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South Shore Bank


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/25/2025
3.80%
Our Rating
4.2  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/25/2025
4.50%
Our Rating
3.5  / 5
Jenius Bank
Jenius Savings Account
See Offer
Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/25/2025
4.46%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/25/2025
4.55%
Our Rating
4.2  / 5
BrioDirect
High-Yield Savings
See Offer
Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC
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 535th largest bank in the nation. It was established in 1833 and as of September of 2024, it had grown to 233 employees at 13 locations. South Shore Bank's savings rates are 7X the national average, and it has an A health rating.

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Health
A

Data as of Q3 2024

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #90303
Year Established1833
Employees233
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.49%
Return on Equity - YTD5.18%
Annual Interest Income$77MM
Assets and Liabilities
AssetsQ3 2024vs Q3 2023$2.24B$2.14B
LoansQ3 2024vs Q3 2023$1.49B$1.42B
DepositsQ3 2024vs Q3 2023$1.97B$1.9B
Equity CapitalQ3 2024vs Q3 2023$217.9MM$180MM
Loan Loss AllowanceQ3 2024vs Q3 2023$15.2MM$20.1MM
Unbacked Noncurrent LoansQ3 2024vs Q3 2023$6.4MM$3MM
Real Estate OwnedQ3 2024vs Q3 2023$0$0
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/25/2025
3.80%
Our Rating
4.2  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/25/2025
4.50%
Our Rating
3.5  / 5
Jenius Bank
Jenius Savings Account
See Offer
Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/25/2025
4.46%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/25/2025
4.55%
Our Rating
4.2  / 5
BrioDirect
High-Yield Savings
See Offer
Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC
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
3.50%$0-Rewards Savings
3.50%*$10k*$2.5mHigh Yield Savings
OTHER TIERS: 0.01% → $0+
0.05%$10-IRA Savings
0.01%$2k-Business Savings
0.01%$0-Statement Savings

South Shore Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%*$25k*-High Yield Money Market
OTHER TIERS: 0.01% → $0 - $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
3.25%$0$25kRewards Checking

South Shore Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.07%$1k-5 Month CD
4.07%$1k-Business 5 Month CD
4.00%$1k-11 Month CD
4.00%$1k-Business 11 Month CD
4.00%$1k-7 Month CD
4.00%$1k-Business 7 Month CD
3.75%$1k-14 Month Rewards CD w/ Relationship
3.25%$1k-30 Month CD
3.25%$1k-Business 30 Month CD
2.50%$1k-6 Month CD
2.50%$1k-9 Month CD
2.50%$1k-12 Month CD
2.50%$1k-Business 6 Month CD
2.50%$1k-Business 12 Month CD
2.50%$1k-Business 9 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-14 Month Rewards CD w/o Relationship
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

South Shore Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.07%$1k-5 Month IRA
4.00%$1k-11 Month IRA
4.00%$1k-7 Month IRA
3.25%$1k-30 Month IRA
2.50%$1k-6 Month IRA
2.50%$1k-9 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
Locations

Availability



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