South Shore Bank

Overview / Commentary
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 532nd largest bank in the nation. It was established in 1833 and as of June of 2020, it had grown to 190 employees at 14 locations. South Shore Bank has an A health rating.


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Health Grade Components

FDIC Certificate #90303
Year Established1833
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.28%
Return on Equity - YTD2.82%
Annual Interest Income$29.9MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$1.83B$1.48B
LoansQ2 2020vs Q2 2019$1.37B$1.10B
DepositsQ2 2020vs Q2 2019$1.51B$1.23B
Equity CapitalQ2 2020vs Q2 2019$171.4MM$158.7MM
Loan Loss AllowanceQ2 2020vs Q2 2019$15.4MM$11.4MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$8.4MM$7.7MM
Real Estate OwnedQ2 2020vs Q2 2019$0$0
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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

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

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

1.50%$10$25kRewards Checking
0.03%$10-Preferred Checking

South Shore Bank CD Rates

0.90%$1k$500k44 Month Rewards CD w/ Relationship
0.80%$1k-60 Month CD
0.70%$1k-48 Month CD
0.60%$1k-24 Month CD
0.60%$1k-36 Month CD
0.60%$1k$500k30 Month CD
0.60%$1k$500k14 Month Rewards CD w/ Relationship
0.60%$1k$500k16 Month CD
0.50%$1k-6 Month CD
0.50%$1k-18 Month CD
0.50%$1k$500k14 Month Rewards CD w/o Relationship
0.50%$1k$500k44 Month Rewards CD w/o Relationship
0.40%$1k-9 Month CD
0.40%$1k-12 Month CD
0.40%$1k-15 Month CD
0.25%$1k-3 Month CD

South Shore Bank IRA Rates

0.80%$1k-60 Month IRA
0.70%$1k-48 Month IRA
0.60%$1k-24 Month IRA
0.60%$1k-36 Month IRA
0.60%$1k-30 Month IRA
0.60%$1k$500k16 Month IRA
0.50%$1k-6 Month IRA
0.50%$1k-18 Month IRA
0.40%$1k-9 Month IRA
0.40%$1k-12 Month IRA
0.40%$1k-15 Month IRA
0.25%$1k-3 Month IRA


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