Deposit Product Rates

At Shore Community Bank, we offer competitive rates across our entire line of products.


Rates effective as of March 3, 2017


Checking
Interest
Rate
Annual
Percentage
Yield
Min. Bal
to Open
Min. Bal to
Avoid Fee
Fee
Regular Personal Checking $25
NJ Consumer1 Checking $10 $3.00
Business Checking $25 $500 $15.00
1Checks in excess of 8 per month incur a charge of $.50 each


Interest Checking
Interest
Rate
Annual
Percentage
Yield
Min. Bal
to Open
Min. Bal to
Avoid Fee
Fee
Senior1 Checking 55 & Over 0.10% 0.10% $25
NOW2 0.10% 0.10% $25 $1,000 $15.00
Super NOW2 $25 $1,000 $15.00
$0.01 -$9,999.99 0.10% 0.10%
$10,000 & over 0.15% 0.15%
$50,000 & over 0.15% 0.15%
Annual percentage yields assumes interest will remain on deposit, withdrawals will reduce earnings. Fees could reduce earnings. This is a variable rate account, interest subject to change without notice.
1 Minimum balance to obtain annual percentage yield $2,500,
2 Minimum balance to obtain annual percentage yield $ 0.01.


Interest
Rate
Annual
Percentage
Yield
Min. Bal
to Open
Min. Bal to
Avoid Fee
Fee
Compass High-Yield1 $25 $5,000 $15.00
$0.01 – $9,999.99 0.10% 0.10%
$10,000.00 – $24,999.99 0.15% 0.15%
$25,000.00 – $49,999.99 0.15% 0.15%
$50,000.00 and over 0.20% 0.20%
Annual percentage yields assumes interest will remain on deposit, withdrawals will reduce earnings. Fees could reduce earnings. This is a variable rate account, interest rate is subject to change without notice.
1Minimum balance to obtain Annual Percentage Yield $ 0.01.



Money Market – Personal/Business
Interest
Rate
Annual
Percentage
Yield
Min. Bal
to Open
Min. Bal to
Avoid Fee
Fee
Beacon Money Market1 $25 $2500 $10
2,500 – 9,999.99 0.10% 0.10%
10,000 – 24,999.99 0.15% 0.15%
25,000 – 49,999.99 0.30% 0.30%
$50,000.00 and over 0.30% 0.30%
Annual percentage yields assumes interest will remain on deposit, withdrawal will reduce earnings. Fees could reduce earnings. This is a variable rate account, interest rate subject to change without notice.
1Minimum balance to obtain Annual Percentage Yield $2,500.00 and avoid monthly fees.  1Limited to 6 pre-authorized withdrawals.



Savings Rates
Interest
Rate
Annual
Percentage
Yield
Min. Bal
to Open
Min. Bal to
Avoid Fee
Fee
Passbook1 Savings .10% 0.10% $25 $300 $5.00
Statement1 Savings .10% 0.10% $25 $300 $5.00

Optional – minor/custodian accounts the fee is waived Annual percentage yields assumes interest will remain on deposit, withdrawal will reduce earnings. Fees could reduce earnings. This is a variable rate account, interest rate subject to change without notice.

1Minimum balance to obtain APY $ 0.01.


Interest
Rate
Annual
Percentage
Yield
Min. Bal
to Open
Min. Bal to
Avoid Fee
Fee
Holiday Club 0.25% 0.25% $5
Lamplighter Savings1 $25 $1,000 $15
$0.01 – $2,499.99 0.10% 0.10%
$2,500.00 – $9,999.99 0.10% 0.10% – 0.10%
$10,000.00 – $24,999.99 0.15% 0.10% – 0.12%
$25,000.00 – $49,999.99 0.15% 0.12% – 0.14%
$50,000.00 – & over 0.20% 0.14% – 0.20%
Surf Savings1 $25 $1,000 $15
$0.01 – $9,999.99 0.15% 0.15%
$10,000 – $1,000,000.00 0.65% 0.15% – 0.65%
$1,000,000.01 and over 0.10% 0.65% – 0.15%
Annual percentage yields assumes interest will remain on deposit, withdrawal will reduce earnings. Fees could reduce earnings. This is a variable rate account, interest rate subject to change without notice.
1Minimum balance of $0.01 to obtain Annual Percentage Yield. Limited to 6 preauthorized withdrawals.



Time Deposits – Personal / Business
Term Interest
Rate
Annual
Percentage Yield
Min. Balance
to Open
3 months 0.15% 0.15% $500
6 months 0.30% 0.30% $500
9 months 0.30% 0.30% $500
12 months 0.50% 0.50% $500
13 months 0.50% 0.50% $500
15 months 0.50% 0.50% $500
18 months 0.50% 0.50% $500
21 months 0.50% 0.50% $500
24 months 1.00% 1.00% $500
30 months 1.00% 1.00% $500
36 months 1.00% 1.00% $500
48 months 1.49% 1.50% $500
60 months 1.74% 1.75% $500
Annual percentage yields assumes interest will remain on deposit, withdrawal will reduce earnings. Fees could reduce earnings. Interest rates and annual percentage yields subject to change without notice. Penalties may apply for early withdrawal.



Individual Retirement Accounts – Time Deposits
Term Interest
Rate
Annual
Percentage Yield
Min. Balance
to Open
12 months 0.50% 0.50% $500
13 months 0.50% 0.50% $500
15 months 0.50% 0.50% $500
18 months 0.50% 0.50% $500
21 months 0.50% 0.50% $500
24 months 1.00% 1.00% $500
30 months 1.00% 1.00% $500
36 months 1.00% 1.00% $500
48 months 1.49% 1.50% $500
60 months 1.74% 1.75% $500
Annual percentage yields assumes interest will remain on deposit, withdrawal will reduce earnings. Penalties may apply for early withdrawal. Fees could reduce earnings. Interest rates and annual percentage yields subject to change without notice.


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