A statement cycle ends the last business day of the calendar month.
*1.00% Annual Percentage Yield (APY) as of 2/1/21 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 interest rate and APY of 0.02% will be paid on the portion of your daily balance that is $25,000.00 or greater. If requirements are not met, the interest rate of 0.02% APY will be paid on balances above and including $10. The APY will range downward from 1.00% depending on the balance in the account. For example, the APY, for a balance of $50,000.00 would be 0.51%. 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 Offer may be withdrawn at any time.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.
***$10 minimum deposit to open. Normal activity charges will apply. Fees may apply and could reduce earnings. Message and data rates may apply.
****Overdraft Protection Programs 1030.11(b)
- (i) Fees or fees for the payment of each overdraft
- (ii) Categories of transactions for which a fee for paying an overdraft may be imposed
- (iii) Time period by which the consumer must repay or cover an overdraft
- (iv) Circumstances under which the institutions will not pay an overdraft
†0.75% Annual Percentage Yield (APY) as of 2/1/21 is paid on balances provided all account requirements of your corresponding Rewards Checking Account are met for the prior month.