Savings Accounts

Every dollar gets you closer to your goals.

Couple playing with their child on the beach while laying chairs

Take the next exciting step on your savings journey.

Money is the key to many of the things we want out of life - a house, a car, college education, memorable experiences and more. The best way to save it? Well, that's different for everyone. At Shore United Bank, we offer a range of savings options, all of which help you along by paying competitive interest and allowing you to monitor progress and manage funds with Online Banking and our mobile app.


* Compare accounts below.









Regular Savings


  • Open this account to start your relationship with us
  • $100.00 Average Ledger Balance1 avoids a $5.00 Monthly Service Charge
  • Regular interest payments added to your deposits help build momentum

Money Market

 
  • Stronger earnings are within easy reach
  • Features higher interest than most traditional savings accounts
  • $2,500.00 Average Ledger Balance1 avoids an $8.00 Monthly Service Charge
  • Easily access funds through checks and digital banking tools
  • Tiered Interest Rate on Daily Balance2

Teen Savings


  • Gives young people their first taste of grown-up banking with this interest-bearing account2
  • Age restricted account available to owners under 18 years of age
  • Open with a $25.00 Average Ledger Balance1 to avoid a $5.00 Monthly Service Charge.
  • Helps parents teach important lessons about financial responsibility and the value of saving


You Name It Savings


  • Save for the Christmas season, a nice vacation or a big splash purchase
  • This interest-bearing2 account limits withdrawals, so you stay on course
  • Name your account something clever (or simple) and then speed up your progress by scheduling automatic transfers
  • Account balance will be disbursed to you annually3

Kids' Club Savings


  • All you need is $25 Average Ledger Balance1 to avoid a $5.00 Monthly Service Charge
  • Age restricted account available to account owners under 13 years of age
  • Interest bearing account2
 
Meet Cash, the Chesapeake Bay Retriever puppy, our Kids' Club mascot! Here to help kids under 13 reach their savings goals!

Premium Money Market


  • Bundled5 with a Premium Checking to earn a tiered variable rate of interest6 equal to the Federal Funds Rate (“Index”) less a margin, based on the daily balance in the money market account







Visit a branch to open or contact us to get started today.



Kids Club, Teen, Regular and Money Market Savings accounts, require a $20 minimum deposit. A $10.00 early closing fee applies to all savings accounts if closed within 60 days of opening. See supplemental disclosure for information regarding our overdraft services. 

1 Average Ledger Balance is calculated by adding the principal in the account for each day of the calendar month and dividing that figure by the number of days in the calendar month.

2 The interest rate and annual percentage yield are included in the Rate Chart provided at account opening. At our discretion, we may change the interest rate on the account at any time. Interest begins to accrue on the business day you deposit noncash items (i.e., checks). Interest will be compounded daily and will be credited to the account monthly. We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day.

3 Balance of account will be distributed by check or by automatic transfer to designated Shore United Bank account at annual disbursement.  A $10.00 early close out fee applies if the account is closed prior to the annual disbursement. 

4 Shore United Bank is a member of the Allpoint Network, a surcharge free network of ATMs in 55,000 retail locations around the world.

5You must maintain a Premium Checking account to open a Premium Money Market account. Account ownership must be the same on both accounts to be eligible for the bundled account. If you do not maintain a Premium Checking account, we may change the interest rates and terms of your Premium Money Market account. We will provide you with a change in terms notification at least (30) days in advance of the effective date of the change.

6You must maintain a minimum daily balance of $25,000.00 in the account each day to obtain the disclosed annual percentage yield.  You will earn interest for every day during the period that your account equals or exceeds the minimum daily balance requirement. Fees could reduce the interest earned.