Open a personal savings account and start making your money work for  you! South Shore Savings Bank offers a variety of personal savings accounts and investment services to help you meet your personal financial goals.  Whether you’re saving for next summer’s vacation, building a retirement nest egg, or creating a fund for the kids’ education, we have a plan to get you started and keep you on track.  And, unlike many alternatives, when you save with us, every dollar you deposit is 100 percent safe, sound and insured.  Discover which savings account is right for you.

• Statement Savings Accounts
• Passbook Savings Accounts
• Premium Savings Account
• High Yield Money Market Accounts
• Certificates of Deposit
• Individual Retirement Accounts (IRAs)

Personal Savings Accounts

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 Savings Bank ATM card to give you 24-hour access to your account.

Premium Savings Accounts

• Ideal for people who maintain higher deposit levels in their savings accounts
• Minimum balance of $25,000
• Higher rate than traditional personal savings accounts 
• View our current Premium Savings Account rate. 

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

High Yield Money Market Accounts

High Yield Money Market Accounts from South Shore Savings Bank are a great way to earn high interest rates on bank deposits.  This type of savings account offers:

• Higher rates for those who maintain higher balances
• Tiered interest rate – the more you have on deposit, the more you earn.  Click here for current interest rates.
• Add features such as an ATM card, online banking access and check-writing convenience
• Certain Transaction Limitations Apply
• View our current High Yield Money Market Account interest rates. 

Certificates of Deposit

• Guaranteed return on your investment
• Lock in a competitive CD interest rate for a few months or a number of years - you choose the term that best meets your needs.  
• If you're supplementing a fixed income, we can automatically deposit your monthly interest into a South Shore Savings Bank checking account so you can have immediate access to it - just ask a Customer Service Representative.
• View our current Certificate of Deposit interest rates. 

Individual Retirement Accounts (IRAs)

South Shore Savings Bank offers both traditional IRA accounts and Roth IRA accounts to our customers.

• Traditional IRA
  With a traditional IRA, your earnings are tax deferred until you start to make withdrawals. Also, your contributions may be tax-deductible.
• Roth IRA
  A Roth IRA allows you to save after tax dollars today, let the investment of your earnings grow tax deferred and make qualifying tax free withdrawals. With a Roth IRA, contributions are not tax deductible.

Contact us at (781) 682-3715 to learn more about IRA accounts.

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).