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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 27th largest bank in the state of Massachusetts. It is also the 533rd largest bank in the nation. It was established in 1833 and as of June of 2021, it had grown to 212 employees at 14 locations. South Shore Bank has an A health rating.

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Health
A

Data as of Q2 2021

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #90303
Year Established1833
Employees212
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.96%
Return on Equity - YTD10.44%
Annual Interest Income$31.9MM
Assets and Liabilities
AssetsQ2 2021vs Q2 2020$2.00B$1.83B
LoansQ2 2021vs Q2 2020$1.31B$1.37B
DepositsQ2 2021vs Q2 2020$1.71B$1.51B
Equity CapitalQ2 2021vs Q2 2020$184.3MM$171.4MM
Loan Loss AllowanceQ2 2021vs Q2 2020$20.0MM$15.4MM
Unbacked Noncurrent LoansQ2 2021vs Q2 2020$4.8MM$8.4MM
Real Estate OwnedQ2 2021vs Q2 2020$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
0.60%--Rewards Savings
0.05%*$25k*-Premium Savings
OTHER TIERS: 0.01% → Up to $25k
0.05%$10-IRA Savings
0.01%$2k-Business Savings
0.01%--Statement Savings

South Shore Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$100k*-Business Money Market
OTHER TIERS: 0.01% → $1k - $5k | 0.05% → $5k - $100k
0.10%*$50k*-High Yield Money Market
OTHER TIERS: 0.01% → Up to $25k | 0.05% → $25k - $50k

South Shore Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%-$25kRewards Checking

South Shore Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%$1k-14 Month Rewards CD w/ Relationship
0.50%$1k-14 Month Rewards CD w/o Relationship
0.15%$1k-24 Month CD
0.15%$1k-36 Month CD
0.15%$1k-48 Month CD
0.15%$1k-60 Month CD
0.15%$1k-30 Month CD
0.10%$1k-12 Month CD
0.10%$1k-15 Month CD
0.10%$1k-18 Month CD
0.10%$1k-16 Month CD
0.05%$1k-3 Month CD
0.05%$1k-6 Month CD
0.05%$1k-9 Month CD

South Shore Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%$1k-24 Month IRA
0.15%$1k-36 Month IRA
0.15%$1k-48 Month IRA
0.15%$1k-60 Month IRA
0.15%$1k-30 Month IRA
0.10%$1k-12 Month IRA
0.10%$1k-15 Month IRA
0.10%$1k-18 Month IRA
0.10%$1k-16 Month IRA
0.05%$1k-3 Month IRA
0.05%$1k-6 Month IRA
0.05%$1k-9 Month IRA
Locations

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