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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 24th largest bank in the state of Massachusetts. It is also the 515th largest bank in the nation. It was established in 1833 and as of June of 2022, it had grown to 210 employees at 12 locations. South Shore Bank's money market rates are 5X the national average, and it has an A health rating.

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Health
A

Data as of Q2 2022

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #90303
Year Established1833
Employees210
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.76%
Return on Equity - YTD8.8%
Annual Interest Income$30.3MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$2.11B$2.00B
LoansQ2 2022vs Q2 2021$1.35B$1.31B
DepositsQ2 2022vs Q2 2021$1.86B$1.71B
Equity CapitalQ2 2022vs Q2 2021$170.7MM$184.3MM
Loan Loss AllowanceQ2 2022vs Q2 2021$20.1MM$20.0MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$5.3MM$4.8MM
Real Estate OwnedQ2 2022vs Q2 2021$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
3.00%--Rewards Savings
0.05%$10-IRA Savings
0.01%$2k-Business Savings
0.01%--Statement Savings

South Shore Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%*$25k*-High Yield Money Market
OTHER TIERS: 0.01% → Up to $2.5k | 1.00% → $2.5k - $25k
2.00%*$5k*-Business Money Market
OTHER TIERS: 0.20% → $1k - $5k

South Shore Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.50%-$25kRewards Checking

South Shore Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.75%$1k-14 Month Rewards CD w/ Relationship
3.50%$1k-11 Month CD
3.50%$1k-Business 11 Month CD
2.50%$1k-6 Month CD
2.50%$1k-12 Month CD
2.50%$1k-Business 6 Month CD
2.50%$1k-Business 12 Month CD
2.00%$1k-18 Month CD
2.00%$1k-24 Month CD
2.00%$1k-36 Month CD
2.00%$1k-48 Month CD
2.00%$1k-60 Month CD
2.00%$1k-Business 18 Month CD
2.00%$1k-Business 24 Month CD
2.00%$1k-Business 36 Month CD
2.00%$1k-Business 48 Month CD
2.00%$1k-Business 60 Month CD
1.75%$1k-15 Month CD
1.75%$1k-Business 15 Month CD
0.50%$1k-14 Month Rewards CD w/o Relationship

South Shore Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.50%$1k-11 Month IRA
2.50%$1k-6 Month IRA
2.50%$1k-12 Month IRA
2.00%$1k-18 Month IRA
2.00%$1k-24 Month IRA
2.00%$1k-36 Month IRA
2.00%$1k-48 Month IRA
2.00%$1k-60 Month IRA
1.75%$1k-15 Month IRA
Locations

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