Providing Quality Savings Solutions to Massachusetts & Rhode Island
BayCoast Bank offers several savings account options. And all BayCoast Bank deposits are 100% insured by the Federal Deposit Insurance Corporation (FDIC) and the Depositors Insurance Fund (DIF).
At BayCoast Bank, we are proud to serve the people and businesses of Massachusetts and Rhode Island.
BayCoast upholds the time-honored belief in community involvement and provides a wide range of financial services. We are your friends and neighbors, dedicated to supporting the communities where we live and work. We offer a wide range of financial solutions to suit your life and your lifestyle. Afterall, you have financial goals, and we’re here to help you achieve them.
Who We Are
Our History
BayCoast Bank is a long-standing community bank, serving customers since 1851. Originally chartered in Tiverton, Rhode Island, BayCoast Bank started out simply as The Savings Bank, opening its doors on December 1st of that year. In 1862, a state boundary shift placed The Savings Bank on the Massachusetts side of the line, making the city of Fall River its home for well over a century, before relocating its headquarters to Swansea in 2011.
We are incredibly honored by our decades-long tradition of financial services to the area. Today, this commitment is as strong as ever, and it is our privilege to continue to provide exceptional service to you, as we did for your parents, grandparents, and great grandparents.
Open Your Personal savings Account Today
Enjoy no monthly fees, no minimum balance, and total banking flexibility — start in minutes!
• Money Market Account: When you want an account that earns more interest than interest-bearing checking accounts, our Money Market Account is for you. This account’s interest is compounded and paid monthly, and you can open them with a minimum deposit of $1,000. If you maintain an average daily balance of $1,000, you’ll receive interest, and we’ll waive the monthly maintenance service charge.
• Savings Club: Our Savings Club Accounts allow you to set up automatic deposits to your accounts. Want to plan a vacation for the Fall? Need to save up for a car in the Spring? Or maybe you need a little extra cash around the holidays? Simply set up automatic monthly deposits and customize the date you want to receive your funds. Once this account’s terms come to an end, the funds you’ve saved will be automatically transferred to another BayCoast account of your choice, ensuring you’ve saved enough. You can open these accounts with a minimum $5 deposit, and every month, interest is compounded and credited.
Our Personal Savings Account Options
Since we know you have your own unique financial goals, we offer a few different personal savings account options. If you’re interested in opening a savings account, learn more about our various offerings below:
• Statement Savings: Our Statement Savings Account makes it simple to get in the habit of saving. With only $10, you can open an account, receive interest, and have no monthly maintenance service charges. You can access these accounts using our online banking platform, allowing you to easily track your balance.
• Certificates of Deposit: Another popular savings account option is our Certificates of Deposit (CD). When you sign up for a CD with us, you can customize terms to better suit your financial goals and receive a fixed interest rate. With various terms and rates, you’re sure to find an option that works for you.
Open a Personal Savings Account at BayCoast Bank
With a wide variety of personal savings accounts at BayCoast Bank, we’re confident we can help you set up an account perfect for your financial needs. You can also use our savings calculator to learn how much money you need to save each month to reach your savings goals.
Visit any one of our convenient locations to open any BayCoast Bank account, or click here for customer support.
We’re not just a bank, we’re a family.
As part of the BayCoast community, you’ll always have the support you need to grow in as many different directions as you want. Our family of services — BayCoast Mortgage Company, Plimoth Investment Advisors, and BayCoast Insurance are more than banking products, they’re our way of providing well-being, comfort, and a bridge to your financial future.
Other Services
Whether you need to open one a checking or savings account, a certificate of deposit (CD) or apply for an auto loan, we are here to deliver the solutions you need.
Loans
BayCoast Bank provides a range of personal and business lending solutions to help individuals and companies meet their financial goals. Personal lending options include unsecured loans, savings-collateral loans, and other loan types that can help with debt consolidation, large purchases, or other needs.
Investing
BayCoast Bank offers personal investing services to help individuals work toward long-term financial goals and financial security. Our team can assist with personalized strategies, along with traditional retirement accounts like savings or CD IRAs.
Online Banking
BayCoast Bank Online Banking allows customers to securely manage accounts anytime, check balances, transfer funds, pay bills, and view statements through desktop or mobile devices, providing convenient and easy access to everyday banking.
Open a Personal Savings Account at BayCoast Bank
Open online or at a nearby branch and bank smarter with no monthly fees or balance requirements.
Open Your Personal Savings Today
Do you have any questions about which account is right for you?
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Location Swansea, MA
BayCoast Place
330 Swansea Mall Drive Swansea, MA 02777
Lobby Hours
Mon. – Wed. 9am – 4pm
Thurs. – Fri. – 9am – 5pm
Sat. – Sun. Closed
ITM Hours – Drive-Up
Mon. – Fri. 7am – 7pm
Sat. 8am – 2pm
Sun. Closed
What Our Clients Say
We can’t say enough about how helpful and knowledgeable everyone at BayCoast has been. With our everyday banking, small business loans and everything in between. Stephanie Terra is a diamond and goes above and beyond. She makes our job so much easier because she’s so good at hers! We couldn’t think of banking anywhere else - thank you BayCoast!
Family Tree Services
We have been using Baycoast Bank for all our financial needs for 29 years. We have never had a problem and Richard De Almedia is absolutely wonderful! He helped us refinance our home several times to get a lower interest rate and helped us when we were closing on a new home out of state. I know of no other bank that would bend over backwards to help us like Baycoast Bank would. I trust them implicitly and you can too.
Paula Hamel
I have been banking with BayCoast Bank for a few years now, They have amazing products for very small business, snd large ones, Great Student accounts, Mortgage products, the list goes on.. So if you're looking for a great bank , with great customer service , great products all around , BayCoast is the place to be.
Yvonne P
Easy to get to. Nice people work there.
Kevin Flateau
Checking
BayCoast Bank offers Business and Personal Checking accounts designed for convenient everyday banking. Business accounts support companies of all sizes with features like debit cards, online banking, and specialized options. Some business accounts have no monthly fees, while others offer interest or tailored solutions.
