Gorham Savings Bank

Overview / Commentary
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 678th largest bank in the nation. It was established in 1868 and as of March of 2022, it had grown to 195 employees at 14 locations. Gorham Savings Bank's money market rates are 14% higher than the national average, and it has an A health rating.


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Health Grade Components

FDIC Certificate #17748
Year Established1868
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD-0.31%
Return on Equity - YTD-3.64%
Annual Interest Income$12.0MM
Assets and Liabilities
AssetsQ1 2022vs Q1 2021$1.55B$1.43B
LoansQ1 2022vs Q1 2021$1.13B$1.09B
DepositsQ1 2022vs Q1 2021$1.36B$1.26B
Equity CapitalQ1 2022vs Q1 2021$122.8MM$129.7MM
Loan Loss AllowanceQ1 2022vs Q1 2021$9.2MM$12.0MM
Unbacked Noncurrent LoansQ1 2022vs Q1 2021$7.8MM$12.8MM
Real Estate OwnedQ1 2022vs Q1 2021$0$0
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Always verify rates and promotions with the bank or credit union. We are not Gorham 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.

Gorham Savings Bank Savings Account Rates

0.15%*$75k*-Grow&Go Savings
OTHER TIERS: 0.05% $25 - $10k | 0.10% $10k - $75k
0.10%$25-Statement Savings
0.01%$25-Health Savings Account (HSA Checking)

Gorham Savings Bank Money Market Rates

0.50%*$100k*-Champion Money Market Checking
OTHER TIERS: 0.05% $25 - $10k | 0.15% $10k - $25k | 0.20% $25k - $50k | 0.30% $50k - $100k
0.40%*$250k*-Premier Business Money Market
OTHER TIERS: 0.01% $25 - $10k | 0.10% $10k - $50k | 0.20% $50k - $100k | 0.25% $100k - $250k
0.25%*$50k*-Tiered Business Money Market
OTHER TIERS: 0.01% $25 - $5k | 0.05% $5k - $10k | 0.10% $10k - $25k | 0.15% $25k - $50k
0.15%*$50k*-Money Market Checking
OTHER TIERS: 0.01% $25 - $5k | 0.05% $5k - $10k | 0.10% $10k - $50k

Gorham Savings Bank Checking Account Rates

1.00%$25-IOLTA Checking
1.00%$25-RAHF Checking
0.75%*$250k*-Champion Checking
OTHER TIERS: 0.15% $25 - $10k | 0.35% $10k - $50k | 0.50% $50k - $100k | 0.60% $100k - $250k
0.20%*$1m*-Business Rate Checking
OTHER TIERS: 0.05% $25 - $250k | 0.10% $250k - $500k | 0.15% $500k - $1m
0.05%*$10k*-Make Cents Checking
OTHER TIERS: 0.02% $25 - $10k
0.05%*$10k*-Make Change Checking
OTHER TIERS: 0.02% $25 - $10k

Gorham Savings Bank CD Rates

1.20%$500-60 Month CD
1.00%$500-20 Month CD Special
0.50%$500-48 Month CD
0.40%$500-36 Month CD
0.35%$500-24 Month CD
0.25%$500-18 Month CD
0.20%$500-12 Month CD
0.15%*$75k*-18 Month Hassle Free-Tiered CD
OTHER TIERS: 0.05% $500 - $25k | 0.10% $25k - $75k
0.10%$500-6 Month CD
0.05%$500-91 Day CD

Gorham Savings Bank IRA Rates

1.20%$500-60 Month IRA
1.00%$500-20 Month IRA Special
0.50%$500-48 Month IRA
0.40%$500-36 Month IRA
0.35%$500-24 Month IRA
0.25%$500-18 Month IRA
0.20%$500-12 Month IRA
0.10%$500-6 Month IRA


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