Shoreham Bank

Shoreham Bank

Very Impressive!

Posted by: |

It was very easy to apply online for their 18 months CD account with 3.15% APY! In a matter of minutes (in the end of the process) they had already approved and gave me my account number. I was very impressed because it takes other financial institutions days (and even weeks Andrews FCU).

Old Reviews New Era

Posted by: |

Im finding all older reviews on this current rate leader. ALL 3 month CDs should be at least 5.5% since a lot of HYSAs are paying that much likely to go higher 4th quarter 2023. General consensus is a rates plateau then anticipating a pivot sometime in 2024.

Only In-Branch Application For Savings Account

Posted by: |

Had to email them to get a reply; no real phone customer service. But they only let you open an account if you go into the branch in person for a savings account. For an eCD, can be done online, but rates very low so probably not too many customers. This is why they have no support staff.


Posted by: |

April 16, 2024 - Shoreham Bank requires ALL NEW ACCOUNTS must be opened in-person only. NO NEW ACCOUNTS VIA WEBSITE. Reason: "We want to build a relationship". In 2024 this bank still doesn't understand modern banking. If they were inviting me out to dinner or to vacation with the CEO that would be "building a relationship".



Health Grade Components

FDIC Certificate #27417
Year Established1979
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.64%
Return on Equity - YTD13%
Annual Interest Income$31MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$416.7MM$379.8MM
LoansQ4 2023vs Q4 2022$358.9MM$324.3MM
DepositsQ4 2023vs Q4 2022$341.6MM$324.7MM
Equity CapitalQ4 2023vs Q4 2022$50.8MM$46.2MM
Loan Loss AllowanceQ4 2023vs Q4 2022$7.5MM$6.4MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$4.3MM$4MM
Real Estate OwnedQ4 2023vs Q4 2022$79K$124K
Skip to rates for:
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Shoreham Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Shoreham Bank Savings Account Rates

5.10%$25k-Soaring Savings
0.25%*$75k*-Statement Savings
OTHER TIERS: 0.15% Up to $25k | 0.20% $25k - $75k

Shoreham Bank Checking Account Rates

1.50%$2.5k-Premier Checking
1.00%--Loyalty Checking

Shoreham Bank CD Rates

5.50%$1k-3 Month CD
5.50%$1k-9 Month CD
4.25%$1k-3 Year CD
4.25%$1k-5 Year CD
4.25%$1k-4 Year CD
1.50%$1k-2 Year CD
0.90%$1k-1 Year CD

Shoreham Bank IRA Rates

4.25%$1k-3 Year IRA
4.25%$1k-5 Year IRA
4.25%$1k-4 Year IRA
1.50%$1k-2 Year IRA
0.90%$1k-1 Year IRA

Shoreham Bank Locations
Home Loan Investment Bank, F.S.B.1 Home Loan PlzWarwick, RI 02886
2381 Post Road Branch2381 Post RoadWarwick, RI 02886
Wickenden Branch187 Wickenden StreetProvidence, RI 02903
Cowesett Branch3803 Post RoadWarwick, RI 02886

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.