Locations
Deposit Rates
Checking Rates1
| Account Type | Minimum Daily Balance to earn APY1 | Annual Percentage Yield (APY) 1 | |
|---|---|---|---|
| Rewards Checking2 (Requirements are met) | $0 - $24,999.99 | 4.500% | |
| $25,000.00+ | 0.010% | ||
| Rewards Checking2 (Requirements NOT met) | $0 | 0.010% |
1Annual 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.
24.500% Annual Percentage Yield (APY) as of 6/1/23 is paid on balances up to, and including, $24,999.99 provided all other account requirements are met for the current statement cycle. For balances $25,000.00 and above, the interest rate and APY of 0.010% will be paid on the portion of your daily balance that is $25,000.00 or greater. If requirements are not met, the interest rate of 0.010% with an Annual Percentage Yield (APY) of 0.01% will be paid on balances. The APY will range downward from 4.500% depending on the balance in the account. For example, the APY, for a balance of $50,000.00 would be 2.260%. Normal activity charges will apply. Fees could reduce earnings. Rates may change at any time without prior notice. Rates may change after account opening. Requirements for each statement cycle are: at least 10 debit card purchases posted per statement cycle, sign up and use Online Banking and Bill Pay at least once per statement cycle, receive at least one direct deposit per statement cycle, and receive a monthly eStatement. If requirements are met, South Shore Bank will refund up to $10 per statement cycle for another bank's ATM surcharges & will not charge a foreign ATM fee for using another bank's ATM. Account requirements will be waived for the first statement cycle. Offer may be withdrawn at any time. One account per tax reporting owner. A statement cycle ends the last business day of a calendar month.
24.500% Annual Percentage Yield (APY) as of 6/1/23 is paid on balances up to, and including, $24,999.99 provided all other account requirements are met for the current statement cycle. For balances $25,000.00 and above, the interest rate and APY of 0.010% will be paid on the portion of your daily balance that is $25,000.00 or greater. If requirements are not met, the interest rate of 0.010% with an Annual Percentage Yield (APY) of 0.01% will be paid on balances. The APY will range downward from 4.500% depending on the balance in the account. For example, the APY, for a balance of $50,000.00 would be 2.260%. Normal activity charges will apply. Fees could reduce earnings. Rates may change at any time without prior notice. Rates may change after account opening. Requirements for each statement cycle are: at least 10 debit card purchases posted per statement cycle, sign up and use Online Banking and Bill Pay at least once per statement cycle, receive at least one direct deposit per statement cycle, and receive a monthly eStatement. If requirements are met, South Shore Bank will refund up to $10 per statement cycle for another bank's ATM surcharges & will not charge a foreign ATM fee for using another bank's ATM. Account requirements will be waived for the first statement cycle. Offer may be withdrawn at any time. One account per tax reporting owner. A statement cycle ends the last business day of a calendar month.
Savings Rates1
| Account Type1 | Minimum Daily Balance to earn APY2 | Annual Percentage Yield (APY) 2 | |
|---|---|---|---|
| Free Savings | $0 | 0.010% | |
| High Yield Money Market | $0 - < $2,500 | 0.010% | |
| $2,500 - < $25,000 | 1.000% | ||
| $25,000 - < $50,000 | 2.000% | ||
| $50,000 - < $100,000 | 2.000% | ||
| $100,000 - < $1,000,000 | 2.000% | ||
| $1,000,000+ | 2.000% | ||
| Rewards Savings (When requirements are met3) | $0 | 3.500% | |
| Rewards Savings (When requirements are not met3) | $0 | 0.010% | |
| IRA Savings | $10+ | 0.050% |
1$10 minimum deposit to open. Rates may change at any time without prior notice. Certain products are available to open online. Products that are not available to open online can be opened in any of our branches.
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%.
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%.
Business Savings Rates1
| Type | Minimum Daily Balance to earn APY1 | Annual Percentage Yield (APY) 1 | |
|---|---|---|---|
| Business Savings | $2,000.00 | 0.010% | |
| Business Money Market | $1,000.00 | 0.200% | |
| $5,000.00 | 2.000% | ||
| $50,000.00 | 2.000% | ||
| $100,000.00 | 2.000% | ||
| $250,000.00 | 2.000% |
1Annual 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 consult a Personl Banking Manager for information about fees and terms for these accounts.
Certificates of Deposit Rates
| Account Type | Minimum Daily Balance to earn APY1 | Annual Percentage Yield (APY) 1 | |
|---|---|---|---|
| 6 Month CD or IRA | $1,000.00 | 2.500% | |
| 11 Month CD or IRA3 | $1,000.00 | 4.250% | |
| 12 Month CD or IRA | $1,000.00 | 2.500% | |
| 14 Month Rewards CD2 | $1,000.00 | 4.500% | |
| 15 Month CD or IRA | $1,000.00 | 1.750% | |
| 18 Month CD or IRA | $1,000.00 | 2.000% | |
| 24 Month CD or IRA | $1,000.00 | 2.000% | |
| 36 Month CD or IRA | $1,000.00 | 2.000% | |
| 48 Month CD or IRA | $1,000.00 | 2.000% | |
| 60 Month CD or IRA | $1,000.00 | 2.000% |
1Annual Percentage Yield (APY) and rate subject to change. A penalty will be imposed for early withdrawal from a certificate account. Rate is current as of 4/13/23, please contact 781.682.3715 for current rate information.
2Personal customers only. Must already have or open a Rewards Checking account to open this certificate of deposit. Must meet Rewards Checking Account requirements for the prior month to earn the advertised APY. (The 14-month Rewards CD will revert to a rate of 0.500% APY if Rewards Checking Account requirements are not met. At maturity, the 14-month Rewards CD will roll into a standard 15-month CD. Account requirements will be waived for the first statement cycle.) Offer may be withdrawn at any time.
3At maturity, the 11-month CD will roll into a standard 12-month CD.
2Personal customers only. Must already have or open a Rewards Checking account to open this certificate of deposit. Must meet Rewards Checking Account requirements for the prior month to earn the advertised APY. (The 14-month Rewards CD will revert to a rate of 0.500% APY if Rewards Checking Account requirements are not met. At maturity, the 14-month Rewards CD will roll into a standard 15-month CD. Account requirements will be waived for the first statement cycle.) Offer may be withdrawn at any time.
3At maturity, the 11-month CD will roll into a standard 12-month CD.