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Small Business Banking
 

Small Business Banking

Small Business Banking

Small Business Banking

At South Shore Savings Bank’s Center for Business Banking, our Business Development Officers know that owning a small business is very demanding.  That’s why we believe that your business banking should be simple.  Our Business Development Officers have the knowledge in place to offer you not just products and services, but a true business banking partnership that works! 

We will take the time to sit with you and listen to your specific business situation.  We will then work with you to implement the ideal mix of products and services.  The result will be a small business banking solution designed specifically for your business.  The best part is that our Business Development Officers will provide you with exceptional service by responding quickly and taking on the responsibility as your primary contact for all your business banking needs.

 
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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.