Rewards Savings Account

As a South Shore Bank client, you deserve all the perks. That's why we offer the Rewards Savings account that lets you earn at a higher interest rate, and is the perfect companion to the Rewards Checking Account. Simply stay up to date on the monthly requirements, and start earning rewards today.

Rates

*Effective as of 5/18/2021

Account Type1Minimum Daily Balance to earn APY2APY
Rewards Savings (When requirements are met3)$10.000.750%
Rewards Savings (When requirements are not met3)$10.000.020%
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.

Ready to start earning rewards while you save?

*Must already have or open a Rewards Checking Account. 0.75% Annual Percentage Yield (APY) as of  2/1/21is 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 10 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 0.02% APY as of 2/1/21, 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.