Savings accounts

Which savings account is right for you?

Relationship Savings

Watch your savings grow in this account with no monthly fee. It's the perfect companion account to Relationship Checking . The tiered structure of this account means the more you save, the more you earn. You'll want to tie your Relationship Checking account to this premium rate savings account. Apply for this account online.  A Relationship Checking account is required to open this account.

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Statement Savings

The classic savings account. Paying a competitive Annual Percentage Yield, the Statement Savings account funds can be accessed using deposit and withdrawal slips, through ATMs* or through our 24-hour Telephone banking network.  When you have a South Shore Co-operative Bank checking account, you may use our free Online Banking network. What's more, with a daily account balance of $250 in the Statement Savings, the $1.00 monthly service charge will be waived. Apply for this account online.

*NOTE: Transfers from a savings account to another account or to third parties by preauthorized, automatic, telephone or computer transfer are limited to six per calendar month with no more than three by check, draft, debit card, or similar order to third parties.

Money Market account

Our Money Market Account offers a better rate of return for those customers with higher deposit balances. Because of the tiered rate structure of our Money Market account, you can earn higher returns when you keep a higher balance. You will have the flexibility to deposit and withdraw when you want with an ATM card and the assurance that your money is safe and secure. Apply for this account online.

NOTE: Transfers from a Money Market account to another account or to a third party by preauthorized, automatic, telephone or computer transfer are limited to six per calendar month with no more than three by check, draft, debit card or similar order to third parties.

A Certificate of Deposit allows you to earn a higher interest rate than most interest-bearing accounts because you agree to keep your money deposited for a certain amount of time. We have a variety of terms, from three months to four years. CD's conveniently renew automatically. You will receive a renewal notice 30 days before your CD matures so you can collect interest, add principal, or reinvest the money. Minimum opening balance is $1,000.00.  Apply for this account online.

Advertised CD Annual Percentage Rates and Annual Percentage Yields are subject to change without notice.  We impose a penalty for withdrawal of funds before the term ends.  Fees may reduce earnings.  CD's are insured by the FDIC and the SIF.

Savings rates

Safe deposit box

Safe deposit boxes in a variety of sizes are available in our Weymouth branch office.

Member FDIC . Member SIF .

As a member of a Massachusetts Co-operative Bank, your deposits remain insured in full.  The Share Insurance Fund (SIF) of the Co-operative Central Bank insures all deposit balances in excess of the FDIC insured levels.

The unique combined insurance coverage afforded by the FDIC and SIF provides the best deposit insurance available, whether deposit balances are held in passbook, statement or certificate type accounts, or in any combination of these accounts.  At a Massachusetts Co-operative Bank, your deposit are always protected. 

For more information, please visit the website of the SIF at www.coopcentralbank.com.