Kennebec Savings Bank

Overview / Commentary
150 State Street
Augusta, ME 04332

Kennebec Savings Bank is headquartered in AUGUSTA and is the 9th largest bank in the state of Maine. It is also the 661st largest bank in the nation. It was established in 1870 and as of December of 2023, it had grown to 196 employees at 8 locations. Kennebec Savings Bank's money market rates are 9X the national average, and it has an A health rating.


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Health Grade Components

FDIC Certificate #17897
Year Established1870
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.65%
Return on Equity - YTD5.45%
Annual Interest Income$71MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$1.71B$1.64B
LoansQ4 2023vs Q4 2022$1.43B$1.37B
DepositsQ4 2023vs Q4 2022$1.31B$1.35B
Equity CapitalQ4 2023vs Q4 2022$207.7MM$196MM
Loan Loss AllowanceQ4 2023vs Q4 2022$9MM$9MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$3MM$3.3MM
Real Estate OwnedQ4 2023vs Q4 2022$0$0
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Always verify rates and promotions with the bank or credit union. We are not Kennebec 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.

Kennebec Savings Bank Savings Account Rates

0.55%*$500k*-Premier Savings
OTHER TIERS: 0.10% $2.5k - $20k | 0.20% $20k - $100k | 0.30% $100k - $250k | 0.45% $250k - $500k
0.45%*$250k*-Premier IRA Savings
OTHER TIERS: 0.15% Up to $2.5k | 0.25% $2.5k - $50k | 0.30% $50k - $100k | 0.35% $100k - $250k
0.20%*$20k*-Statement Savings
OTHER TIERS: 0.05% Up to $2.5k | 0.10% $2.5k - $20k
0.20%*$20k*-HSA Savings
OTHER TIERS: 0.05% Up to $2.5k | 0.10% $2.5k - $20k
0.20%--Kids Club Savings
0.03%$750-HSA Checking

Kennebec Savings Bank Money Market Rates

3.82%*$1m*-Premier Money Market
OTHER TIERS: 1.31% $20k - $100k | 1.51% $100k - $250k | 1.87% $250k - $500k | 2.22% $500k - $1m

Kennebec Savings Bank Checking Account Rates

0.20%*$250k*-Premier Checking ll
OTHER TIERS: 0.05% $7.5k - $50k | 0.10% $50k - $100k | 0.15% $100k - $250k
0.03%$750-Premier Checking l

Kennebec Savings Bank CD Rates

4.13%$500-9 Month CD
4.08%$500-6 Month CD
3.56%$500-1 Year CD
3.56%$500-2 Year CD
1.01%$500-5 Year CD
0.95%$500-4 Year CD
0.90%$500-3 Year CD
0.25%$1-1 Year Club Account
0.20%$1-6 Month Club Account

Kennebec Savings Bank IRA Rates

3.56%$500-1 Year IRA
3.56%$500-2 Year IRA
1.01%$500-5 Year IRA
0.95%$500-4 Year IRA
0.90%$500-3 Year IRA

Kennebec Savings Bank Locations
Farmingdale Branch1 Northern AvenueFarmingdale, ME 04344
Kennebec Savings Bank150 State StAugusta, ME 04330
Waterville Branch226 Main StreetWaterville, ME 04901
Winthrop Branch84 Main StreetWinthrop, ME 04364
Granite Hill Estates BranchGranite Hill Estates, 60 Balsam DriveHallowell, ME 04347
Freeport Branch Office181 Lower Main StreetFreeport, ME 04032
Kennebec Federal Savings And Loan Br11 Washington StreetWaterville, ME 04901

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