ShoreBank is now offering a 2.05% APY Online High-Yield Savings Account. This is a great account since the minimum to open the account is just $1 dollar and there are no monthly fees (yay!) – perfect for anyone who is just thinking about “saving.”
Some good things about this bank account are:
- This account allows up to 6 free transfers or automatic debits per monthly statement cycle.
- The bank is insured by FDIC, so you won’t have to worry about your money, should a bank failure happens.
- Your transactions and statements are easily accessible since it is online.
- If you have multiple bank accounts you can link up to 6 bank accounts to your ShoreBank online high-yield savings account.
No other specified requirements are shown about the 2.05% APY – however, it is best to consult a CSR at ShoreBank for all questions related to the savings account.
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Great Site. High APR. Easy to start. It is so much better than ING