Savings

Saving can be tricky, but with a little help from us at South Shore Bank, you can reach your financial goals faster and easier than ever before! Choose from any one of our great savings and money market options, and tell us about your budget goals! We'll help you get closer to your future financial goals right away.

Compare our savings accounts

*Effective as of 5/18/2021

Account Type1Minimum Daily Balance to earn APY2APY
Statement Savings$10.000.020%
Passbook Savings$10.000.020%
Premium Savings$10.000.020%
$25,0000.050%
High Yield Money MarketEqual to or greater than $0 but less than $2,5000.010%
Equal to or greater than $2,500 but less than $25,0000.020%
Equal to or greater than $25,000 but less than $50,0000.100%
Equal to or greater than $50,000 but less than $100,0000.200%
Equal to or greater than $100,000 but less than $1,000,0000.200%
Equal to or greater than $1,000,0000.200%
Rewards Savings (When requirements are met3)$10.000.750%
Rewards Savings (When requirements are not met3)$10.000.020%
IRA SavingsEqual to or greater than $0 but less than $100.000%
Equal to or greater than $100.100%
1$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. Certain products are available to open online. Products that are not available to open online can be opened in any of our branches.

2Annual 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 Personal Banking Manager for information about fees and terms for these accounts.

3Must already have or open a Rewards Checking Account. 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. Please refer to your Rewards Checking Account disclosure for monthly requirements. If requirements are not met, you will earn our Statement Savings Rate, which is 0.020% APY as of 2/1/21, on balances above and including $10.

* Balance below $25,000.00 will earn the Statement Savings account rate.

­**Must already have or open a Rewards Checking Account. 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. Please refer to your Rewards Checking Account disclosure for monthly requirements. If requirements are not met, you will earn our Statement Savings Rate, which is 0.020% APY as of 2/1/21, on balances above and including $10.