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Rewards Savings Account
As a South Shore Bank client, you deserve all the perks. That's why we offer the Rewards Savings account that lets you earn at a higher interest rate, and is the perfect companion to the Rewards Checking Account. Simply stay up to date on the monthly requirements, and start earning rewards today.
*Must already have or open a Rewards Checking Account. 3.50% Annual Percentage Yield (APY) as of 6/1/23 is paid on balances provided all account requirements of your corresponding Rewards Checking Account are met for the prior month. For example, in order to receive the higher APY on your Rewards Savings Account in February (current month) you must have met the requirements of your Rewards Checking Account in January (prior month). Please refer to your Rewards Checking Account disclosure for monthly requirements. If requirements are not met, the interest rate on your account is 0.01% with an Annual Percentage Yield (APY) of 0.01%.
**Please refer to your Rewards Checking Account disclosure for monthly requirements. If requirements are not met, the interest rate on your account is 0.01% with an Annual Percentage Yield (APY) of 0.01%. $10 minimum deposit to open. Rates may change at any time without prior notice. Offer may be withdrawn at any time. One per tax reporting owner. Fees may apply and could reduce earnings.
Rates
Effective as of 4/18/2024
| Account Type1 | Minimum Daily Balance to earn APY2 | Annual Percentage Yield (APY) 2 |
|---|---|---|
| Rewards Savings (When requirements are met3) | $0 | 3.500% |
| Rewards Savings (When requirements are not met3) | $0 | 0.010% |
2Annual Percentage Yield (APY) and rate subject to change without notice. Rate may change after the account is opened. Fees could reduce earnings on account. Please contact our Client Information Center for information about fees and terms for these accounts.
3Must already have or open a Rewards Checking Account. 3.500% Annual Percentage Yield (APY) as of 6/1/23 is paid on balances provided all account requirements of your corresponding Rewards Checking Account are met for the prior month. For example, in order to receive the higher APY on your Rewards Savings Account in February (current month) you must have met the requirements of your Rewards Checking Account in January (prior month). Please refer to your Rewards Checking Account disclosure for monthly requirements. If requirements are not met, the interest rate on your account is 0.01% with an Annual Percentage Yield (APY) of 0.01%.