Featured Savings Rates
Featured Accounts

Machias Savings Bank

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
0.50%Reward CheckingUltimate Green
1.50%5-year CD60 Month CD
0.27%1-year CD12 Month CD

Overview / Commentary
800-339-3347
4 Center Street
Machias, ME 04654

Machias Savings Bank is headquartered in Machias and is the 5th largest bank in the state of Maine. It is also the 608th largest bank in the nation. It was established in 1869 and as of September of 2016, it had grown to 250 employees at 18 locations. Machias Savings Bank has an A health rating.

Reviews (2)

Best Bank I've Ever Been With

Posted by: ruj88 | Oct 28, 2016

This little bank chain is only available in Maine, and they are amazing. When I opened my checking account, they waved all my fees and really helped me set it all up. I got my bank debit card that day right after I filled out the papers and got a very informative packet. Anytime I am in there and have a question or a problem, they take the time to actually help me. The way transfers are done is faster than I have seen it at other banks. I frequently get money transfers from EU, and with all other banks they take a week, at least. With Machias it's always 3 days, and it never fails. You can always reach them, and they always take time for you. They are absolutely amazing, and I will never go anywhere else.

Still Quality Hometown Banking Here

Posted by: EM87110 | Jun 13, 2016

I was initially ambivalent about this bank when our local branch was sold (again!) to them as part of a banking reorganization, but within weeks, I was very glad we had become part of the Machias Savings family. They maintained the local employees - many of whom were long-time employees; they have outstanding customer service available by phone or in person; they know us and treat us like valued members of their community. I've received excellent help when I have called with questions about our accounts or an issue. At one point, I walked into the branch with questions and a representative sat down with me immediately and spent time going over things very carefully with me. I also have had several contacts because they have quality fraud control, which means they pay close attention to the pattern of purchases and will call if they see anything of note. We have checking, savings, and a safe deposit box with our local branch - they are our go-to for all things financial! I would gladly recommend Machias Savings to friends and family. :)



Health
A

Health Grade Components

Overall
FDIC Certificate #19531
Year Established1869
Employees250
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.75%
Return on Equity - YTD5.94%
Annual Interest Income$40.2MM
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$1.23B$1.14B
LoansQ3 2016vs Q3 2015$1.03B$971.9MM
DepositsQ3 2016vs Q3 2015$1.03B$938.1MM
Equity CapitalQ3 2016vs Q3 2015$154.5MM$143.6MM
Loan Loss AllowanceQ3 2016vs Q3 2015$20.7MM$21.0MM
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$12.2MM$14.8MM
Real Estate OwnedQ3 2016vs Q3 2015$1.8MM$2.7MM
Rates
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Machias 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.

Machias Savings Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.27%--Regular IRA Statement Savings
0.27%$1k-Health Savings Account (HSA) - IRA
0.15%*$25k*-Personal Ultimate Savings
OTHER TIERS: 0.05% Up to $25k
0.15%--Health Savings Account (HSA) - Checking
0.15%*$25k*-Business Ultimate Savings
OTHER TIERS: 0.05% Up to $25k
0.10%*$25k*-Personal Statement Savings
OTHER TIERS: 0.05% Up to $25k
0.10%*$25k*-Business Statement Savings
OTHER TIERS: 0.05% Up to $25k
0.10%--Kid's Club Statement Savings
0.10%--Your Choice Savings

Machias Savings Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*$100k*-Money Fund
OTHER TIERS: 0.05% Up to $25k | 0.10% $25k - $100k
0.15%*$100k*-Business Money Fund
OTHER TIERS: 0.05% Up to $25k | 0.10% $25k - $100k

Machias Savings Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*-$10kUltimate Green
OTHER TIERS: 0.05% $10k+
0.15%*$750k*-Community Checking
OTHER TIERS: 0.05% Up to $250k | 0.10% $250k - $750k
0.05%*$25k*-Ultimate Relationship
OTHER TIERS: 0.01% Up to $10k | 0.03% $10k - $25k
0.01%$5k-Business Relationship

Machias Savings Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%$1k-60 Month CD
0.95%$1k-48 Month CD
0.75%$1k-36 Month CD
0.75%$5k-Ultimate CD
0.50%$1k-24 Month CD
0.35%$1k-18 Month CD
0.27%$1k-12 Month CD
0.27%$250-Starter CD
0.20%$1k-6 Month CD
0.15%$1k-3 Month CD

Machias Savings Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%$250-60 Month IRA
0.95%$250-48 Month IRA
0.75%$250-36 Month IRA
0.50%$250-24 Month IRA
0.35%$250-18 Month IRA
0.27%$250-12 Month IRA
0.20%$250-6 Month IRA
0.15%$250-3 Month IRA
Locations

Machias Savings Bank has 18 locations. Click to view all Machias Savings Bank locations.