CD Rates

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Term Interest Rate APY* Minimum to Open
7-month certificate 4.64% 4.75% $1,000
15-month certificate 4.40% 4.50% $1,000
23-month certificate 4.17% 4.25% $1,000

You may also visit any of our convenient branch locations to open the above CD Special.

Effective Date: Sunday, Jun 16, 2024

*APY is Annual Percentage Yield and accurate as of  Sunday, Jun 16, 2024. $1,000 minimum to open. This account must be funded only by New Money. “New Money” means money used to fund this account that comes from a source other than a Bay State Savings Bank account. New Money does not include money that is temporarily routed from a Bay State Savings Bank account to one or more other destinations or mediums that are then used to fund the account. Minimum $0.01 to earn stated APY. Fees may reduce earnings. Penalty may be imposed for early withdrawal. Limited time offer and subject to change without notice. Additional terms and conditions apply.

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Term Interest Rate APY*
3-month certificate 0.499% 0.50%
6-month certificate 0.747% 0.75%
12-month certificate 0.995% 1.00%
18-month certificate 1.490% 1.50%
24-month certificate 1.982% 2.00%
36-month certificate 2.472% 2.50%
48-month certificate 2.716% 2.75%
60-month certificate 2.960% 3.00%

Effective Date: Sunday, Jun 16, 2024

*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.