Rates


Posted on 27/12/2024 by admin

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

Personal Loans

AUTO LOANS
NEW AUTOUSED AUTO
TermAnnual Percentage Rate36 Months7.55%48 Months7.75%TermAnnual Percentage Rate36 Months9.00%
  
PERSONAL UNSECURED LOANS
Term                                       Annual Percentage Rate
1 to 5 years12.00%
NOTES: Maximum auto loan amount limited to NADA ‘loan value’. Insurance required. Terms available for new auto loans: 36 months or 48 months.   A term of 36 months is available for used auto loans.
Payment example: $10,000 new car loan for 36 months priced at 7.55% results in a fixed monthly payment of $311.30 principal and interest. Interest rate on personal loan may vary.
Personal loan maximum = $20,000. Terms available for Personal loans: 36 months, 48 months, or 60 months.

Deposit Products

ProductInterest RateAnnual
Percentage Yield
Min. Bal
to Open
Min. Bal to Avoid FeeFee
Reg. Personal Checking__$25__
NJ Consumer1 Checking__$10_$3.00
Business Checking__$25$500$7.50
1Checks in excess of 8 per month incur a charge of $.50 each.
INTEREST CHECKING
ProductInterest RateAnnual Percentage YieldMin. Bal to OpenMin. Bal to Avoid FeeFee
Senior1 Checking 55 & Over0.10%0.10%$25__
NOW20.10%0.10%$25$500$10.00
Super NOW2$25$500$10.00
$0.01 -$9,999.990.10%0.10%
$10,000 & over0.15%0.15%
$50,000 & over0.15%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.
Minimum balance to obtain annual percentage yield $2,500,
Minimum balance  to obtain annual percentage yield  $ 0.01.