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New! High-Yield Savings

Earn 3.50%* Annual Percentage Yield (APY) and unlock the potential of your savings with our high-yield savings account, designed to maximize your earnings while keeping your money secure and readily available.  

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Features 

  • Earn 3.50%* APY on balances between $10,000 up to $2,500,000

  • Increase your earnings with higher interest rates to reach your financial goals faster.

  • An excellent vehicle for building and maintaining an emergency fund.

  • Your savings are secured with FDIC and DIF protections.

  • Must be opened with a minimum of $10,000 in new funds not already on deposit with South Shore Bank 

Effective as of 10/31/2025

Account Type1Minimum Daily Balance to earn APY2Annual Percentage Yield (APY) 2
High-Yield Savings$0 - < $10,0000.010%
$10,000 - $2,500,0003.500%*
$2,500,000+ 0.010%

1Annual Percentage Yield (APY) and rate subject to change without notice. Rate may change after the account is opened. Fees could reduce earnings on account. 

2,*Must be opened with a minimum of $10,000 in new funds not already on deposit with South Shore Bank. 3.50% APY as of 9/22/2025 is the preferred interest rate on your account. This is based on a minimum balance of $10,000 up to $2,500,000. For balances under $10,000 or over $2,500,000 the interest rate of 0.01% with an APY of 0.01% will be paid on the entire balance. Maximum deposit amount of $2,500,000 per household.