Mechanics' Savings Bank

Deposits held and insured by Biddeford Savings Bank

Overview / Commentary
207-786-5700
100 Minot Avenue
Auburn, ME 04210
Deposits held and insured by Biddeford Savings Bank
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Health
A+

Data as of Q3 2021

Data displayed below is for insuring bank: Biddeford Savings Bank
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Health Grade Components

Overall
FDIC Certificate #17741
Year Established1867
Employees158
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.92%
Return on Equity - YTD7.34%
Annual Interest Income$27.6MM
Assets and Liabilities
AssetsQ3 2021vs Q3 2020$999.1MM$984.8MM
LoansQ3 2021vs Q3 2020$806.5MM$854.9MM
DepositsQ3 2021vs Q3 2020$846.4MM$811.9MM
Equity CapitalQ3 2021vs Q3 2020$128.1MM$120.0MM
Loan Loss AllowanceQ3 2021vs Q3 2020$7.9MM$7.0MM
Unbacked Noncurrent LoansQ3 2021vs Q3 2020$1.8MM$2.4MM
Real Estate OwnedQ3 2021vs Q3 2020$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Mechanics' 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.

Mechanics' Savings Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$20k*-Health Savings Account
OTHER TIERS: 0.10% Up to $5k | 0.15% $5k - $20k
0.20%-$5kOn Your Corner Planned Savings
0.15%*$50k*-On Your Corner Savings
OTHER TIERS: 0.05% Up to $10k | 0.10% $10k - $50k
0.15%*$100k*-In Your Corner Business Savings
OTHER TIERS: 0.05% Up to $20k | 0.10% $20k - $100k
0.15%*$100k*-In Your Corner Small Business Savings
OTHER TIERS: 0.05% Up to $20k | 0.10% $20k - $100k

Mechanics' Savings Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$100k*-On Your Corner IRA Money Market
OTHER TIERS: 0.05% Up to $20k | 0.15% $20k - $100k
0.15%*$250k*-On Your Corner Money Market
OTHER TIERS: 0.05% Up to $20k | 0.10% $20k - $250k
0.15%*$250k*-In Your Corner Business Money Market
OTHER TIERS: 0.05% Up to $20k | 0.10% $20k - $250k

Mechanics' Savings Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*$50k*-On Your Corner Relationship Checking
OTHER TIERS: 0.05% Up to $10k | 0.10% $10k - $50k
0.15%*$250k*-In Your Corner Business Yield Checking
OTHER TIERS: 0.05% Up to $25k | 0.10% $25k - $250k
0.05%--On Your Corner Interest Checking

Mechanics' Savings Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.45%$500-48 Month CD
0.45%$500-60 Month CD
0.35%$500-24 Month CD
0.35%$500-36 Month CD
0.35%$500-18 Month CD
0.30%$500-12 Month CD
0.20%$500-6 Month CD
0.10%$500-3 Month CD

Mechanics' Savings Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.45%$500-48 Month IRA
0.45%$500-60 Month IRA
0.35%$500-24 Month IRA
0.35%$500-36 Month IRA
0.35%$500-18 Month IRA
0.30%$500-12 Month IRA
0.20%$500-6 Month IRA
Locations

Availability



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