South Shore Savings Bank offers a variety of savings and investment accounts 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.

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

Statement Savings Accounts

• Convenient access to your money
• One easy-to-read monthly statement
• Open an 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 Debit MasterCard® to give you 24-hour access to your account.

Premium Savings

• Ideal for people who maintain higher deposit levels
• Minimum balance of $25,000
• Higher rate than traditional savings account (Click here for current interest rates)

Passbook Savings Accounts

• Permanent record of your savings account transactions
• Open an account with as little as $10
• Monthly service charge is waived if you maintain a balance of $200 or more

Money Market Accounts

• Perfect choice for those who keep a larger balance in their savings account
• No withdrawal penalties
• Minimum balance of just $2,500 earns our higher money market rate.  Click here for current interest rates.
• If you keep $5,000 or more in your Money Market Account, we will waive the normal monthly service charge on your NOW Checking Account.
• For your added convenience, those who choose the statement option may request an ATM card, as well as a checkbook to write a limited number of checks on this account.
• Certain Transaction Limitations Apply

High Yield Money Market Accounts

• Pays higher rates for those who maintain higher balances ($25,000 or more)
• 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

Certificates of Deposit

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

Individual Retirement Accounts (IRAs)

• 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.
  

Your Deposits are Insured in Full
All deposits at South Shore Savings Bank are insured in full. On October 3, 2008, Federal Deposit Insurance Corporation (FDIC) deposit insurance temporarily increased from $100,000 to $250,000 per depositor through December 31, 2009. Deposit Insurance Fund (DIF) insures all deposits above these amounts.