Checking Account Rates

Effective Date: Thursday, Oct 1, 2020

For Balances Of APY* Minimum to Open
If qualifications are met $0.01 to $20,000.00 2.01% $0
If qualifications are met $20,000.00 and above 2.01% to 0.54%* $0
If qualifications are not met Entire Balance 0.05% $0

*Earn 2.01% Annual Percentage Yield (APY) on balances up to $20,000.00 in each Monthly Qualification Cycle that your account qualifies. The portion of your balance above that cap will earn at a 0.25% interest rate resulting in a range from 2.01% to 0.54% APY, depending on the account’s balance, each cycle that your account qualifies. Earn 0.05% APY in cycles that your account does not qualify. “Monthly Qualification Cycle” means a period beginning one (1) day prior to the first day of the current Statement Cycle through one (1) 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. For example, the Statement Cycle for this account typically runs from the 6th of the current month through the 5th of the following month.  If the end date of the Statement Cycle falls on a Saturday or Sunday, the end date of the Statement Cycle is instead the Friday before, and the next Statement Cycle will commence the day after that. Rates are current as of Thursday, Oct 1, 2020. Rates and rewards are subject to change and may change after account is opened. Fees may reduce earnings.

Open Now

Effective Date: Thursday, Oct 1, 2020

Current APY* Minimum to Open
0.05% $100

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

No monthly maintenance fees.

Minimum balance of $0.01 to receive stated APY.

*Annual Percentage Yield (APY) may change at any time without notice. Fees may reduce earnings.