CD Rates

Term Interest Rate APY* Minimum to Open
11-month certificate 1.49% 1.50% $500
11-month certificate

(Relationship Plus)

1.74% 1.75% $500
18-month certificate 1.98% 2.00% $500
18-month certificate

(Relationship Plus)

2.23% 2.25% $500
60-month certificate 2.96% 3.00% $1,000
60-month certificate

(Relationship Plus)

3.20% 3.25% $1,000

Please visit any of our convenient branch locations to open the above CD Specials.

Effective Date: Monday, Oct 3, 2022

Annual Percentage Yield (APYs) current as of   Monday, Oct 3, 2022. Annual Percentage Yields (APYs) current as of Thursday, Sep 1, 2022. The stated APY assumes interest will remain on deposit until maturity. Minimum balance to obtain disclosed APY is $0.01. Relationship Plus CD Specials are subject to the following extra Account Conditions to obtain the disclosed APY during the term: (1) you must maintain a Bay State Savings Bank checking account; (2) you must maintain a Bay State Savings Bank debit card; (3) you must register and receive monthly e-Statements; and (4) you must receive a minimum of $500 in monthly Qualified Direct Deposits. Qualified Direct Deposits are deposits of regular monthly income (such as your wages, pension, or Social Security benefits) that are made by your employer or other payer using the account and routing numbers that you provide to them. Teller deposits, wire transfers, Online and Mobile Banking transfers, transfers from one account to another, and ATM transfers and deposits are examples of deposits that are not Qualified. The interest rate is variable and may change on the Relationship Plus CD Special accounts if Account Conditions are no longer met. Any reduced interest rate will take effect no earlier than the 1st of the month following the date on which Account Conditions were no longer met. Fees can reduce earnings. A penalty will be imposed for early withdrawal. Additional terms and conditions apply. Offer subject to change without notice.

Effective Date: Monday, Oct 3, 2022

Term Interest Rate APY*
3-month certificate 0.15% 0.15%
6-month certificate 0.20% 0.20%
12-month certificate 0.25% 0.25%
24-month certificate 0.35% 0.35%
36-month certificate 0.40% 0.40%
48-month certificate 0.45% 0.45%

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*Annual Percentage Yields (APY) and Interest Rates may change at any time without notice and at the Bank’s discretion. Minimum opening deposit of $1,000 is required for all CDs except the 3-month certificate. Minimum deposit to open a 3-month certificate is $5,000. Stated minimum opening deposits are the minimum balances required to receive the stated APYs. Fees may reduce earnings. A penalty may be imposed for early withdrawal. The Bank reserves the right to institute or change maximum balance limits on monies on deposit by a depositor or in any specific account at any time. If balances exceed a maximum limit, the Bank reserves the right not to pay interest on the balance exceeding the maximum or to transfer the exceeding amount into a non-interest bearing account. We use the daily balance computation method to calculate interest on your accounts, This method applies a daily periodic rate to the principal in the account each day.