What are the current interest rates at South Shore Bank?

Current rates for South Shore Bank include: Savings: 3.40%

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South Shore Bank Rates & Review April 2026

Q: How many branches does South Shore Bank operate?

South Shore Bank currently maintains approximately 13 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Q: Is there a first-time homebuyer program?

Currently, South Shore Bank does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, South Shore Bank provides members with tools to manage their accounts and build a solid financial history.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated: April 16, 2026

South Shore Bank's savings rates are at 3.40%. MonitorBankRates evaluates the financial stability of South Shore Bank with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 1.64%. Rates were last updated on 04/16/2026.

South Shore Bank money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at South Shore Bank? Share your experience about South Shore Bank by leaving a review below, or read customer reviews before you decide to use South Shore Bank.

Overall Health & Safety Grade

A+

Exceptional Health Score: 99/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

1.64%

Excellent Lower than avg

South Shore Bank

1530 Main St
South Weymouth, MA 02190

https://www.southshorebank.com

South Shore Bank Savings Rates

Product	Rate	APY	View More
High-Yield Savings	-	3.40%
No additional details. Last Updated 04/16/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.64%

Important: Rates, terms, and conditions are subject to change without notice. The rates displayed are for information purposes only. Please confirm all rates and terms directly with the financial institution. We strive to keep this information accurate but cannot guarantee it.
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Methodology & Data Sources

MonitorBankRates Star Rating: Our rating for South Shore Bank is derived from comprehensive financial data published quarterly by the FDIC. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with customer feedback (user reviews) to help you make informed banking decisions.

Texas Ratio: We calculate the Texas Ratio using standard industry methodology. This ratio compares the bank's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation: We gather South Shore Bank rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with South Shore Bank's official website for the most current offers and terms.

Bank Profile & Overview

Institution Name South Shore Bank

Bank Holding Company CHARLESBRIDGE MHC

Address 1530 Main St, South Weymouth, MA 02190 · Norfolk

Website https://www.southshorebank.com

FDIC Certificate # 90303

Established 02/01/1833

FDIC Insurance Date 11/19/1985

Domestic Offices 13

Total Branches 13

Regulator FED

FDIC Insured ✓ Yes — Up to $250,000

Financial Health & Assets

A+

Overall Health Grade Score: 99/100

5.0

Exceptional Out of 5.0 Stars

1.64%

Texas Ratio Nat'l avg: 5.85%

Return on Assets (ROA) 0.7311%

Return on Equity (ROE) 8.6600%

Non-Performing Loans (NPL) 0.12%

Total Assets $2,472,672,000

Total Deposits $2,166,046,000

Equity Capital $237,372,000

Net Income $15,922,000

Headquarters South Weymouth

Total Offices 13

Source: FDIC | Last Updated 12/31/2025

Customer Reviews

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Average Rating

☆☆☆☆☆

Total Reviews

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Frequently Asked Questions About South Shore Bank

Is South Shore Bank a safe place to deposit money?

Yes, South Shore Bank is considered a safe financial institution. With a Texas Ratio of 1.640282175193%, the institution's financial health is rated as excellent. Your accounts are federally insured by the FDIC (Federal Deposit Insurance Corporation) up to $250,000 per depositor, for each account ownership category.

How many branches does South Shore Bank operate?

South Shore Bank currently maintains approximately 13 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is there a first-time homebuyer program?

Currently, South Shore Bank does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, South Shore Bank provides members with tools to manage their accounts and build a solid financial history.

Does South Shore Bank offer online and mobile banking?

Most modern institutions like South Shore Bank provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.southshorebank.com.