposit amount of $120,000. 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.

2Standard phone/internet 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).