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 24^th largest bank in the state of Massachusetts. It is also the 535^th largest bank in the nation. It was established in 1833 and as of December of 2021, it had grown to 213 employees at 13 locations. South Shore Bank has an A health rating.

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2014
2013
2012
Earlier

11/8 - South Shore Bank CD Rates - MA Only

7/29 - New Account Bonuses Up To $125 For Personal Or $250 For Business

8/15 - Personal & Business Checking Bonuses at South Shore Savings Bank - MA Only

10/12/10 - $200 Bonus For A Reward Checking Account At South Shore Savings Bank - MA Only
6/13/10 - $200 Reward Checking Account Bonus at South Shore Savings Bank in MA - Local Only
7/11/09 - High-Yield Reward Checking Account in South Shore Savings Bank in MA
1/21/09 - 3.50% 13-Month CD at South Shore Savings Bank in Massachusetts

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Health

Data as of Q4 2021

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Health Grade Components

Overall
FDIC Certificate #	90303
Year Established	1833
Employees	213
Primary Regulator	FED

Profit Margin
Return on Assets - YTD	0.96%
Return on Equity - YTD	10.4%
Annual Interest Income	$63.1MM

Assets and Liabilities
Assets	Q4 2021vs Q4 2020	$2.05B$1.90B
Loans	Q4 2021vs Q4 2020	$1.30B$1.36B
Deposits	Q4 2021vs Q4 2020	$1.78B$1.59B
Equity Capital	Q4 2021vs Q4 2020	$190.4MM$177.3MM
Loan Loss Allowance	Q4 2021vs Q4 2020	$20.0MM$19.9MM
Unbacked Noncurrent Loans	Q4 2021vs Q4 2020	$5.7MM$7.3MM
Real Estate Owned	Q4 2021vs Q4 2020	$0$176.00K

Rates

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Savings
Money Market
Checking
CD
IRA

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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

APY	MIN	MAX	ACCOUNT NAME
0.45%	-	-	Rewards Savings
0.05%^*	$25k^*	-	Premium Savings
OTHER TIERS: 0.01% → Up to $25k
0.05%	$10	-	IRA Savings
0.01%	$2k	-	Business Savings
0.01%	-	-	Statement Savings

South Shore Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.20%^*	$100k^*	-	Business Money Market
OTHER TIERS: 0.01% → $1k - $5k \| 0.05% → $5k - $100k
0.10%^*	$50k^*	-	High Yield Money Market
OTHER TIERS: 0.01% → Up to $25k \| 0.05% → $25k - $50k

South Shore Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.60%	-	$25k	Rewards Checking

South Shore Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.00%	$1k	-	36 Month CD
1.00%	$1k	-	48 Month CD
1.00%	$1k	-	60 Month CD
0.75%	$1k	-	22 Month CD
0.60%	$1k	-	14 Month Rewards CD w/ Relationship
0.50%	$1k	-	14 Month Rewards CD w/o Relationship
0.10%	$1k	-	12 Month CD
0.05%	$1k	-	6 Month CD

South Shore Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.00%	$1k	-	36 Month IRA
1.00%	$1k	-	48 Month IRA
1.00%	$1k	-	60 Month IRA
0.75%	$1k	-	22 Month IRA
0.60%	$1k	-	16 Month IRA
0.10%	$1k	-	12 Month IRA
0.05%	$1k	-	6 Month IRA

Locations

Availability

Boston Area

Boston Area bank & credit union details

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