Kennebec Savings Bank

Overview / Commentary

www.kennebecsavings.bank

207-622-5801

150 State Street
Augusta, ME 04332

Kennebec Savings Bank is headquartered in AUGUSTA and is the 9^th largest bank in the state of Maine. It is also the 654^th largest bank in the nation. It was established in 1870 and as of March of 2024, it had grown to 195 employees at 8 locations. Kennebec Savings Bank's money market rates are 9X the national average, and it has an A health rating.

Reviews

Write a Review

No reviews have been left for this bank yet. Be the first to review.

Health

Data as of Q1 2024

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	17897
Year Established	1870
Employees	195
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.2%
Return on Equity - YTD	9.81%
Annual Interest Income	$19.1MM

Assets and Liabilities
Assets	Q1 2024vs Q1 2023	$1.72B$1.67B
Loans	Q1 2024vs Q1 2023	$1.42B$1.4B
Deposits	Q1 2024vs Q1 2023	$1.3B$1.33B
Equity Capital	Q1 2024vs Q1 2023	$211.4MM$200MM
Loan Loss Allowance	Q1 2024vs Q1 2023	$8.7MM$8.5MM
Unbacked Noncurrent Loans	Q1 2024vs Q1 2023	$3.4MM$3.8MM
Real Estate Owned	Q1 2024vs Q1 2023	$0$0

Rates

Skip to rates for:

Savings
Money Market
Checking
CD
IRA

Report an Issue

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

APY	MIN	MAX	ACCOUNT NAME
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% → $0 - $2.5k \| 0.25% → $2.5k - $50k \| 0.30% → $50k - $100k \| 0.35% → $100k - $250k
0.20%^*	$20k^*	-	Statement Savings
OTHER TIERS: 0.05% → $0 - $2.5k \| 0.10% → $2.5k - $20k
0.20%^*	$20k^*	-	HSA Savings
OTHER TIERS: 0.05% → $0 - $2.5k \| 0.10% → $2.5k - $20k
0.20%	$0	-	Kids Club Savings
0.03%	$750	-	HSA Checking

Kennebec Savings Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
3.82%^*	$1m^*	-	Premier Money Market
OTHER TIERS: 1.21% → $20k - $100k \| 1.41% → $100k - $250k \| 1.77% → $250k - $500k \| 2.12% → $500k - $1m

Kennebec Savings Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
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

Locations

Kennebec Savings Bank Locations
Farmingdale Branch	1 Northern Avenue	Farmingdale, ME 04344
Kennebec Savings Bank	150 State St	Augusta, ME 04330
Waterville Branch	226 Main Street	Waterville, ME 04901
Winthrop Branch	84 Main Street	Winthrop, ME 04364
Granite Hill Estates Branch	Granite Hill Estates, 60 Balsam Drive	Hallowell, ME 04347
Freeport Branch Office	181 Lower Main Street	Freeport, ME 04032
Kennebec Federal Savings And Loan Br	11 Washington Street	Waterville, ME 04901

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.