An interest-bearing savings account that has no monthly service charge. This account is designed to help you periodically set aside money for your specific financial goals such as holiday spending, vacation plans, down payments, or education! You may choose to designate an annual disbursement date and on that date each year, the balance of the account will be automatically disbursed to you. Requirements and Benefits: Competitive interest rates Minimum of $10 to open No minimum balance Free telephone banking* Free online banking* Deposits can be made at any branch, by direct deposit or through automatic transfer from a Bay State Savings account You may choose to designate an annual disbursement date. Funds can be deposited directly into a savings or checking account Withdrawals may result in account closing 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. View Rates