ShoreBank Direct

ShoreBank Direct is a mid-sized bank headquartered in Chicago, IL. ShoreBank Direct is a failed bank. ShoreBank Direct has deposits of $1.8 billion, and was established in January 1939.

Products offered by the bank include: Direct Savings.

Phone: 1-800-905-7725
Headquarters: Chicago, IL
FDIC Certificate #: 15640
Products offered:
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Current ShoreBank Direct Rates

Name APY Min Deposit Max Deposit
Direct Savings 1.00 % $1 $99,999
1.05 % $100,000

About ShoreBank Direct

Your deposits at ShoreBank are FDIC-insured up to the insurance limit. FDIC deposit insurance has temporarily increased from $100,000 to $250,000 per depositor through December 31, 2013. You may qualify for more than $250,000 coverage if you have deposit accounts in different ownership categories, such as joint accounts.

You can fund your ShoreBank Direct Savings Account from your accounts at other banks. You can link up to five accounts to your ShoreBank Direct Savings Account to electronically transfer funds between accounts.

ShoreBank Direct provides you with interest. But by investing with ShoreBank, you support a broader social mission of bringing possibilities to life. We’re a bank built on building wealth for all in economically integrated communities, promoting environmental health, and operating profitably. That’s our triple bottom line mission.

Accounts with ShoreBank Direct are FDIC insured with ShoreBank FSB.