A statement cycle ends the last business day of the calendar month.
*4.50% APY as of 9/1/23 is paid on balances up to, and including, $34,999.99 provided all other account requirements are met for the current statement cycle. For balances $35,000.00 and above, the interest rate and APY of 0.01% will be paid on the portion of your daily balance that is $35,000.00 or greater. If requirements are not met, the interest rate of 0.01% APY will be paid on balances. The APY will range downward from 4.50% depending on the balance in the account. For example, the APY, for a balance of $70,000.00 would be 2.260%. APY and rate subject to change without notice. Rate may change after the account is opened. Fees could reduce earnings on account.
**Requirements for each statement cycle are: Sign-up and receive a monthly eStatement each month. Receive at least one direct deposit per statement cycle with a minimum monthly total ≥$1000, at least 15 debit card purchases posted per statement cycle (excluding ATM transactions). Eligible clients aged 65+ may qualify for a lower combined direct deposit requirement of $500 per statement cycle. 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 Offer may be withdrawn at any time.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.
***$10 minimum deposit to open.
†3.50% APY as of 9/1/23 is paid on balances provided all account requirements of your corresponding Rewards Checking Account are met for the prior month.