Kennebec Savings Bank

Overview / Commentary
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 687th largest bank in the nation. It was established in 1870 and as of June of 2022, it had grown to 189 employees at 7 locations. Kennebec Savings Bank's money market rates are 4X the national average, and it boasts an A+ health rating.


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Health Grade Components

FDIC Certificate #17897
Year Established1870
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD-0.61%
Return on Equity - YTD-4.54%
Annual Interest Income$25.2MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$1.53B$1.36B
LoansQ2 2022vs Q2 2021$1.27B$1.13B
DepositsQ2 2022vs Q2 2021$1.25B$1.12B
Equity CapitalQ2 2022vs Q2 2021$191.4MM$191.5MM
Loan Loss AllowanceQ2 2022vs Q2 2021$8.0MM$7.2MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$3.9MM$5.0MM
Real Estate OwnedQ2 2022vs Q2 2021$0$469.00K
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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

0.40%*$500k*-Premier Savings
OTHER TIERS: 0.05% $2.5k - $20k | 0.15% $20k - $100k | 0.20% $100k - $250k | 0.30% $250k - $500k
0.35%*$250k*-Premier IRA Savings
OTHER TIERS: 0.15% Up to $2.5k | 0.20% $2.5k - $50k | 0.25% $50k - $100k | 0.30% $100k - $250k
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
0.04%$750-HSA Checking

Kennebec Savings Bank Money Market Rates

1.61%*$500k*-Premier Money Market
OTHER TIERS: 0.90% $20k - $100k | 1.11% $100k - $250k | 1.36% $250k - $500k
1.25%$25k-Jumpstart Money Market

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
0.04%$750-Premier Checking l

Kennebec Savings Bank CD Rates

0.70%$500-5 Year CD
0.65%$500-4 Year CD
0.60%$500-3 Year CD
0.50%$500-2 Year CD
0.35%$500-1 Year CD
0.30%$500-6 Month CD
0.20%$1-1 Year Club Account
0.15%$1-6 Month Club Account

Kennebec Savings Bank IRA Rates

0.70%$500-5 Year IRA
0.65%$500-4 Year IRA
0.60%$500-3 Year IRA
0.50%$500-2 Year IRA
0.35%$500-1 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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