2. South Shore Bank

South Shore Bank

Popular Accounts at this Bank

APYACCOUNT TYPEHOW THEY COMPARE
2.00%Reward Checking
2.06% - National Average
1.75%Reward Savings
0.93% - National Average
2.30%5-year CD
3.10% - Goldman Sachs Bank USA High-yield 5 Year CDAdvertisement
View all South Shore Bank rates »

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 570th largest bank in the nation. It was established in 1833 and as of September of 2018, it had grown to 199 employees at 17 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 Q3 2018

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #90303
Year Established1833
Employees199
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.68%
Return on Equity - YTD6.49%
Annual Interest Income$37.9MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$1.39B$1.06B
LoansQ3 2018vs Q3 2017$1.03B$786.5MM
DepositsQ3 2018vs Q3 2017$1.15B$848.0MM
Equity CapitalQ3 2018vs Q3 2017$145.0MM$120.7MM
Loan Loss AllowanceQ3 2018vs Q3 2017$9.6MM$8.3MM
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$7.5MM$4.5MM
Real Estate OwnedQ3 2018vs Q3 2017$0$0
Rates
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* 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
1.75%-$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
2.00%*$10$25kRewards Checking
OTHER TIERS: 0.05% → $25k+
0.05%$10-Preferred Checking

South Shore Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.30%$1k-60 Month CD
2.00%$1k$500k30 Month CD
2.00%$1k$500k44 Month Rewards CD
1.80%$1k-16 Month CD
1.60%$1k$500k14 Month Rewards 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
0.50%$1k-9 Month CD
0.30%$1k-6 Month CD
0.25%$1k-3 Month CD

South Shore Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.30%$1k-60 Month IRA
2.00%$1k-30 Month IRA
1.80%$1k-16 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
0.50%$1k-9 Month IRA
0.30%$1k-6 Month IRA
0.25%$1k-3 Month IRA
Locations

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