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South Shore Bank

South Shore Bank

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
1.75%Reward CheckingRewards Checking
1.84% - National Average
1.25%Reward SavingsRewards Savings
0.80% - National Average
1.10%5-year CD60 Month CD
2.35% - Synchrony Bank 60 Month CDAdvertisement
View all South Shore Bank rates »

Overview / Commentary
www.sssb.com
800-660-7800
1530 Main Street
South Weymouth, MA 02190

South Shore Bank is headquartered in South Weymouth and is the 36th largest bank in the state of Massachusetts. It is also the 701st largest bank in the nation. It was established in 1833 and as of March of 2017, it had grown to 165 employees at 15 locations. South Shore Bank has an A+ health rating.

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Health
A+

Data as of Q1 2017

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #90303
Year Established1833
Employees165
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.58%
Return on Equity - YTD5.25%
Annual Interest Income$8.9MM
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$1.07B$1.02B
LoansQ1 2017vs Q1 2016$764.5MM$721.6MM
DepositsQ1 2017vs Q1 2016$850.9MM$765.2MM
Equity CapitalQ1 2017vs Q1 2016$117.2MM$113.7MM
Loan Loss AllowanceQ1 2017vs Q1 2016$7.7MM$6.7MM
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$5.2MM$8.0MM
Real Estate OwnedQ1 2017vs Q1 2016$0$1.2MM
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+
0.20%*$100k*-High Yield Money Market
OTHER TIERS: 0.05% → $10 - $25k | 0.10% → $25k - $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
1.75%*-$25kRewards Checking
OTHER TIERS: 0.05% → $25k+
0.05%--Relationship Checking

South Shore Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%$1k$500k44 Month Rewards CD
1.60%$1k$500k30 Month CD
1.50%$1k-22 Month CD
1.40%$1k$500k14 Month Rewards CD
1.40%$1k-16 Month CD
1.10%$1k-60 Month CD
1.00%$1k-48 Month CD
0.75%$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
0.25%$1k-6 Month CD
0.25%$1k-9 Month CD
0.20%$1k-3 Month CD

South Shore Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%$1k-22 Month IRA
1.40%$1k-16 Month IRA
1.10%$1k-60 Month IRA
1.00%$1k-48 Month IRA
0.75%$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
0.25%$1k-6 Month IRA
0.25%$1k-9 Month IRA
0.20%$1k-3 Month IRA
Locations

South Shore Bank has 16 locations. Click to view all South Shore Bank locations.