South Shore Bank

Overview / Commentary
1530 Main Street
South Weymouth, MA 02190

South Shore Bank is headquartered in SOUTH WEYMOUTH and is the 25th largest bank in the state of Massachusetts. It is also the 549th largest bank in the nation. It was established in 1833 and as of December of 2023, it had grown to 231 employees at 13 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 Grade Components

FDIC Certificate #90303
Year Established1833
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.72%
Return on Equity - YTD8.35%
Annual Interest Income$92.1MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$2.16B$2.11B
LoansQ4 2023vs Q4 2022$1.44B$1.37B
DepositsQ4 2023vs Q4 2022$1.88B$1.88B
Equity CapitalQ4 2023vs Q4 2022$203.1MM$172.4MM
Loan Loss AllowanceQ4 2023vs Q4 2022$15.1MM$20.1MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$2.5MM$3.4MM
Real Estate OwnedQ4 2023vs Q4 2022$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

3.50%--Rewards Savings
0.05%$10-IRA Savings
0.01%$2k-Business Savings
0.01%--Statement Savings

South Shore Bank Money Market Rates

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

4.50%-$25kRewards Checking

South Shore Bank CD Rates

5.00%$1k-7 Month CD
5.00%$1k-Business 7 Month CD
4.75%$1k-11 Month CD
4.75%$1k-Business 11 Month CD
4.50%$1k-14 Month Rewards CD w/ Relationship
2.50%$1k-6 Month CD
2.50%$1k-9 Month CD
2.50%$1k-12 Month CD
2.50%$1k-Business 6 Month CD
2.50%$1k-Business 12 Month CD
2.50%$1k-Business 9 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
0.05%$1k-14 Month Rewards CD w/o Relationship

South Shore Bank IRA Rates

5.00%$1k-7 Month IRA
4.75%$1k-11 Month IRA
2.50%$1k-6 Month IRA
2.50%$1k-9 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


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