1012 Hooper Avenue, Toms River, NJ 08753 Phone: 732-240-5800

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 Rates

At Shore Community Bank, we offer competitive rates across our entire line of products. Click on a link to the right to view the rate for a specific product line.

Residential Mortgages

Home Equity Loans

Personal Loans

Deposit Products

Click here for our Current Special!

Effective Annual Percentage Rate (APR) listed are as of 12/15/2009
All interest rates are subject to change without notice.

  Residential Mortgage Rates

Term                       0 pts
    Interest Rate Annual Percentage Rate
30 Year Fixed Conforming    5.125% 5.265%
       
15 Year Fixed Conforming    4.625% 4.761%
       
FHA 30 Year Fixed Conforming      5.375% 5.802%
            
NOTES: Now offering Jumbo Conforming, Jumbo FHA, Reverse mortgages and fixed period ARMS. Call  732 573-1136 for rates. Conforming Loans are up to $417,000.00;  Rates can be locked for 60 days. Rates are based on purchase transactions with 20% down conforming loan amount and credit scores over 720.
All rates subject to change without notice.
Payment Example: $100,000 conforming 30 year mortgage priced at 5.125% with 0 points results in monthly principal and interest of $545.00.

  Home Equity Loan/Line Rates

 Term                                                                                  Annual Percentage Rate
5 Year Term (Minimum $5,000) 6.25%

10 Year Term (Minimum $10,000)

6..50%

15 Year Term (Minimum $20,000)

6.75%

 

 

Home Equity Lines of Credit WSJ Prime plus 1.5% floating

NOTES:  Minimum loan $5000; No fees or closing costs.  Terms available: 5 years, 10 years,  and 15 years with monthly loan payments of principal and interest fixed.
Payment example: 5 year loan at 6.25% of $10,000 results in a monthly payment of $ 194.49 principal and interest. Maximum loan to value ratio = 60%. Homeowner's Insurance required on all loans, flood insurance required when necessary.

All Home Equities have a maximum loan amount of $100,000.00
The Annual Percentage Rate (APR) on the Home Equity Line of Credit may vary. Monthly payment on the Home Equity Line of Credit based on 1/240th of principal plus interest.
Payment example: $50,000 Line (WSJ Prime of 3.25% + 1.5% = 4.75%) is  $410.04 principal and interest per month. Maximum rate = 16%.  Minimum payment $100.00 per month.

 

  Personal Loan Rates

Auto Loans

NEW AUTO

USED AUTO

Term Annual Percentage Rate

36 Months

7.55%

48 Months

7.75%

 

 
Term Annual Percentage Rate

36 Months

9.00%

 

 

 

 

 

Personal Unsecured Loans

Term                                       Annual Percentage Rate
1 to 5 years 12.00%  


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 Rates

Product Interest Rate Annual Percentage Yield Min. Bal to Open Min. Bal to Avoid Fee Fee
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

Product Interest Rate Annual Percentage Yield Min. Bal to Open Min. Bal to Avoid Fee Fee
Senior1 Checking 55 & Over 0.50% 0.50% $25 _ _
NOW2 0.25% 0.25% $25 $500 $10.00
Super NOW2 $25 $500 $10.00
$0.01 -$9,999.99 0.25% 0.25%
$10,000 & over 0.50% 0.50%
 $50,000 & over 0.60% 0.60%
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.          

Compass High-Yield1          Learn More

$25

$500

$10

Deposit Value

Interest Rate Annual Percentage Yield

$0.01 - $9,999.99

0.25% 0.25%
$10,000.00 - $24,999.99 0.50% 0.50%
$25,000.00 - $49,999.99 0.65% 0.65%
$50,000.00 and over 0.75% 0.75%
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.

 1Minimum balance  to obtain Annual Percentage Yield $ 0.01. 

  Money Market                                          Personal/Business

Product Interest Rate Annual Percentage Yield Min. Bal to Open Min. Bal to Avoid Fee Fee
Beacon Money Market1

$25

_ _
2,500 - 9,999.99 0.35% 0.35% _ _
10,000 - 24,999.99 0.65% 0.65% _ _ _
25,000 - 49,999.99 0.75% 0.75% _ _ _
50,000 and over 0.85% 0.85% _ _ _
Annual percentage yields assumes interest will remain on deposit, withdrawal will reduce earnings.  Fees could reduce earnings. This is a variable rate account, interest  subject to change without notice.

