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South Shore Bank


Overview / Commentary
www.southshorebank.com
781-682-3715
1530 Main Street
South Weymouth, MA 02190

South Shore Bank is headquartered in SOUTH WEYMOUTH and is the 25th largest bank in the state of Massachusetts. It is also the 521st largest bank in the nation. It was established in 1833 and as of March of 2023, it had grown to 216 employees at 12 locations. South Shore Bank's money market rates are 5X the national average, and it has an A health rating.

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Health
A

Data as of Q1 2023

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #90303
Year Established1833
Employees216
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.98%
Return on Equity - YTD11.8%
Annual Interest Income$21.8MM
Assets and Liabilities
AssetsQ1 2023vs Q1 2022$2.17B$2.07B
LoansQ1 2023vs Q1 2022$1.37B$1.29B
DepositsQ1 2023vs Q1 2022$1.92B$1.82B
Equity CapitalQ1 2023vs Q1 2022$184.3MM$176.6MM
Loan Loss AllowanceQ1 2023vs Q1 2022$20.1MM$20.0MM
Unbacked Noncurrent LoansQ1 2023vs Q1 2022$3.3MM$4.7MM
Real Estate OwnedQ1 2023vs Q1 2022$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not South Shore Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

South Shore Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.50%--Rewards Savings
0.05%$10-IRA Savings
0.01%$2k-Business Savings
0.01%--Statement Savings

South Shore Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%*$25k*-High Yield Money Market
OTHER TIERS: 0.01% → Up to $2.5k | 1.00% → $2.5k - $25k
2.00%*$5k*-Business Money Market
OTHER TIERS: 0.20% → $1k - $5k

South Shore Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.50%-$25kRewards Checking

South Shore Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.50%$1k-14 Month Rewards CD w/ Relationship
4.25%$1k-11 Month CD
4.25%$1k-Business 11 Month CD
2.50%$1k-6 Month CD
2.50%$1k-12 Month CD
2.50%$1k-Business 6 Month CD
2.50%$1k-Business 12 Month CD
2.00%$1k-18 Month CD
2.00%$1k-24 Month CD
2.00%$1k-36 Month CD
2.00%$1k-48 Month CD
2.00%$1k-60 Month CD
2.00%$1k-Business 18 Month CD
2.00%$1k-Business 24 Month CD
2.00%$1k-Business 36 Month CD
2.00%$1k-Business 48 Month CD
2.00%$1k-Business 60 Month CD
1.75%$1k-15 Month CD
1.75%$1k-Business 15 Month CD
0.50%$1k-14 Month Rewards CD w/o Relationship

South Shore Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.25%$1k-11 Month IRA
2.50%$1k-6 Month IRA
2.50%$1k-12 Month IRA
2.00%$1k-18 Month IRA
2.00%$1k-24 Month IRA
2.00%$1k-36 Month IRA
2.00%$1k-48 Month IRA
2.00%$1k-60 Month IRA
1.75%$1k-15 Month IRA
Locations

Availability

Boston Area

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The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.