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  2. South Shore Bank

South Shore Bank

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
2.00%Reward CheckingRewards Checking
1.92% - National Average
1.25%Reward SavingsRewards Savings
0.86% - National Average
2.30%5-year CD60 Month CD
2.50% - Ally Bank High Yield 5 Year CDAdvertisement
View all South Shore Bank rates »

Overview / Commentary
www.sssb.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 586th largest bank in the nation. It was established in 1833 and as of December of 2017, it had grown to 193 employees at 18 locations. South Shore Bank has an A health rating.

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Health
A

Data as of Q4 2017

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #90303
Year Established1833
Employees193
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.35%
Return on Equity - YTD3.16%
Annual Interest Income$38.7MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$1.34B$1.04B
LoansQ4 2017vs Q4 2016$974.4MM$758.6MM
DepositsQ4 2017vs Q4 2016$1.09B$820.5MM
Equity CapitalQ4 2017vs Q4 2016$142.3MM$116.0MM
Loan Loss AllowanceQ4 2017vs Q4 2016$8.4MM$7.7MM
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$6.4MM$5.6MM
Real Estate OwnedQ4 2017vs Q4 2016$0$860.00K
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
1.25%-$50kRewards Savings
0.20%*$25k*-Premium Savings
OTHER TIERS: 0.05% → $10 - $25k
0.05%--Regular Savings - Passbook
0.05%$2k-Business Savings
0.05%--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+
0.25%*$100k*-High Yield Money Market
OTHER TIERS: 0.03% → Up to $2,500 | 0.05% → $2,500 - $25k | 0.10% → $25k - $50k | 0.15% → $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%*-$25kRewards Checking
OTHER TIERS: 0.05% → $25k+
0.05%--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
1.90%$1k-22 Month CD
1.80%$1k-16 Month CD
1.55%$1k-9 Month CD
1.40%$1k$500k14 Month Rewards CD
1.05%$1k-48 Month CD
0.85%$1k-36 Month CD
0.70%$1k-24 Month CD
0.60%$1k-18 Month CD
0.50%$1k-15 Month CD
0.40%$1k-12 Month CD
0.20%$1k-6 Month CD
0.15%$1k-3 Month CD

South Shore Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.30%$1k-60 Month IRA
1.90%$1k-22 Month IRA
1.80%$1k-16 Month IRA
1.55%$1k-9 Month IRA
1.05%$1k-48 Month IRA
0.85%$1k-36 Month IRA
0.70%$1k-24 Month IRA
0.60%$1k-18 Month IRA
0.50%$1k-15 Month IRA
0.40%$1k-12 Month IRA
0.20%$1k-6 Month IRA
0.15%$1k-3 Month IRA
Locations

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