Certificates of Deposit Massachusetts - Bank CD MA : South Shore Savings Bank

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Certificates of Deposit

South Shore Bank's flexible Certificates of Deposit cover terms of deposit from three months up to five years. There are a number of advantages to a Massachusetts bank CD:

Guaranteed return on your investment.
Lock in a complete CD interest rate for a few months or a number of years - you choose the term that best meets your needs.
If you're supplementing a fixed income, we can automatically deposit your monthly Certificate of Deposit interest into a South Shore Bank checking account so you can have immediate access to it - just ask a Customer Service Representative.

View our current Certificate of Deposit interest rates.

Equal Housing Lender NMLS # 407656 Member FDIC Member DIF

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.