Featured Savings Rates
Featured Accounts

Machias Savings Bank

Popular Accounts at this Bank

0.50%Reward CheckingUltimate Green
1.50%5-year CD60 Month CD
0.37%1-year CD12 Month CD

Overview / Commentary
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 601st largest bank in the nation. It was established in 1869 and as of March of 2017, it had grown to 247 employees at 19 locations. Machias Savings Bank has an A+ health rating.

Reviews (3)

amazing bank

I have a checking account with Machias here in Maine and it is the best bank I have every had. My little branch is great and the staff is so nice every time you go in. no matter what you need they try to help you. When I needed papers notarized it was free and the notary is always there and very friendly. When I first opened the account there was supposed to be a fee but I was so broke I could not afford it. They worked with me and waived it. The online access to the account is also super simple and very reliable. Just all around a great bank to be at.

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 Grade Components

FDIC Certificate #19531
Year Established1869
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.74%
Return on Equity - YTD5.96%
Annual Interest Income$13.9MM
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$1.29B$1.17B
LoansQ1 2017vs Q1 2016$1.08B$1.00B
DepositsQ1 2017vs Q1 2016$1.05B$975.4MM
Equity CapitalQ1 2017vs Q1 2016$159.5MM$149.0MM
Loan Loss AllowanceQ1 2017vs Q1 2016$20.6MM$20.9MM
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$10.0MM$13.3MM
Real Estate OwnedQ1 2017vs Q1 2016$541.00K$2.5MM
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* 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

0.37%$1k-Health Savings Account (HSA) - IRA
0.27%--Regular IRA Statement Savings
0.25%*$25k*-Personal Ultimate Savings
OTHER TIERS: 0.15% Up to $25k
0.25%*$25k*-Exceptional Business Savings
OTHER TIERS: 0.15% Up to $25k
0.15%--Health Savings Account (HSA) - Checking
0.15%--Family Health Savings Account (HSA) - Checking
0.10%*$25k*-Personal 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

0.25%*$100k*-Money Fund
OTHER TIERS: 0.05% Up to $2,500 | 0.15% $2,500 - $25k | 0.20% $25k - $100k
0.25%*$100k*-Essential Business Fund
OTHER TIERS: 0.05% Up to $2,500 | 0.15% $2,500 - $25k | 0.20% $25k - $100k
0.25%*$100k*-Essential Municipal Fund
OTHER TIERS: 0.05% Up to $2,500 | 0.15% $2,500 - $25k | 0.20% $25k - $100k

Machias Savings Bank Checking Account Rates

0.50%*-$10kUltimate Green
OTHER TIERS: 0.05% $10k+
0.50%*-$10kMSB at Work
OTHER TIERS: 0.05% $10k+
0.05%*$25k*-Ultimate Relationship
OTHER TIERS: 0.01% Up to $10k | 0.03% $10k - $25k

Machias Savings Bank CD Rates

1.50%$1k-60 Month CD
0.95%$1k-48 Month CD
0.75%$1k-36 Month CD
0.75%$5k-Ultimate CD
0.60%$1k-24 Month CD
0.45%$1k-18 Month CD
0.37%$1k-12 Month CD
0.37%$250-Starter CD
0.30%$1k-6 Month CD
0.25%$1k-3 Month CD

Machias Savings Bank IRA Rates

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

Machias Savings Bank has 19 locations. Click to view all Machias Savings Bank locations.