Locations
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Deposit Rates
Checking Rates1
Effective as of 8/21/2025
| Account Type | Minimum Daily Balance to earn APY1 | Annual Percentage Yield (APY) 1 | |
|---|---|---|---|
| Rewards Checking*2 (Requirements are met) | $0 - $34,999.99 | 3.000% | |
| $35,000.00+ | 3.001% - 1.510% | ||
| Rewards Checking*2 (Requirements NOT met) | $0 | 0.010% |
1APY and rate subject to change without notice. Rate may change after the account is opened. Fees could reduce earnings on account.
23.00% APY as of 3/13/25 is paid on balances up to, and including, $34,999.99 provided all other account requirements are met for the current qualifying 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 APY of 0.01% will be paid on balances. The APY will range downward from 3.00% depending on the balance in the account. For example, the APY, for a balance of $70,000.00 would be 1.51%. Rates may change at any time without prior notice. Click here to learn more about Rewards Checking Qualification and Cycle Dates. *We are not accepting new accounts of this type.
Savings Rates1
Effective as of 8/21/2025
| Account Type1 | Minimum Daily Balance to earn APY2 | Annual Percentage Yield (APY) 2 | |
|---|---|---|---|
| Free Savings | $0 | 0.010% | |
| High-Yield Savings | $0 - < $10,000 | 0.010% | |
| $10,000 - $2,500,000 | 3.500%* | ||
| $2,500,000+ | 0.010% | ||
| Rewards Savings (When requirements are met**3) | $0 | 3.500% | |
| Rewards Savings (When requirements are not met**3) | $0 | 0.010% | |
| High-Yield Money Market | $0 - < $2,500 | 0.010% | |
| $2,500 - < $25,000 | 1.000% | ||
| $25,000 - < $50,000 | 2.000% | ||
| $50,000 - < $100,000 | 2.000% | ||
| $100,000 - < $1,000,000 | 2.000% | ||
| $1,000,000+ | 2.000% | ||
| IRA Savings | $0 | 0.050% |
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.
3Must already have or open a Rewards Checking Account. 3.500% Annual Percentage Yield (APY) as of 6/1/23 is paid on balances provided all account requirements of your corresponding Rewards Checking Account are met for the prior month. Click here to learn more about Rewards Checking Qualification and Cycle Dates. *We are not accepting new accounts of this type.
*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. This 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. Maximum deposit amount of $2,500,000 per household.
Business Savings Rates1
Effective as of 8/21/2025
| Type | Minimum Daily Balance to earn APY1 | Annual Percentage Yield (APY) 1 | |
|---|---|---|---|
| Business Savings | $2,000.00 | 0.010% | |
| Business Money Market | $1,000.00 | 0.200% | |
| $5,000.00 | 2.000% | ||
| $50,000.00 | 2.000% | ||
| $100,000.00 | 2.000% | ||
| $250,000.00 | 2.000% |
Certificates of Deposit Rates
Effective as of 8/21/2025
| Account Type | Minimum Daily Balance to earn APY1 | Annual Percentage Yield (APY) 1 | |
|---|---|---|---|
| 3 Month CD or IRA | $1,000.00 | 2.530% | |
| 5 Month CD or IRA2 | $1,000.00 | 4.070% | |
| 6 Month CD or IRA | $1,000.00 | 2.500% | |
| 7 Month CD or IRA3 | $1,000.00 | 4.000% | |
| 9 Month CD or IRA | $1,000.00 | 2.500% | |
| 11 Month CD or IRA4 | $1,000.00 | 3.750% | |
| 12 Month CD or IRA | $1,000.00 | 2.500% | |
| 18 Month CD or IRA | $1,000.00 | 2.000% | |
| 24 Month CD or IRA | $1,000.00 | 2.000% | |
| 30 Month CD or IRA5 | $1,000.00 | 3.250% | |
| 36 Month CD or IRA | $1,000.00 | 2.000% | |
| 48 Month CD or IRA | $1,000.00 | 2.000% | |
| 60 Month CD or IRA | $1,000.00 | 2.000% |
2At maturity, the 5-month CD will roll into a standard 6-month CD.
3At maturity, the 7-month CD will roll into a standard 6-month CD.
4At maturity, the 11-month CD will roll into a standard 12-month CD.
5At maturity, the 30-month CD will roll into a standard 24-month CD.
Business Certificates of Deposit Rates
Effective as of 8/21/2025
| Account Type | Minimum Daily Balance to earn APY1 | Annual Percentage Yield (APY) 1 | |
|---|---|---|---|
| 3 Month CD | $1,000.00 | 2.530% | |
| 5 Month CD2 | $1,000.00 | 4.070% | |
| 6 Month CD | $1,000.00 | 2.500% | |
| 7 Month CD3 | $1,000.00 | 4.000% | |
| 9 Month CD | $1,000.00 | 2.500% | |
| 11 Month CD4 | $1,000.00 | 3.750% | |
| 12 Month CD | $1,000.00 | 2.500% | |
| 18 Month CD | $1,000.00 | 2.000% | |
| 24 Month CD | $1,000.00 | 2.000% | |
| 30 Month CD5 | $1,000.00 | 3.250% | |
| 36 Month CD | $1,000.00 | 2.000% | |
| 48 Month CD | $1,000.00 | 2.000% | |
| 60 Month CD | $1,000.00 | 2.000% |
2At maturity, the 5-month CD will roll into a standard 6-month CD.
3At maturity, the 7-month CD will roll into a standard 6-month CD.
4At maturity, the 11-month CD will roll into a standard 12-month CD.
5At maturity, the 30-month CD will roll into a standard 24-month CD.