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There’s no monthly fee and no minimum balance required to maintain this account, just great rewards to support that daily coffee habit or help you save for your next big trip! Speaking of saving, there’s a rewards account for that too. Use your checking rewards to open a Rewards Savings account and make your money work for you!

Earn

2.50%APY*

on balances up to $24,999.99

 

  • Balances $25,000.00 and above, receive our
    Preferred Checking rate which is .05% APY*
  • ATM fee refunds nationwide**
Earn

2.00%APY**

on balances when you meet the requirements on
your Rewards Checking Account


Earn our Statement Savings Account rate if Rewards
Checking Account qualifications are not met***

Open An Account


A statement cycle ends the last business day of the calendar month.

*2.50% Annual Percentage Yield (APY) as of 1/2/19 is paid on balances up to, and including, $24,999.99 provided all other account requirements are met for the current statement cycle. For balances $25,000.00 and above, the Preferred Checking Interest Rate and APY of 0.05% will be paid on the portion of your daily balance that is $25,000.00 or greater. If requirements are not met, the Preferred Checking Interest Rate of 0.05% APY will be paid on balances above and including $10. The APY will range downward from 2.50% depending on the balance in the account. For example, the APY, for a balance of $50,000.00 would be 1.27%. Rates may change at any time without prior notice.

**Requirements for each statement cycle are: at least 15 debit card purchases posted per statement cycle, sign up and use Online Banking and Bill Pay at least once per statement cycle, receive at least one direct deposit per statement cycle, and receive a monthly eStatement. If requirements are met, South Shore Bank will refund up to $10 per statement cycle for another bank’s ATM surcharges & will not charge a foreign ATM fee for using another bank’s ATM. Account requirements will be waived for the first statement cycle. Offer may be withdrawn at any time. One account per tax reporting owner. A statement cycle ends the last business day of a calendar month.

***Normal activity charges will apply. Fees may apply and could reduce earnings. Message and data rates may apply.

****$10 minimum deposit to open. Rates may change at any time without prior notice. Offer may be withdrawn at any time. One account per tax reporting owner. Fees may apply and could reduce earnings.

*****Message and data rates may apply.

†2.00% Annual Percentage Yield (APY) as of 1/2/19 is paid on balances provided all account requirements of your corresponding Rewards Checking Account are met for the prior month.

(781) 682-3715 |

Routing #211371447

Member DIF | Member FDIC | NMLs #407656

Equal Housing Lender

Your Deposits are Insured in Full
All deposits at South Shore Bank are insured in full. Each depositor is insured by Federal Deposit Insurance Corporation (FDIC) to at least $250,000. All deposits above the FDIC insurance amount are insured by Depositors Insurance Fund (DIF).

NOTICE OF EXPIRATION OF THE TEMPORARY FULL FDIC INSURANCE COVERAGE FOR NONINTEREST-BEARING TRANSACTION ACCOUNTS
By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor's accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.

The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes interest on Lawyers Trust Accounts ("IOLTAs"). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money-market deposit accounts.

For more information about FDIC insurance coverage of transaction accounts, visit www.fdic.gov.