Machias Savings Bank

Overview / Commentary

www.machiassavings.bank

207-255-3347

4 Center Street
Machias, ME 04654

Machias Savings Bank is headquartered in MACHIAS and is the 6^th largest bank in the state of Maine. It is also the 463^rd largest bank in the nation. It was established in 1869 and as of June of 2024, it had grown to 334 employees at 15 locations. Machias Savings Bank's savings rates are 6X 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 Q2 2024

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	19531
Year Established	1869
Employees	334
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.36%
Return on Equity - YTD	3.79%
Annual Interest Income	$63MM

Assets and Liabilities
Assets	Q2 2024vs Q2 2023	$2.6B$2.4B
Loans	Q2 2024vs Q2 2023	$2.12B$1.93B
Deposits	Q2 2024vs Q2 2023	$2.01B$1.96B
Equity Capital	Q2 2024vs Q2 2023	$245.7MM$235.4MM
Loan Loss Allowance	Q2 2024vs Q2 2023	$20.5MM$22.6MM
Unbacked Noncurrent Loans	Q2 2024vs Q2 2023	$6.7MM$10.5MM
Real Estate Owned	Q2 2024vs Q2 2023	$0$45K

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 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

APY	MIN	MAX	ACCOUNT NAME
3.25%^*	$250k^*	-	High Yield Savings
OTHER TIERS: 0.25% → $0 - $50k \| 2.50% → $50k - $100k \| 2.90% → $100k - $250k
3.25%^*	$250k^*	-	High Yield Business Savings
OTHER TIERS: 0.25% → $0 - $50k \| 2.50% → $50k - $100k \| 2.90% → $100k - $250k
2.00%^*	$250k^*	-	1031 Qualified Exchange
OTHER TIERS: 0.25% → $0 - $250k
0.40%^*	$25k^*	-	Exceptional Business Savings
OTHER TIERS: 0.25% → $0 - $25k
0.40%^*	$25k^*	-	Exceptional Municipal Savings
OTHER TIERS: 0.25% → $0 - $25k
0.25%	$100	-	My MSB IRA Statement Savings
0.25%^*	$25k^*	-	My MSB Health Savings Individual
OTHER TIERS: 0.15% → $0 - $25k
0.25%^*	$25k^*	-	My MSB Health Savings Family
OTHER TIERS: 0.15% → $0 - $25k
0.25%^*	$25k^*	-	My MSB Savings
OTHER TIERS: 0.15% → $0 - $25k
0.15%	$0	-	My MSB Kid's Club Savings

Machias Savings Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.55%^*	$100k^*	-	Business Essential Fund
OTHER TIERS: 0.20% → $0 - $2.5k \| 0.25% → $2.5k - $25k \| 0.40% → $25k - $100k
0.55%^*	$100k^*	-	Essential Municipal Fund
OTHER TIERS: 0.20% → $0 - $2.5k \| 0.25% → $2.5k - $25k \| 0.40% → $25k - $100k
0.55%^*	$100k^*	-	My MSB Money Fund
OTHER TIERS: 0.20% → $0 - $2.5k \| 0.25% → $2.5k - $25k \| 0.40% → $25k - $100k
0.20%	$100k	-	ICS Money Fund

Machias Savings Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
1.00%	$0	-	IOLTA/RAHF Checking
0.15%	$100k	-	ICS / DDM Checking
0.05%^*	$10k^*	$25k	My MSB Checking
OTHER TIERS: 0.03% → $0 - $10k
0.01%	$0	-	Business Total Service with Interest Checking
0.01%	$0	-	Total Service Municipal with Interest Checking
0.01%	$0	-	Experienced Business Checking with Interest
0.01%	$0	-	Experienced Municipal with Interest

Machias Savings Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
4.00%	$500	-	7 Month CD Special
3.00%	$500	-	12 Month CD
2.80%	$500	-	48 Month CD
2.80%	$500	-	60 Month CD
2.75%	$500	-	6 Month CD
2.70%	$500	-	18 Month CD
2.70%	$500	-	24 Month CD
2.70%	$500	-	36 Month CD
2.50%	$500	-	3 Month CD

Machias Savings Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
4.00%	$100	-	7 Month IRA Special
3.00%	$100	-	12 Month IRA
2.80%	$100	-	60 Month IRA
2.80%	$100	-	48 Month IRA
2.75%	$100	-	6 Month IRA
2.70%	$100	-	18 Month IRA
2.70%	$100	-	24 Month IRA
2.70%	$100	-	36 Month IRA
2.50%	$100	-	3 Month IRA

Locations

Availability

Bangor Area

Bangor Area bank & credit union details

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.