Savings and Money Markets

Whether your business is in its beginning stages, fully formed, or in the process of expanding, we’re here to help! We have a variety of savings accounts to help with all of your business needs, all accessible from your free online and mobile banking platform, for your convenience. 

Compare our Business Savings Accounts

Business Statement SavingsBusiness Money MarketBusiness Platinum Money Market
Monthly Fee$3.00$5.00$5.00
Ways to Waive Monthly Fee$2,000 minimum daily balance (current cycle period)$5,000 minimum daily balance (current cycle period)$5,000 minimum daily balance (current cycle period)or a combined deposit balances (average balances previous month) of $5,000 or more1
Free Online & Mobile Banking
eStatements
Available with Business Checking Products 1
Additional FeatureMake up to 6 electronic or telephone debits, withdrawals, or transfers each month.Make up to 6 electronic or telephone debits, withdrawals, or transfers each month.Make up to 6 electronic or telephone debits, withdrawals, or transfers each month.
1 Only available with Business Platinum Checking or Commercial Checking Account. If you do not meet the requirement ($40,000) in the Commercial or Platinum Checking account, the Business Platinum Money Market will receive the regular Business Money Market rate.

Business Savings Accounts Rates

TypeMinimum Daily Balance to earn APY1APY
Business Savings$2,000.000.020%
Business Money Market$1,000.000.020%
$5,000.000.100%
$50,000.000.100%
$100,000.000.200%
$250,000.000.200%
Business Platinum Money Market2$0 - $99,999.990.100%
$100,000.00 - $499,999.990.500%
$500,000.00 +0.400%
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. Please consult a Personl Banking Manager for information about fees and terms for these accounts. 

2Only available with Business Platinum Checking or Commercial Checking Account.  If you do not meet the requirement ($40,000) in the Commercial or Platinum Checking account, the Business Platinum Money Market will receive the regular Business Money Market rate.

Business Credit Cards

Choose from a variety of South Shore Bank's business credit card options for convenient ways to earn rewards, separate business expenses from personal, and track spending at competitive rates and the professional service you've come to expect.

Business Debit Cards

South Shore Bank's business debit card lets you seamlessly withdraw and deposit cash at any ATM, set daily limits for point-of-sale purchases, and allows your employees to make convenient purchases.