Bank · FDIC insured
South Shore Bank Savings Rates
South Shore Bank’s best savings rate is 3.40% APY on $10,000, with its High-Yield Savings. Rates checked October 15, 2026.
How South Shore Bank’s savings rates compare
Compared with banks and credit unions near Boston, MA-NH, where South Shore Bank has the most branches. $10,000, best rate first.
This bank’s best
South Shore Bank
3.40%APY
- Requires
- None
- Minimum
- $10,000
- Earns on $10,000 a year
- $340
High-Yield Savings
Top rate
Leader Bank
5.00%APY
- Requires
- Monthly account activity
- Minimum
- $10
- Earns on $10,000 a year
- $500
2nd-highest rate
Albright Credit Union
5.00%APY
- Requires
- Monthly account activity
- Minimum
- —
- Earns on $10,000 a year
- $500
South Shore Bank savings score
93
Savings score
Higher than 95% of U.S. banks and credit unions
- $1,000 balance$1,0000.01%
- $10,000 balance$10,0003.40%
- $100,000 balance$100,0003.40%
- QualifiedQualified3.40%
Each track runs from the lowest to the highest rate among U.S. banks and credit unions; the dot is this rate.Qualified: needs another account or monthly activity.
Where South Shore Bank ranks
By savings score, in each area where it has branches
Every rate
Current savings rates
Rates from the bank’s website. Earnings assume the rate doesn’t change.
High-Yield Savings
Up to 3.40%APY
Must be opened with a minimum of $10,000 in new funds not already on deposit with South Shore Bank. Maximum deposit amount of $2,500,000 per household. Note states not accepting new accounts of this type in footnote.
| Balance | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Up to $10,000For balances under $10,000, interest rate of 0.01% with an APY of 0.01% will be paid on the entire balance. | 0.01% | $1 | For balances under $10,000, interest rate of 0.01% with an APY of 0.01% will be paid on the entire balance. |
| $10,000 – $2,500,000Preferred rate based on a minimum balance of $10,000 up to $2,500,000. 3.40% APY as of 12/18/2025. | 3.40% | $340 | Preferred rate based on a minimum balance of $10,000 up to $2,500,000. 3.40% APY as of 12/18/2025. |
| $2,500,000 and upFor balances over $2,500,000, interest rate of 0.01% with an APY of 0.01% will be paid on the entire balance. | 0.01% | — | For balances over $2,500,000, interest rate of 0.01% with an APY of 0.01% will be paid on the entire balance. |
Rewards Savings
Up to 2.75%APY
Must already have or open a Rewards Checking Account. $10 minimum deposit to open.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Any balancePaid on balances provided all account requirements of corresponding Rewards Checking Account are met for the prior month. 2.750% APY as of 05/13/2026.Any balance | 2.75% | $275 | Paid on balances provided all account requirements of corresponding Rewards Checking Account are met for the prior month. 2.750% APY as of 05/13/2026. |
| Any balanceWhen requirements of corresponding Rewards Checking Account are not met for the prior month.Any balance | 0.01% | $1 | When requirements of corresponding Rewards Checking Account are not met for the prior month. |
Sources (2)
All captured Oct 5, 2026
High-Yield Money Market
1.00%APY
$10 minimum deposit to open. Tiered interest rates based on balance. Certain products are available to open online; products not available online can be opened in branches.
| Balance | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Up to $2,500Minimum daily balance to earn APY is $0 - < $2,500. | 0.01% | — | Minimum daily balance to earn APY is $0 - < $2,500. |
| $2,500 – $25,000Minimum daily balance to earn APY is $2,500 - < $25,000. | 1.00% | $100 | Minimum daily balance to earn APY is $2,500 - < $25,000. |
| $25,000 – $50,000Minimum daily balance to earn APY is $25,000 - < $50,000. | 1.75% | — | Minimum daily balance to earn APY is $25,000 - < $50,000. |
| $50,000 – $100,000Minimum daily balance to earn APY is $50,000 - < $100,000. | 1.75% | — | Minimum daily balance to earn APY is $50,000 - < $100,000. |
| $100,000 – $1,000,000Minimum daily balance to earn APY is $100,000 - < $1,000,000. | 2.00% | — | Minimum daily balance to earn APY is $100,000 - < $1,000,000. |
| $1,000,000 and upMinimum daily balance to earn APY is $1,000,000+. | 2.00% | — | Minimum daily balance to earn APY is $1,000,000+. |
Sources (1)
- southshorebank.com/personal/money-markets · captured Oct 5, 2026
Free Savings
0.01%APY
No monthly fee and no minimum balance required. $10 minimum deposit to open.
| Balance | APY | Earns on $10,000 a yearEarns |
|---|---|---|
| Any balance | 0.01% | $1 |
Special-purpose accounts
IRA Savings
0.05%APY
Available as Traditional IRA and Roth IRA. $10 minimum deposit to open.
| Balance | APY | Earns on $10,000 a yearEarns |
|---|---|---|
| Any balance | 0.05% | $5 |
Sources (3)
- southshorebank.com/personal
- southshorebank.com/personal/in…dual-retirement-accounts
- southshorebank.com/personal/savings
All captured Oct 5, 2026
Opening an account
Confirm the bank’s opening requirements and whether the account is available where you live. A nearby branch does not establish eligibility for every rate.