Featured Savings Rates
Featured Accounts

Gorham Savings Bank

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
0.20%Reward CheckingMake Cents Checking
1.15%5-year CD60 Month CD
0.40%1-year CD12 Month CD

Overview / Commentary
207-839-4450
64 Main Street
Gorham, ME 04038

Gorham Savings Bank is headquartered in Gorham and is the 8th largest bank in the state of Maine. It is also the 721st largest bank in the nation. It was established in 1868 and as of March of 2017, it had grown to 184 employees at 13 locations. Gorham Savings Bank has an A health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #17748
Year Established1868
Employees184
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.47%
Return on Equity - YTD4.86%
Annual Interest Income$9.1MM
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$1.04B$1.00B
LoansQ1 2017vs Q1 2016$803.7MM$774.5MM
DepositsQ1 2017vs Q1 2016$809.7MM$807.7MM
Equity CapitalQ1 2017vs Q1 2016$101.7MM$94.8MM
Loan Loss AllowanceQ1 2017vs Q1 2016$7.4MM$7.3MM
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$6.0MM$8.5MM
Real Estate OwnedQ1 2017vs Q1 2016$200.00K$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
0.87%$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

Gorham Savings Bank has 12 locations. Click to view all Gorham Savings Bank locations.