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Shore Community Bank Newsletter  |  732-573-1136October 2018

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Shore Specials!

New Surf Savings

Our Surf Savings account offers competitive interest rates with all the safety of FDIC Insurance-a welcomed alternative to traditional savings and Certificate of Deposit products. Higher interest rates are paid on higher balances with no early withdrawal penalties.

Surf Savings1 Interest Rate APY1
$.01 - $9,999.99 0.15% 0.15%
$10,000.00 - $1,000,000.00 0.85% 0.15% - 0.85%
$1,000,000.01 and Over 0.10% 0.85% - 0.17%

1Annual percentage yields assume interest will remain on deposit, withdrawals will reduce earnings. Fees could reduce earnings. This is a variable rate account, interest rate subject to change without notice. Minimum Balance requirements may apply to avoid fees. Limited to 6 preauthorized transfers or withdrawals.


Mortgage Rates!

30-Year Conventional Fixed Rate
4.75% APR 4.94%*
& 15-Year Conventional Fixed Rate
4.50% APR 4.64%**

Call 732.573.1136 or visit any one of our Branches for a customized rate quote and
FREE mortgage checkup!

*Payment example: On a 30-year fixed mortgage with a loan amount of $200,000 and an interest rate of 4.75%, the principal and interest payment would be $1,043.29 per month.  **On a 15-year fixed mortgage with a loan amount of $200,000 and an interest rate of 4.50%, the principal and interest payment would be $1,529.99 per month. Rates based on 20% down payment purchase transaction up to $453,100 loan amount. Interest rates on mortgages may vary. Rates are subject to change without notice. Equal Housing Lender

The Cost of Moving vs. Home Improvement
Weighing your options between upgrading and moving out altogether

Is packing up and moving the most cost-effective way to put down roots? Or would you be better off trying to make your home improvement project a reality?

4 Ways to Retain Top Employees
Don’t lose the best to someone else

Once you have an ideal group of personnel, how do you keep them from leaving? While some degree of turnover is expected, if you take action now it will go a long way in keeping your employee group stable.

The Impact of Depreciation on Your Car Loan
Avoid the dangerous impact of depreciation on your car loan

There’s a common saying that a new vehicle loses value the second it leaves the dealership lot. It’s not terribly far from the truth: According to Edmunds, the average $30,000 sedan depreciates nearly $6,000 in its first year of ownership and loses more than half of its original value by the fourth year.

Volunteering During Retirement
How and why to sign up for volunteer opportunities after you exit the workforce

Many retirees find themselves somewhat bored with their post-work life once they finally hit the retirement milestone. As a result, the number of retirees seeking volunteer work is on the rise.

Published by Shore Community Bank
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Disclaimer - All content contained in this newsletter is for informational purposes only and should not be relied upon to make any financial, accounting, tax, legal or other related decisions. Each person must consider his or her objectives, risk tolerances and level of comfort when making financial decisions and should consult a competent professional advisor prior to making any such decisions. Any opinions expressed through the content in this newsletter are the opinions of the particular author only.
September 2018
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