ShoreBank Savings Account

ShoreBank’s High-Yield Savings Account has many pluses such as a high annual percentage yield. This great rate is possible because these accounts are opened and managed completely online.
It has a few advantages such as:

Manage savings online by making electronic deposits and withdrawals

Online access to bank statements

No monthly fees
$1 minimum deposit
Being able to make email inquiries – (in order for ShoreBank to provide such a solid rate, they are pushing customer service to online support)
Ally Bank

Deposits at ShoreBank are FDIC-insured to the insurance limit which means individual and joint accounts are covered separately so those who have a ShoreBank joint account and a single account will receive the maximum FDIC coverage which is $500,000.

It’s also good to note that the online savings account application must be approved.

For more information about this online savings account, visit ShoreBank.

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