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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 28th largest bank in the state of Massachusetts. It is also the 539th largest bank in the nation. It was established in 1833 and as of March of 2020, it had grown to 204 employees at 14 locations. South Shore Bank has an A health rating.

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Health
A

Data as of Q1 2020

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #90303
Year Established1833
Employees204
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.47%
Return on Equity - YTD4.46%
Annual Interest Income$15.0MM
Assets and Liabilities
AssetsQ1 2020vs Q1 2019$1.61B$1.43B
LoansQ1 2020vs Q1 2019$1.24B$1.06B
DepositsQ1 2020vs Q1 2019$1.33B$1.18B
Equity CapitalQ1 2020vs Q1 2019$167.7MM$153.5MM
Loan Loss AllowanceQ1 2020vs Q1 2019$13.9MM$11.0MM
Unbacked Noncurrent LoansQ1 2020vs Q1 2019$7.6MM$8.0MM
Real Estate OwnedQ1 2020vs Q1 2019$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
1.25%$10-Rewards Savings
0.25%$10-IRA Savings
0.10%*$25k*-Premium Savings
OTHER TIERS: 0.02% → $10 - $25k
0.05%$2k-Business Savings
0.02%$10-Passbook Savings
0.02%$10-Statement Savings

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+
0.40%*$100k*$1mHigh Yield Money Market
OTHER TIERS: 0.01% → Up to $2.5k | 0.02% → $2.5k - $25k | 0.15% → $25k - $50k | 0.25% → $50k+
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
1.50%$10$25kRewards Checking
0.03%$10-Preferred Checking

South Shore Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$1k-60 Month CD
1.00%$1k$500k44 Month Rewards CD w/ Relationship
0.90%$1k-48 Month CD
0.80%$1k-36 Month CD
0.75%$1k-24 Month CD
0.75%$1k$500k30 Month CD
0.70%$1k-18 Month CD
0.70%$1k$500k14 Month Rewards CD w/ Relationship
0.60%$1k$500k16 Month CD
0.50%$1k-6 Month CD
0.50%$1k-9 Month CD
0.50%$1k-12 Month CD
0.50%$1k-15 Month CD
0.50%$1k$500k14 Month Rewards CD w/o Relationship
0.50%$1k$500k44 Month Rewards CD w/o Relationship
0.25%$1k-3 Month CD

South Shore Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$1k-60 Month IRA
0.90%$1k-48 Month IRA
0.80%$1k-36 Month IRA
0.75%$1k-24 Month IRA
0.75%$1k-30 Month IRA
0.70%$1k-18 Month IRA
0.60%$1k$500k16 Month IRA
0.50%$1k-6 Month IRA
0.50%$1k-9 Month IRA
0.50%$1k-12 Month IRA
0.50%$1k-15 Month IRA
0.25%$1k-3 Month IRA
Locations

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