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 676th largest bank in the nation. It was established in 1868 and as of June of 2018, it had grown to 202 employees at 14 locations. Gorham Savings Bank has an A health rating.


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Health Grade Components

FDIC Certificate #17748
Year Established1868
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.56%
Return on Equity - YTD6%
Annual Interest Income$21.7MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$1.15B$1.07B
LoansQ2 2018vs Q2 2017$912.3MM$825.5MM
DepositsQ2 2018vs Q2 2017$873.6MM$839.6MM
Equity CapitalQ2 2018vs Q2 2017$104.4MM$103.5MM
Loan Loss AllowanceQ2 2018vs Q2 2017$7.9MM$6.9MM
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$5.1MM$5.5MM
Real Estate OwnedQ2 2018vs Q2 2017$543.00K$543.00K
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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

0.25%*$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

2.01%$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

1.25%*$250k*$1mChampion Checking
OTHER TIERS: 0.05% $25 - $10k | 0.20% $1m+ | 0.25% $10k - $50k | 0.50% $50k - $100k | 1.00% $100k - $250k
1.00%$25-Business IOLTA Checking
1.00%$25-Business RAHF Checking
0.20%*$1m*-Business Rate Checking
OTHER TIERS: 0.05% $25 - $250k | 0.10% $250k - $500k | 0.15% $500k - $1m
0.20%*$10k*-Make Cents Checking
OTHER TIERS: 0.10% $25 - $10k

Gorham Savings Bank CD Rates

2.25%$500-24 Month CD
2.25%$500-36 Month CD
2.25%$500-48 Month CD
2.25%$500-60 Month CD
2.00%$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

2.25%$500-24 Month IRA
2.25%$500-36 Month IRA
2.25%$500-48 Month IRA
2.25%$500-60 Month IRA
2.00%$500-18 Month IRA
0.40%$500-12 Month IRA
0.20%$500-6 Month IRA


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