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Personal Banking
  Personal Savings Account

Personal Savings Accounts

Open a personal savings account and start making your money work for you! At South Shore Bank, we provide a number of bank savings accounts, with flexible options for all levels of savers. Discover which savings account is right for you.

Statement Savings Accounts

  • 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.

Premium Savings Accounts

Passbook Savings Accounts

  • 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

View our current Personal Savings Account interest rates.

Call us at (781) 682-3715 to learn more about our Savings Accounts

 
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Your Deposits are Insured in Full
All deposits at South Shore Savings Bank 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).

"NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS
All funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules.

The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest.  It also includes interest on Lawyers Trust Accounts (“IOLTAs”). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money-market deposit accounts.

For more information about FDIC insurance coverage of transaction accounts, visit www.fdic.gov.