2. South Shore Bank

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 30th largest bank in the state of Massachusetts. It is also the 574th largest bank in the nation. It was established in 1833 and as of December of 2018, it had grown to 204 employees at 16 locations. South Shore Bank's money market rates are 14% higher than the national average, and it has an A health rating.

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Health
A

Data as of Q4 2018

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #90303
Year Established1833
Employees204
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.73%
Return on Equity - YTD7.02%
Annual Interest Income$51.8MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$1.42B$1.34B
LoansQ4 2018vs Q4 2017$1.06B$974.4MM
DepositsQ4 2018vs Q4 2017$1.17B$1.09B
Equity CapitalQ4 2018vs Q4 2017$149.0MM$142.3MM
Loan Loss AllowanceQ4 2018vs Q4 2017$10.5MM$8.4MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$6.6MM$6.4MM
Real Estate OwnedQ4 2018vs Q4 2017$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
2.00%-$50kRewards Savings
0.20%*$25k*-Premium Savings
OTHER TIERS: 0.05% → $10 - $25k
0.05%$10-Regular Savings - Passbook
0.05%$2k-Business Savings
0.05%$10-Regular Savings - Statement

South Shore Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%*$100k*$500kBusiness Platinum Money Market
OTHER TIERS: 0.25% → Up to $100k | 0.50% → $500k+
0.50%*$100k*$1mHigh Yield Money Market
OTHER TIERS: 0.03% → Up to $2.5k | 0.05% → $2.5k - $25k | 0.25% → $25k+ | 0.40% → $50k - $100k
0.20%*$100k*-Business Money Market
OTHER TIERS: 0.05% → $1k - $5k | 0.10% → $5k - $100k

South Shore Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.50%*$10$25kRewards Checking
OTHER TIERS: 0.05% → $25k+
0.05%$10-Preferred Checking

South Shore Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.50%$1k-16 Month CD
2.02%$1k-60 Month CD
2.00%$1k$500k30 Month CD
2.00%$1k$500k44 Month Rewards CD
1.60%$1k$500k14 Month Rewards CD
1.50%$1k-9 Month CD
1.25%$1k-48 Month CD
1.00%$1k-36 Month CD
0.80%$1k-24 Month CD
0.75%$1k-18 Month CD
0.70%$1k-15 Month CD
0.60%$1k-12 Month CD
0.30%$1k-6 Month CD
0.25%$1k-3 Month CD

South Shore Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.50%$1k-16 Month IRA
2.02%$1k-60 Month IRA
2.00%$1k-30 Month IRA
1.50%$1k-9 Month IRA
1.25%$1k-48 Month IRA
1.00%$1k-36 Month IRA
0.80%$1k-24 Month IRA
0.75%$1k-18 Month IRA
0.70%$1k-15 Month IRA
0.60%$1k-12 Month IRA
0.30%$1k-6 Month IRA
0.25%$1k-3 Month IRA
Locations

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