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High Interest Is in Your Interest
ShoreBank's High-Yield Savings Account has an Annual Percentage Yield of 3.50% and an interest rate of 3.44%. Rates are based on market conditions and are subject to change at any time without notice. Funds from electronic deposits begin to accrue interest on the day they are received. Interest is accrued daily and compounded monthly. It will be added to your balance at the end of each month. If you close your account (or withdraw all your funds) before interest is credited, you will lose the accrued interest. Secure and Insured Your deposits at ShoreBank are FDIC-insured up to the insurance limit. On October 3, 2008, FDIC deposit insurance temporarily increased from $100,000 to $250,000 per depositor through December 31, 2009. Individually and jointly owned deposits are separately covered, so if you have a joint account with ShoreBank as well as a single account, your maximum FDIC coverage is $500,000. All Online, Anytime All transactions and statements are viewed online. You have online access to your ShoreBank Direct Savings Account 24 hours a day, seven days a week. Easy Funds Transfer You can fund your ShoreBank Direct Savings Account from your accounts at other banks. You can link up to six accounts to your ShoreBank Direct Savings Account to electronically transfer funds between accounts. You can also set up direct deposit into your ShoreBank Direct Savings Account. Provide your payroll (or other) administrator with ShoreBank's routing number, 071004226, and your account number. ShoreBank Direct High-Yield Savings Account Frequently Asked Questions
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