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New! High Yield Savings
Earn 3.50%* Annual Percentage Yield (APY) and unlock the potential of your savings with our high-yield savings account, designed to maximize your earnings while keeping your money secure and readily available.
Features
- Earn 3.50%* APY on balances between $10,000 up to $2,500,000
Increase your earnings with higher interest rates to reach your financial goals faster.
An excellent vehicle for building and maintaining an emergency fund.
Your savings are secured with FDIC and DIF protections.
- Must be opened with a minimum of $10,000 in new funds not already on deposit with South Shore Bank
Effective as of 12/4/2024
| Account Type1 | Minimum Daily Balance to earn APY2 | Annual Percentage Yield (APY) 2 | |
|---|---|---|---|
| High Yield Savings | $0 - < $10,000 | 0.010% | |
| $10,000 - < $2,500,000 | 3.500%* | ||
| $2,500,000+ | 0.010% |
1$10 minimum deposit to open. 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 contact our Client Information Center for information about fees and terms for these accounts.
*Must be opened with a minimum of $10,000 in new funds not already on deposit with South Shore Bank. 3.50% APY as of 11/21/24 is the preferred interest rate on your account is based on a minimum balance of $10,000.00 up to $2,500,000. For balances under $10,000.00 or over $2,500,000 the interest rate of 0.01% with an APY of 0.01% will be paid on the entire balance.