1Minimum balance to obtain Annual Percentage Yield $2,500.00. No min bal fee. 1Limited to 6 pre-authorized withdrawals.

 Savings Rates                                                              Personal/Business

Product Interest Rate Annual Percentage Yield2 Min. Bal to Open Min. Bal to Avoid Fee Fee
Passbook1 Savings .50% .50% $25 $100 $1.00
Statement1 Savings .50% .50% $25 $100 $1.00
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  subject to change without notice.

1Minimum balance  to obtain APY $ 0.01. 

Holiday Club 0.75% 0.75% $5 - -

Lamplighter Savings1

$25

$500

$10

Deposit Value

Interest Rate Annual Percentage Yield

$0.01 - $2,499.99

0.25% 0.25%
$2,500.00 - $9,999.99 0.35% 0.25% - 0.33%
$10,000.00 - $24,999.99 0.60% 0.33% - 0.49%
$25,000.00 - $49,999.99 0.85% 0.49% - 0.67%
$50,000.00 -   & over 0.95% 0.67% - 0.95%
Surf Savings1                        Learn More

$25

$500

$10

Deposit Value

Interest Rate Annual Percentage Yield

$0.01 - $9,999.99

0.50% 0.50%
$10,000.00 - $1,000,000.00 1.00% 0.50% - 1.00%
$1,000,000.01 and over 0.25% 1.00% - 0.33%
Annual percentage yields assumes interest will remain on deposit, withdrawal will reduce earnings.  Fees could reduce earnings. This is a variable rate account, interest  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 0.50% 0.50% $500
6 months 0.75% 0.75% $500
9 months 0.75% 0.75% $500
12 months 1.00% 1.00% $500
13 months 1.00% 1.00% $500
15 months 1.24% 1.25% $500
18 months 1.78% 1.80% $500
21 months 1.73% 1.75% $500
24 months 2.27% 2.30% $500
30 months 2.47% 2.50% $500
36 months 2.76% 2.80% $500
48 months 3.10% 3.15% $500
60 months 3.35% 3.40% $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. Bal to Open
12 months 1.00% 1.00% $500
13 months 1.00% 1.00% $500
15 months 1.24% 1.25% $500
18 months 1.78% 1.80% $500
21 months 1.73% 1.75% $500
24 months 2.27% 2.30% $500
30 months 2.47% 2.50% $500
36 months 2.76% 2.80% $500
48 months 3.10% 3.15% $500
60 months 3.35% 3.40% $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.

  Current Special


Rates that will knock
your socks off...

You'll enjoy the features of our 9 month Freedom Liquid CD that has competitive pricing and a guaranteed interest rate. Best of all, withdrawal penalties will be waived after the first six days of the account term or the first six days following a partial withdrawal.

Just open a regular or business checking account and a Freedom Liquid CD. Qualified withdrawals are transferred to your checking account...it's that easy!

(1) Annual percentage yields assumes interest will remain on deposit, withdrawals will reduce earnings. Penalties may apply for early withdrawals.   Fees could reduce earnings. Interest rates and annual percentage yields subject to change without notice.

(2)Minimum balance to open $10,000.00.

(3) Available for Individual retirement Account (IRA), Minimum balance to open $500.00.

(4) Offer is subject to change without notice.

Promotional  CD Rates4

Product Interest Rate Annual Percentage Yield1
   
Freedom Liquid CD 2  
$10,000 and over 0.995% 1.00%
     
     
     
   
     
     
12 months3 1.24% 1.25%
21 months3 1.98% 2.00%
     
     
     
   
     

 
   

  Financial Calculators

Please use the links to the right to make use of our array of financial calculators.




Note: Our calculators are provided for estimating purposes only. Contact us for specific quotes.

Mortgage Loans

Personal Loans

Future Value of Deposits

Investment Accounts


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