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Personal Savings Accounts

A savings account is a basic way to start saving for the future. Most of our savings accounts offer online and mobile banking and the ability to add an ATM Card. You can also easily transfer money between your checking and savings accounts.

All balances are insured in full. Each depositor is insured by Federal Deposit Insurance Corporation (FDIC) to at least $250,000. All deposits above the FDIC insurance amount are insured by Depositors Insurance Fund (DIF).

Statement Savings Accounts Features:

  • Convenient access to your money
  • One easy-to-read monthly statement
  • Open a personal savings account with as little as $10
  • Monthly service charge is waived if you maintain a balance of $200 or more
  • Add a South Shore Bank ATM card to give you 24-hour access to your account

Rewards Savings Account** Features:


Premium Savings Accounts Features:

  • Ideal for people who maintain higher deposit levels in their savings accounts
  • Minimum balance of $25,000
  • Higher rate than traditional personal savings accounts
  • View our current Premium Savings Account Rate

Passbook Savings Accounts Features:

  • Permanent record of your savings account transactions
  • Open personal savings accounts with as little as $10
  • Monthly service charge is waived if you maintain a savings account balance of $200 or more

**Must already have or open a Rewards Checking Account. 1.35% Annual Percentage Yield (APY) as of 5/21/18 is paid provided all account requirements of your corresponding Rewards Checking Account are met for the prior month. Requirements on the Rewards Checking Account are sign up to receive monthly e-Statements, receive at least one direct deposit per statement cycle, make at least 15 debit card purchases per statement cycle (excluding ATM transactions) and sign up and use Online Banking and Bill Pay at least once per statement cycle. A statement cycle ends the last business day of the calendar 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 0.05% APY as of 3/1/18, on balances above and including $10. $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 Offer may be withdrawn at any time.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 per tax reporting owner. Fees may apply and could reduce earnings.