Accounts That Reward
If you're looking for bonus benefits, we have options for you. Our high yield checking, savings, and CD accounts can help you maximize your dollars as you strive to make the most of your money.
This high interest checking account offers a premium rate and ATM refunds when monthly requirements are met. As an account holder, you are also eligible to open Rewards Savings and Rewards Certificate of Deposit (CD) accounts.
- Earn 1.50% APY* on balances
- ATM fee refunds**
- No monthly fee***
- No minimum balance required
Rewards Savings Account****
When you meet the monthly requirements for your Rewards Checking account, you are also eligible to earn a premium interest rate of 1.25% APY† on your savings account balance.
Rewards Certificate of Deposit (CD)
If you have a Rewards Checking account and meet the monthly requirements, you can take advantage of higher CD rates. These CD specials are only available for a limited time, so stop by any branch or contact us for more information.
A statement cycle ends the last business day of the calendar month.
*1.50% Annual Percentage Yield (APY) as of 4/1/20 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 0.03% 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 0.03% APY will be paid on balances above and including $10. The APY will range downward from 1.50% depending on the balance in the account. For example, the APY, for a balance of $50,000.00 would be 0.77%. Rates may change at any time without prior notice.
**Requirements for each statement cycle are: at least 10 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 Offer may be withdrawn at any time.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. There is a maximum of 6 transfers allowed from a savings account per month. 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.
†1.25% Annual Percentage Yield (APY) as of 4/1/20 is paid on balances provided all account requirements of your corresponding Rewards Checking Account are met for the prior month.