ShoreBank is having a money market promotion with a 2.75% APY for balances of at least $25,000. The rate is guaranteed for 6 months. This money market account is different than their online savings account. This promotion doesn’t seem to be listed at the bank’s website, and it appears to be a branch offer. This offer is scheduled to end on Friday, 5/15/09, so jump on it fast!

This money market account requires a $2,500 minimum balance to avoid a $15/month fee.

ShoreBank Direct continues to offer a very competitive yield on its online savings account. As of 5/13/09, the rate is 2.45% APY on all balances. Unlike the money market account, there’s no monthly service fees, and it can be opened online .

ShoreBank is based in Chicago. It also has branches in Cleveland and Detroit.

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