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Shore United Bank Review

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Shore United Bank Savings
0.03% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Shore United Bank was founded in 1876 and is headquartered in Easton, Maryland. It owns $1 billion in assets and $1 billion in deposits, classifying it as a medium-size bank. Shore United Bank lacks premium access to customer service, with no live chat or all-day service options available. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. Coming in at a commendable 4.2 stars out of 5, Shore United Bank is a great bank that you should seriously consider. Shore United Bank offers the complete selection of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate compared to the average savings account. If you're interested in stress-free personal checking, Shore United Bank's ordinary checking account does not have a monthly fee. Locating a bank with no-fee checking as well as a high savings APY is your best option for accruing the highest income from your deposits while having easy access to your funds.

How We Rated It

SmartAsset's Overall Rating

National Average: 4.1

The overall rating is a weighted average of rates, fees, service quality and financial health.Read more


SmartAsset Average: 3.5

Shore United Bank features a savings rate of 0.03%, which is poor as compared against the national average. Shore United Bank's one-year and five-year term lengths CDs earn at a rate of 1.00% and 1.16%, respectively, while its highest-yielding money market account earns at a rate of 0.50%. Given Shore United Bank's poor savings rate, you should consider taking a look at other banks for savings accounts.

How Shore United Bank's Savings Rates Compare

Shore United Bank Savings 0.03 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

Shore United Bank charges customers extremely low fees compared to the average U.S. bank. Shore United Bank's checking account has no monthly fee, rating it excellent for anyone looking for a simple account. For those who often withdraw money from the ATM, Shore United Bank is perfect because it has no out-of-network ATM fees. Additionally, Shore United Bank has an overdraft fee of $35.00, which is on par with the national average. Shore United Bank doesn't reimburse out-of-network ATM charges, which means you will have to find a Shore United Bank ATM or eat the fee.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee $0 National Average: $1.20
Overdraft Fee $35.00 National Average: $35.00
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Service Quality

SmartAsset Average: 3.7

Shore United Bank is a brick-and-mortar bank, with 21 total branches in Delaware and Virginia. With mobile and web apps, Shore United Bank makes account access convenient, even on the go. Shore United Bank gets relatively high marks from customers for its mobile platform. The Shore United Bank mobile app has been given a 4.3 out of 5 (with 170 reviews on Apple and Android) compared to the national average of 3.8. You can access Shore United Bank's mobile app to manage your funds by reviewing monthly statements, sending and receiving funds and reaching support representatives. Shore United Bank gets an exceptional consumer satisfaction rating due to comparatively few consumer complaints reported to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

Overall Mobile Rating 4.3/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

Shore United Bank ranks as a medium-size bank owning assets totaling $1 billion and deposits totaling $1 billion. Its Texas Ratio is 4.73%, suggesting that Shore United Bank is in superb financial shape and unlikely to fail. Additionally, Shore United Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

High Risk 75% 50% 20% 10% Low Risk

The Texas Ratio, a measure of a "bad assets" against available capital, can provide an early warning sign of bank failure. A low ratio indicates smaller chance of failure; a higher ratio suggests greater risk.

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Compare Shore United Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.03% APY $1
Checking Account 0.06% APY $1500
Certificates of Deposit
  • 12 Month: 1.00% APY
  • 24 Month: 2.12% APY
  • 36 Month: 1.00% APY
  • 48 Month: 2.02% APY
  • 60 Month: 1.16% APY
$500 for all terms
Money Market Account 0.2% APY $5000

Shore United Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Shore United Bank does not have the best savings rate, which means you should think about looking elsewhere for banks that deliver more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. Shore United Bank's CD rates are fair in comparison to the national average.

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Find a Shore United Bank Near Me

Shore United Bank has 21 branches in the U.S.

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