South Shore Bank

Rates

Consumer Loan Rates

Deposit Rates

Home Equity Rates

Calculators

Deposit Rates

Discover how hard your money can work for you when you invest it in South Shore Bank. With high APYs (Annual Percentage Yield) on Checking & Savings Accounts, as well as competitive Certificate of Deposit rates, South Shore Bank is committed to making your financial future bright.

 

4.Checking & Savings Rates*
(Effective: Friday, April 25, 2014)
Program
Minimum Daily Balance
to earn APY*
APY
Rewards Checking**
(If requirements are met)

$25,000.00
0.050%
$10.00
1.750%
Rewards Checking**
(If requirements are not met)

$10.00
0.050%
Relationship Checking
$10.00
0.050%
Regular Savings
(Passbook or Statement)

$10.00
0.050%
Premium Savings
$10.00
0.050%
$25,000.00
0.200%
High Yield Money Market
$10.00
0.050%
$50,000.00
0.100%
$25,000.00
0.100%
$100,000.00
0.200%
Rewards Savings
(When requirements are met*** Max. $50,000. )
$10.00
1.250%
Rewards Savings
(When requirements are not met*** Max. $50,000)
$10.00
0.050%
Business Savings
$2,000.00
0.050%
Business Money Market
$1,000.00
0.050%
$50,000.00
0.100%
$5,000.00
0.100%
$250,000.00
0.200%
$100,000.00
0.200%
Business Platinum Money Market
$1,000.00
0.050%
$50,000.00
0.100%
$5,000.00
0.100%
$250,000.00
0.200%
$100,000.00
0.200%
*Annual 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 Customer Service Representative for information about fees and terms for these accounts. **1.75% Annual Percentage Yield (APY) as of 4/15/14 is paid on balances up to, and including, $24,999.99 provided all other account requirements are met. For balances $25,000.00 and above, the Relationship Checking Interest Rate of 0.05% APY will be paid on the portion of your daily balance that is $25,000.00 or greater. If requirements are not met, the Relationship Interest Rate of 0.05% will be paid on balances above and including $10. The APY will range downward from 1.75% depending on the balance in the account. For example, the APY for a balance of $50,000.00 would be 0.90%. Normal activity charges will apply. Fees could reduce earnings. Rates may change at any time without prior notice. Rates may change after account opening. Requirements for each statement cycle are: make at least 15 debit card purchases, sign up and use Home Banking and Bill Pay at least once per statement cycle, receive at least one direct deposit per statement cycle, and receive a monthly e-Statement. If requirements are met, South Shore Bank will refund up to $10 per statement cycle and will not charge a foreign ATM fee for using another Bank's ATM. Account requirements will be waived for the first statement cycle. $10 minimum deposit to open. 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. ***Must already have or open a Rewards Checking Account. 1.25% Annual Percentage Yield (APY) as of 4/15/14 is paid on balances up to and including $50,000 provided all account requirements of your corresponding Rewards Checking Account are met for the prior month. If requirements are not met, you will earn our Statement Savings Rate, which is 0.05% APY as of 4/15/14, on balances above and including $10. Amounts above $50,000 will be automatically swept to your Rewards Checking Account. This sweep is part of the maximum of 6 transfers allowed from a savings account per month. Rates may change at any time without prior notice. One per tax reporting owner. Certain products are available to open online. Products that are not available to open online can be opened in any of our branches.


5.Certificates of Deposit Rates*
(Effective: Friday, April 25, 2014)
Program
Minimum Daily Balance
to earn APY*
APY
3 Month CD or IRA
$1,000.00
0.200%
6 Month CD or IRA
$1,000.00
0.250%
9 Month CD or IRA
$1,000.00
0.250%
12 Month CD or IRA
$1,000.00
0.400%
15 Month CD or IRA
$1,000.00
0.500%
18 Month CD or IRA
$1,000.00
0.600%
19 Month CD or IRA
$1,000.00
1.000%
24 Month CD or IRA
$1,000.00
0.700%
36 Month CD or IRA
$1,000.00
0.750%
37 Month CD or IRA
$1,000.00
1.500%
48 Month CD or IRA
$1,000.00
1.000%
60 Month CD or IRA
$1,000.00
1.100%
*Annual Percentage Yield (APY) and rate subject to change. A penalty will be imposed for early withdrawal from a certificate account.




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