Savings Rates

Savings Account Rates*

Effective March 27, 2024
Account TypeMinimum Balance to OpenMinimum Balance to Earn APYAPY
Passbook Savings$10 $10.000.050 %
Statement Savings$10$10.000.050%
STATEMENT SAVINGS DISCLOSURE: APY (Annual Percentage Yield) is a variable rate that may change at anytime at the discretion of the bank. Fees may reduce earnings — to waive the $3.00 monthly maintenance fee on the statement savings you must maintain a $250 balance. Personal accounts only.


For more information about our savings accounts, CLICK HERE.

To open a Statement Savings Account online, simply click the button below and follow the easy on-screen instructions.  Please note that Passbook Accounts can only be opened in a branch.

To speak with an account representative, just stop in at one of branch locations or call Customer Support at (978) 573-1300.

All Deposits are Insured in Full

At North Shore Bank, every deposit is insured in full. FDIC insures each depositor up to $250,000. All deposits above the FDIC limit are insured in full by the Depositors Insurance Fund (DIF).