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Great Rates, Great Rewards, Simplified!

At South Shore Bank, sharing success with our clients means working with you to help you earn the most on your money.

With that in mind, effective September 1, 2023, we’re making some changes to the requirements to earn 4.50% APY* on your Rewards Checking Account. These changes mean more of our clients are eligible to earn the higher interest rate.

Great Rate! Your free Rewards Checking Account will allow you to earn 4.50% APY* on balances up to $34,999.99, a significant increase above our current balance amount.

Great Rewards!

  • ATM fee refunds nationwide**
  • No monthly fee
  • No minimum balance required to maintain account***
  • Open a Rewards Savings with a 3.50% APY†
  • Special rates on a Rewards CD

Requirements

  • Sign up to receive monthly eStatements.
  • Receive at least one direct deposit per statement cycle with a minimum monthly total ≥ $1000.
  • Eligible clients aged 65+ may qualify for a lower combined direct deposit requirement of $500 per statement cycle.
  • At least 15 debit card purchases posted per statement cycle (excluding ATM transactions).

Our Digital Advisors are available to answer any questions you may have, please contact our Client Information Center (CIC) at 781.682.3715. Our secure live chat on southshorebank.com is also available Monday – Friday 7:00 AM - 7:00 PM and Saturday 7:00 AM - 2:00 PM.

Your commitment as our client is much appreciated. We are committed to helping you reach your financial goals.

Thank you,

Dan Picha
Chief Banking Officer


A statement cycle ends the last business day of the calendar month.

*4.50% Annual Percentage Yield (APY) as of 9/1/23 is paid on balances up to, and including, $34,999.99 provided all other account requirements are met for the current statement cycle. For balances $35,000.00 and above, the interest rate and APY of 0.01% will be paid on the portion of your daily balance that is $35,000.00 or greater. If requirements are not met, the interest rate of 0.01% with an Annual Percentage Yield (APY) of 0.01% will be paid on balances. The APY will range downward from 4.50% depending on the balance in the account. For example, the APY, for a balance of $70,000.00 would be 2.260%. Rates may change at any time without prior notice.

**Requirements for each statement cycle are: Sign-up and receive a monthly eStatement each month. Receive at least one direct deposit per statement cycle with a minimum monthly total ≥$1000, at least 15 debit card purchases posted per statement cycle (excluding ATM transactions). Eligible clients aged 65+ may qualify for a lower combined direct deposit requirement of $500 per statement cycle. 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.

†3.50% Annual Percentage Yield (APY) as of 9/1/23 is paid on balances provided all account requirements of your corresponding Rewards Checking Account are met for the prior month.