2. South Shore Bank

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 29th largest bank in the state of Massachusetts. It is also the 562nd largest bank in the nation. It was established in 1833 and as of June of 2019, it had grown to 198 employees at 16 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 Q2 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #90303
Year Established1833
Employees198
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.77%
Return on Equity - YTD7.19%
Annual Interest Income$28.2MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$1.48B$1.38B
LoansQ2 2019vs Q2 2018$1.10B$1.02B
DepositsQ2 2019vs Q2 2018$1.23B$1.13B
Equity CapitalQ2 2019vs Q2 2018$158.7MM$143.0MM
Loan Loss AllowanceQ2 2019vs Q2 2018$11.4MM$9.2MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$7.7MM$5.2MM
Real Estate OwnedQ2 2019vs Q2 2018$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
2.00%$10$50kRewards Savings
0.15%*$25k*-Premium Savings
OTHER TIERS: 0.05% → $10 - $25k
0.05%$2k-Business Savings
0.05%$10-Regular Savings - Statement
0.03%$10-Regular Savings - Passbook

South Shore Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%*$100k*$3mPreferred Money Market w/ Checking
OTHER TIERS: 0.05% → $10 - $2.5k | 0.15% → $2.5k - $25k | 0.25% → $3m+ | 0.35% → $25k - $50k | 0.50% → $50k - $100k
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
2.50%$10$25kRewards Checking
0.05%$10-Preferred Checking

South Shore Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.75%$1k-60 Month CD
1.75%$1k$500k30 Month CD
1.75%$1k$500k44 Month Rewards CD w/ Relationship
1.60%$1k$500k14 Month Rewards CD w/ Relationship
1.60%$1k$500k16 Month CD
1.50%$1k-9 Month CD
1.25%$1k-48 Month CD
1.00%$1k-36 Month CD
1.00%$1k$500k44 Month Rewards CD w/o Relationship
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$500k14 Month Rewards CD w/o Relationship
0.30%$1k-6 Month CD
0.25%$1k-3 Month CD

South Shore Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.75%$1k-60 Month IRA
1.75%$1k-30 Month IRA
1.60%$1k$500k16 Month IRA
1.50%$1k-9 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
0.30%$1k-6 Month IRA
0.25%$1k-3 Month IRA
Locations

Availability



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