Androscoggin Savings Bank

Overview / Commentary
30 Lisbon Street
Lewiston, ME 04240

Androscoggin Savings Bank is headquartered in LEWISTON and is the 11th largest bank in the state of Maine. It is also the 686th largest bank in the nation. It was established in 1870 and as of March of 2024, it had grown to 204 employees at 12 locations. Androscoggin Savings Bank's money market rates are 9X the national average, and it has an A health rating.

Reviews (4)


Posted by: |

Bank had a "computer glitch" changed the address on my account so ALL of my statements started going to the wrong address; not only WAS MY CONFIDENTIAL BANK INFO TOTALLY BREACHED!!! BUT I NEVER RECEIVED NOTIFICATION OF A $34 dollar increase in my escrow payment!! THEY OF COURSE DO NOT OFFER ME THE OPTION OF ON LINE BANKING (without using them as my primary deposit bank) SO THE SNAIL MAIL GOING TO THE WRONG ADDRESS WAS IT...I NEVER RECIEVED NOTIFICATION...SINCE THE FIRST MONTH OF THE INCREASE did NOT include that $34 that I didn't know about...THEY REPORTED ME TO THE CREDIT BUREAU AS LATE...PAYMENT WAS ON TIME!! JUST NOT AWARE OF $34 extra until the following month when I physically went into the bank...BECAUSE ALL MY STATEMENTS GOING TO THE WRONG ADDRESS AND THEY REFUSED TO REVERSE THE REPORT OR TAKE ANY RESPONSIBILITY!!! AVOID THIS BANK AT ALL COSTS!!! HEED ALL OF THE ONE STAR REVIEWS!! IT IS NOT JUST ME!!!

Check The Actual Rates

Posted by: |

Be careful their 5 year CD rate is not as it seems. Fifth year is 3.00 %. First year is 0.85 %.I was very interested in opening a CD. I started to complete the application when I found out that the rate posted was not the actual rate.

Very Pricey

Posted by: |

Their overdraft fee is $30 where a lot of other banks charge a lot less. Even if you go over what you have with pennies you will be charged the $30. You always have to have $100 in savings or you will be charged every month. The bank now charges $5 a month if you do not meet certain standards. Pretty much if you do not want a bank to charge money for everything, steer clear of Androscoggin Bank.


I would not recommend this bank to ANYONE. While their staff is very nice, I've had an account with them for many years and unfortunately, my identity and security has been breached more times than I can count on one hand. I understand the breaches on large organizations such as Hannaford and TJMaxx, where they were out of the banks control. But most recently, my account information and all my money has been stolen by someone outside of the country. The last time, someone is Florida was running around with my information.

The first few times this happened they reassured me that this couldn't happen again, but now I am at wits end. Once I receive my money back, which could take up to 2 months, making it so all my bills bounce, charging ME fees and other things because their systems are NOT secure, I will be taking my money to a credit union. They will not be reimbursing me for the fees I have to pay because of their insecure systems. One of their representatives had remarked that this might be safer. This is very sad.

On top of this, I learned about this in a LETTER via regular USPS mail. Don't you think this requires a emergency phone call? Every penny I own was stolen and I physically cannot use my debit card, and they thought a letter was sufficient? This seems like poor business practices. 

Unfortunately, because I have a personal loan through Androscoggin, I have to keep a account with them, but it will be limited. 

In a time where NO bank seems good, it's almost worth paying BOA the $5 to ensure my money is in fact THERE. 

I cannot express my discontent with this bank, and while the bank representatives are sympathetic. They are not able to do anything for during the holiday season. Merry Christmas to me, as they admit that this has become an increasing problem for them.

Very sad. My recommendation if you are looking for a bank in Maine -- go for a credit union!


Health Grade Components

FDIC Certificate #17751
Year Established1870
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.41%
Return on Equity - YTD4.76%
Annual Interest Income$18.2MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$1.63B$1.5B
LoansQ1 2024vs Q1 2023$1.32B$1.2B
DepositsQ1 2024vs Q1 2023$1.31B$1.19B
Equity CapitalQ1 2024vs Q1 2023$138.5MM$129.2MM
Loan Loss AllowanceQ1 2024vs Q1 2023$12.1MM$11.4MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$805K$2.8MM
Real Estate OwnedQ1 2024vs Q1 2023$0$0
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Always verify rates and promotions with the bank or credit union. We are not Androscoggin Savings 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.

Androscoggin Savings Bank Savings Account Rates

0.10%$0-Health Savings Account
0.10%*$25k*-Companion Savings
OTHER TIERS: 0.05% $0 - $25k
0.10%$0-Community NOW Savings
0.07%*$100k*-Business Savings
OTHER TIERS: 0.01% $0 - $25k | 0.05% $25k - $100k
0.05%$0-Christmas Club
0.01%$0-IRA Saver Account
0.01%$0-Standard Savings

Androscoggin Savings Bank Money Market Rates

4.07%*$100k*-Personal Flex Money Market Account - New Money
OTHER TIERS: 2.53% $0 - $100k
4.07%*$100k*-Business Flex Money Market Account - New Money
OTHER TIERS: 2.53% $0 - $100k
0.50%*$100k*-Personal Money Market Account
OTHER TIERS: 0.01% $0 - $5k | 0.15% $5k - $25k | 0.20% $25k - $50k | 0.25% $50k - $75k | 0.30% $75k - $100k
0.50%*$100k*-Business Money Market Account
OTHER TIERS: 0.01% $0 - $5k | 0.15% $5k - $25k | 0.20% $25k - $50k | 0.25% $50k - $75k | 0.30% $75k - $100k

Androscoggin Savings Bank Checking Account Rates

0.20%*$25k*$100kPreferred Checking
OTHER TIERS: 0.10% $0+
0.10%$0-Community NOW Checking

Androscoggin Savings Bank CD Rates

4.55%$1k-8 Month CD Special
4.40%$500-9 Month CD
4.40%$500-Business 9 Month CD
4.00%$500-15 Month CD
4.00%$500-Business 15 Month CD
3.75%$500-1 Year CD
3.75%$500-Business 1 Year CD
3.56%$500-3 Year CD
3.56%$500-Business 3 Year CD
0.75%$500-2 Year CD
0.75%$500-Business 2 Year CD
0.45%$500-5 Year CD
0.45%$500-Business 5 Year CD
0.35%$500-4 Year CD
0.35%$500-Business 4 Year CD
0.30%$500-18 Month CD
0.30%$500-Business 18 Month CD
0.20%$500-6 Month CD
0.20%$500-Business 6 Month CD

Androscoggin Savings Bank IRA Rates

5.35%$500-18 Month Variable Rate IRA
4.40%$500-9 Month IRA
4.00%$500-15 Month IRA
3.75%$500-1 Year IRA
3.56%$500-3 Year IRA
0.75%$500-2 Year IRA
0.45%$500-5 Year IRA
0.35%$500-4 Year IRA
0.30%$500-18 Month IRA
0.20%$500-6 Month IRA


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