Shore Community Bank has been serving the communities of Toms River, Ortley Beach, Jackson, and Manahawkin, New Jersey for over a dozen years.  Shore Community Bank operates six bank branches in the region. 

Shore Community Bank offers a range of retail and commercial banking services.  Consumer retail bank products and services include: money market accounts, statement savings accounts, certificates of deposit, installment loans, residential real estate mortgages, construction loans and more.

Shore Community Bank’s certificates of deposit are available to individuals, business, non-profit organizations, municipalities and can be held in IRAs.  Bank CD terms range from 3 months up to 60 months.

Interest earned on the bank CDs at Shore Community Bank are compounded daily and credited to the accounts quarterly.  All bank CDs feature a 10 day grace period for renewal.  The bank produces renewal notices 15 days prior to the maturity date. 

Shore Community Bank has IRA CDs with a variety options regarding the maturities and interest rates.  IRAs are excellent investment options for setting aside funds for a retirement.  All deposits are FDIC insured, up to the maximum permissible, allowing a safe and secure approach for saving towards retirement.  Bank IRA accounts provide the benefits of tax-deferred earnings, and possibly, income tax deductions for contributions.

Current IRA CD rates and terms offered by Shore Community Bank with a minimum deposit of $500.00 include:

12 month IRA CD rate is 1.00% 
13 month bank IRA CD rate is also at 1.00% 
15 month CD IRA rate is 1.25% 
18 month CD IRA rate 1.80% 
21 month bank IRA CD rate 1.75% 
24 month IRA CD interest rate 2.30% 
30 month CD IRA rate 2.50% 
36 month IRA bank rate 2.80% 
48 month bank IRA CD rate 3.15% 
60 month CD IRA rate 3.40%  

Bank rates and CD rates are subject to change and additional conditions may apply to open these bank accounts.  The interest rates listed assumes interest will remain on deposit, withdrawal will reduce earnings.

To open a Shore Community Bank IRA or for additional account information, a bank representative can be reached at 732- 240-5800.

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