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Machias Savings Bank

Popular Accounts at this Bank

0.50%Reward CheckingUltimate Green
1.50%5-year CD60 Month CD
0.27%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 615th largest bank in the nation. It was established in 1869 and as of June of 2016, it had grown to 249 employees at 18 locations. Machias Savings Bank has an A health rating.

Reviews (1)

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 - YTD0.68%
Return on Equity - YTD5.37%
Annual Interest Income$26.7MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$1.20B$1.12B
LoansQ2 2016vs Q2 2015$1.03B$957.4MM
DepositsQ2 2016vs Q2 2015$972.2MM$935.2MM
Equity CapitalQ2 2016vs Q2 2015$151.2MM$142.3MM
Loan Loss AllowanceQ2 2016vs Q2 2015$20.9MM$21.0MM
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$13.0MM$16.7MM
Real Estate OwnedQ2 2016vs Q2 2015$2.2MM$3.3MM
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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

0.27%--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

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

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

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

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