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Kennebec Savings Bank


Overview / Commentary
www.kennebecsavings.bank
207-622-5801
150 State Street
Augusta, ME 04330

Kennebec Savings Bank is headquartered in Augusta and is the 10th largest bank in the state of Maine. It is also the 725th largest bank in the nation. It was established in 1870 and as of September of 2019, it had grown to 141 employees at 6 locations. Kennebec Savings Bank's money market rates are 3X the national average, and it boasts an A+ health rating.

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Health
A+

Data as of Q3 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #17897
Year Established1870
Employees141
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.02%
Return on Equity - YTD7.76%
Annual Interest Income$34.3MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$1.12B$1.05B
LoansQ3 2019vs Q3 2018$939.4MM$864.9MM
DepositsQ3 2019vs Q3 2018$784.9MM$730.1MM
Equity CapitalQ3 2019vs Q3 2018$150.7MM$135.7MM
Loan Loss AllowanceQ3 2019vs Q3 2018$5.5MM$4.9MM
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$4.6MM$3.3MM
Real Estate OwnedQ3 2019vs Q3 2018$46.00K$66.00K
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.31%*$250k*-IRA Savings
OTHER TIERS: 0.25% → Up to $2.5k | 0.50% → $2.5k - $50k | 1.01% → $50k - $100k | 1.11% → $100k - $250k
1.01%*$500k*-Premier Savings
OTHER TIERS: 0.05% → $2.5k - $20k | 0.40% → $20k - $100k | 0.80% → $100k - $250k | 0.90% → $250k - $500k
0.15%--Kids Club Savings
0.10%*$20k*-Statement Savings
OTHER TIERS: 0.05% → Up to $20k
0.10%*$20k*-HSA Savings
OTHER TIERS: 0.05% → Up to $20k
0.05%$750-HSA Checking

Kennebec Savings Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.46%*$500k*-Premier Money Market
OTHER TIERS: 0.05% → Up to $20k | 0.70% → $20k - $100k | 1.06% → $100k - $250k | 1.16% → $250k - $500k

Kennebec Savings Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.80%*$500k*-Premier Checking ll
OTHER TIERS: 0.05% → $7.5k - $50k | 0.10% → $50k - $100k | 0.35% → $100k - $250k | 0.60% → $250k - $500k
0.05%$750-Premier Checking l

Kennebec Savings Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.71%$500-5 Year CD
1.31%$500-4 Year CD
1.21%$500-3 Year CD
1.01%$500-2 Year CD
0.80%$500-1 Year CD
0.60%$500-6 Month CD
0.20%--1 Year Club Account
0.15%--6 Month Club Account

Kennebec Savings Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.71%$500-5 Year IRA
1.31%$500-4 Year IRA
1.21%$500-3 Year IRA
1.01%$500-2 Year IRA
0.80%$500-1 Year IRA
Locations


Kennebec Savings Bank Locations
Farmingdale Branch1 Northern AvenueFarmingdale, ME 04344
Kennebec Savings Bank150 State StreetAugusta, 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

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