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  2. Gorham Savings Bank

Gorham Savings Bank

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
0.20%Reward CheckingMake Cents Checking
1.84% - National Average
1.15%5-year CD60 Month CD
2.35% - Synchrony Bank 60 Month CDAdvertisement
0.40%1-year CD12 Month CD
1.45% - CIT Bank 11-Month No-Penalty CD
View all Gorham Savings Bank rates »

Overview / Commentary
www.gorhamsavingsbank.com
207-839-4450
64 Main Street
Gorham, ME 04038

Gorham Savings Bank is headquartered in Gorham and is the 9th largest bank in the state of Maine. It is also the 704th largest bank in the nation. It was established in 1868 and as of June of 2017, it had grown to 191 employees at 14 locations. Gorham Savings Bank has an A health rating.

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Health
A

Data as of Q2 2017

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #17748
Year Established1868
Employees191
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.52%
Return on Equity - YTD5.37%
Annual Interest Income$18.6MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$1.07B$1.01B
LoansQ2 2017vs Q2 2016$825.5MM$776.4MM
DepositsQ2 2017vs Q2 2016$839.6MM$793.1MM
Equity CapitalQ2 2017vs Q2 2016$103.5MM$97.5MM
Loan Loss AllowanceQ2 2017vs Q2 2016$6.9MM$7.2MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$5.5MM$8.1MM
Real Estate OwnedQ2 2017vs Q2 2016$543.00K$247.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Gorham Savings Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$75k*-Grow&Go Savings
OTHER TIERS: 0.05% → $25 - $10k | 0.10% → $10k - $50k | 0.15% → $50k - $75k
0.25%$25-Health Savings Account (HSA Checking)
0.15%$25-Online Savings
0.10%$25-Statement Savings

Gorham Savings Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.89%$1k-Indexed Business Money Market
0.45%*$100k*-Champion Money Market Checking
OTHER TIERS: 0.05% → $25 - $10k | 0.10% → $10k - $25k | 0.20% → $25k - $50k | 0.30% → $50k - $100k
0.15%*$50k*-Money Market Checking
OTHER TIERS: 0.01% → $25 - $5k | 0.05% → $5k - $10k | 0.10% → $10k - $50k
0.15%*$50k*-Tiered Business Money Market
OTHER TIERS: 0.01% → $25 - $5k | 0.05% → $5k - $10k | 0.10% → $10k - $50k

Gorham Savings Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$25-Business IOLTA Checking
1.00%$25-Business RAHF Checking
1.00%*$250k*$1mChampion Checking
OTHER TIERS: 0.05% → $25 - $10k | 0.20% → $10k+ | 0.40% → $50k - $100k | 0.75% → $100k - $250k
0.20%*$1m*-Business Rate Checking
OTHER TIERS: 0.05% → $25 - $250k | 0.10% → $250k - $500k | 0.15% → $500k - $1mm
0.20%*$10k*-Make Cents Checking
OTHER TIERS: 0.10% → $25 - $10k

Gorham Savings Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.15%$500-60 Month CD
0.75%$500-36 Month CD
0.75%$500-48 Month CD
0.60%$500-24 Month CD
0.45%$500-18 Month CD
0.40%$500-12 Month CD
0.20%$500-6 Month CD
0.20%*$75k*-18 Month Hassle Free-Tiered CD
OTHER TIERS: 0.05% → $500 - $25k | 0.10% → $25k - $75k
0.15%$500-91 Day CD

Gorham Savings Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.15%$500-60 Month IRA
0.75%$500-36 Month IRA
0.75%$500-48 Month IRA
0.60%$500-24 Month IRA
0.45%$500-18 Month IRA
0.40%$500-12 Month IRA
0.20%$500-6 Month IRA
Locations

Availability