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Rates
  Deposit Rates

Discover how hard your money can work for you when you invest it in South Shore Savings Bank. With high APYs (Annual Percentage Yield) on Checking & Savings Accounts, as well as competitive Certificate of Deposit rates, South Shore Savings Bank is committed to making your financial future bright.


Effective Date: 1/30/2012

Checking & Savings Rates*

ProgramMinimum Daily Balance to earn APYAPY        
Rewards Checking$10-$24,999.99**
$25,000.00 and above
$10; if requirements are not met		1.750%

0.050%

0.050%
Relationship Checking$100.050%
Regular Savings
(Passbook or Statement)		$100.150%
Premium Savings$25,000
Below $25,000		0.250%
0.150%
High Yield Money Market$100,000
$50,000
$25,000
$10		0.250%
0.150%
0.150%
0.100%
Business Savings$2,0000.100%
Business Money Market$250,000
$100,000
$50,000
$5,000
$1000		0.250%
0.250%
0.150%
0.150%
0.100%
Business Platinum Money Market$250,000
$100,000
$50,000
$5,000
$1,000		0.250%
0.250%
0.150%
0.150%
0.100%

*Annual 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 consult a Customer Service Representative for information about fees and terms for these accounts. **1.750% Annual Percentage Yield (APY) is paid on balances up to, and including, $24,999.99 provided all other account requirements are met. For balances $25,000.00 and above, or where accounts requirements are not met; the Interest Rate of 0.05% will be paid for the entire balance or the portion of your daily balance that is $25,000.00 or greater and the APY will range downward from 1.750% depending on the balance in the account. For example, the APY for a balance of $50,000.00 would be .90%. Certain products are available to open online. Products that are not available to open online can be opened in any of our branches.


Effective Date: 1/30/2012

Certificates of Deposit Rates*

ProgramMinimum Daily Balance to earn APYAPY
3 Month CD or IRA$1,000.250%
6 Month CD or IRA$1,000.350%
9 Month CD or IRA$1,000.400%
12 Month CD or IRA$1,000.600%
15 Month CD or IRA$1,000.650%
18 Month CD or IRA$1,000.800%
24 Month CD or IRA$1,0001.000%
36 Month CD or IRA$1,0001.500%
48 Month CD or IRA$1,0001.500%
60 Month CD or IRA$1,0001.500%

*Annual Percentage Yield (APY) and rate subject to change. A penalty will be imposed for early withdrawal from a certificate account.

 
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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.