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Savings Accounts

Savings Account Rates

Statement Savings

Start saving today for those unexpected expenses or special purchases

  • $100 minimum opening balance
  • Earn interest quarterly when daily balance exceeds $200
  • No quarterly maintenance service charge with an average daily balance of $200; $5.00 quarterly maintenance service charge if average daily balance falls below $200
  • Maintenance Service Charge waived for minors and non-profit organizations.  For purposes of a maintenance service charge waiver, a minor is defined as an individual who has not reached their 18th birthday.

Christmas Club Savings Account

An easy way to save throughout the year for your holiday purchases

  • $10 minimum opening balance
  • Earn interest annually when daily balance exceeds $100
  • Direct deposit available
  • Club checks mailed annually at the end of the term in September

Money Market Account

A savings account that offers limited monthly check writing

  • $500 minimum opening balance
  • Earn interest monthly when daily balance exceeds $1,000
  • Check writing - up to 6 inclearing checks per statement cycle*
  • Unlimited in-branch withdrawals and transfers
  • No monthly maintenance service charge with an average daily balance of $1,000; $7.50 monthly maintenance service charge if average daily balance falls below $1,000
  • Maintenance Service Charge waived for non-profit organizations

GOLD Money Market Account

A high yield money market account with easy access to your funds

  • $25,000 minimum opening balance
  • Earn interest monthly when daily balance exceeds $2,500
  • Higher rates available based on balance
  • Free "Gold Money Market" check orders for life of the account
  • Check writing - up to 6 inclearing checks per statement cycle*
  • Unlimited in-branch withdrawals and transfers
  • No monthly maintenance service charge with an average daily balance of $2,500; $10.00 monthly maintenance service charge if average daily balance falls below $2,500

* Important Notice: Federal regulation limits the number of withdrawals and/or transfers that may be made from a savings/Money Market savings account by telephone, preauthorized transfer, check, draft or ATM point of sale purchase. You may make six transfers from your savings/Money Market savings to another account by telephone transfer, check, draft, ATM point of sale purchase, preauthorized, automatic or similar payment order each monthly statement cycle.  Effective immediately and until further notice, we are temporarily suspending enforcement of the six-transfer limit for all Money Market and Statement Savings Accounts.  You can now make unlimited transfers and 3rd party payments.  In addition, we are temporarily suspending the Reg. D Excess Debits Fee for Money Market and Gold Money Market accounts.  The Federal Reserve Board has amended Regulation D as a result of the COVID-19 pandemic, allowing accountholders access to funds in their savings for those in need.  If the limits are reinstated, accountholders will be notified in accordance with regulatory requirements.

When opening a business deposit or loan account, all banks are required to obtain information verifying the business as well as the individuals associated with the business.  Visit our Beneficial Owners of Legal Entities section for more information.

We will accept deposits from residents of the Eastern Shore of Maryland, Virginia's Eastern Shore and lower Delaware. Please visit any of our branch locations to open an account.

If you would like to receive additional information about these accounts or any services offered at First Shore Federal, please write to us at: PO Box 4248, Salisbury MD 21803-4248 or send us an email.

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First Shore Federal | 106 S. Division St., Salisbury MD 21801 | 410-546-1101
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