Individual Retirement Accounts

You're invested in your future, we are too. IRAs let you invest and grow funds for the retirement you deserve, and as a bonus many offer tax advantages. At South Shore Bank, we offer both traditional IRA and Roth IRA accounts, and are here to help you choose which account works best for the future you want.


Effective as of 6/16/2024

Account TypeMinimum Daily Balance to earn APY1Annual Percentage Yield (APY) 1apply now button
6 Month CD or IRA$1,000.002.500%Open Online
7 Month CD or IRA3$1,000.005.000%Open Online
9 Month CD or IRA$1,000.002.500%Open Online
11 Month CD or IRA4$1,000.004.750%Open Online
12 Month CD or IRA$1,000.002.500%Open Online
14 Month Rewards CD2$1,000.004.500%Open Online
18 Month CD or IRA$1,000.002.000%
24 Month CD or IRA$1,000.002.000%
36 Month CD or IRA$1,000.002.000%
48 Month CD or IRA$1,000.002.000%
60 Month CD or IRA$1,000.002.000%
1Annual Percentage Yield (APY) and rate subject to change. Please contact 781.682.3715 for current rate information. A penalty will be imposed for early withdrawal from a certificate account.

2Personal clients only. Must already have or open a Rewards Checking account to open this certificate of deposit. Must meet all requirements of the Rewards Checking account for the prior statement cycle to earn the advertised APY. (The 14-month Rewards CD will revert to a rate of 0.500% APY if the Rewards Checking Account requirements are not met. Account requirements will be waived for the first statement cycle). At maturity, the 14-month Rewards CD will roll into a 14-month Rewards CD. Offer may be withdrawn at any time.

3At maturity, the 7-month CD will roll into a standard 6-month CD.

4At maturity, the 11-month CD will roll into a standard 12-month CD.