Featured Savings Rates
Featured Accounts

Mechanics' Savings Bank

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
1.10%5-year CD5 - 10 Year CD
0.50%SavingsStatement Savings Account
0.15%1-year CD1 Year Next Generation CD

Overview / Commentary
877-886-1020
100 Minot Avenue
Auburn, ME 04210

Mechanics' Savings Bank is headquartered in Auburn and is the 18th largest bank in the state of Maine. It is also the 1,794th largest bank in the nation. It was established in 1875 and as of September of 2016, it had grown to 71 employees at 4 locations. Mechanics' Savings Bank has a B+ health rating.

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Health
B+

Health Grade Components

Overall
FDIC Certificate #17476
Year Established1875
Employees71
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.74%
Return on Equity - YTD6.46%
Annual Interest Income$12.3MM
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$381.5MM$370.2MM
LoansQ3 2016vs Q3 2015$324.5MM$314.2MM
DepositsQ3 2016vs Q3 2015$262.2MM$262.1MM
Equity CapitalQ3 2016vs Q3 2015$44.7MM$41.0MM
Loan Loss AllowanceQ3 2016vs Q3 2015$3.7MM$4.0MM
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$4.7MM$6.2MM
Real Estate OwnedQ3 2016vs Q3 2015$247.00K$586.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Mechanics' Savings Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$25-Statement Savings Account
0.05%--Health Savings Account - Individual
0.05%--Health Savings Account - Family

Mechanics' Savings Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%--Relationship Money Market Account
0.25%--Business Money Market
0.25%*$1m*-Repurchase Sweep Account
OTHER TIERS: 0.15% Up to $500k | 0.20% $500k - $1mm
0.25%*$100k*-IRA Money Market
OTHER TIERS: 0.05% Up to $20k | 0.15% $20k - $100k
0.15%*$100k*-Premier Money Market
OTHER TIERS: 0.05% Up to $100k
0.15%*$100k*-Premier Business Money Market
OTHER TIERS: 0.05% Up to $20k | 0.10% $20k - $100k
0.05%-$5kPlanned Expense Money Market

Mechanics' Savings Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%--IOLTA Checking
0.25%--Business Investment Checking
0.20%*$50k*-Time Honored Checking
OTHER TIERS: 0.05% Up to $10k | 0.10% $10k - $20k | 0.15% $20k - $50k
0.10%*$50k*-Business Interest Checking
OTHER TIERS: 0.05% Up to $50k
0.10%*$50k*-Non Profit Interest Checking
OTHER TIERS: 0.05% Up to $50k
0.10%--Total Relationship Checking
0.05%--Interest Checking
0.05%--Deposit Relationship Checking

Mechanics' Savings Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.10%$500-5 - 10 Year CD
0.75%$500-4 Year CD
0.65%$500-3 Year CD
0.40%$500-2 Year CD
0.30%$500-15 Month CD
0.25%$500-1 Year CD
0.20%$500-9 Month CD
0.15%$500-6 Month CD
0.15%$500-1 Year Next Generation CD

Mechanics' Savings Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.10%$500-5 - 10 Year IRA
0.75%$500-4 Year IRA
0.65%$500-3 Year IRA
0.40%$500-2 Year IRA
0.30%$500-15 Month IRA
0.25%$500-1 Year IRA
0.20%$500-9 Month IRA
0.15%$500-6 Month IRA
Locations


Mechanics' Savings Bank Locations
Mechanics' Savings Bank100 Minot AvenueAuburn, ME 04210
Brunswick Office Branch16 Station Ave, Suite 103Brunswick, ME 04011
Windham Branch3 Drive-In LaneWindham, ME 04062
664 Main Sreet Branch664 Main StreetLewiston, ME 04240