Advertising Disclosure

Mechanics' Savings Bank

Overview / Commentary
100 Minot Avenue
Auburn, ME 04210

Mechanics' Savings Bank is headquartered in Auburn and is the 19th largest bank in the state of Maine. It is also the 1,721st largest bank in the nation. It was established in 1875 and as of March of 2019, it had grown to 36 employees at 4 locations. Mechanics' Savings Bank's CD rates are 2X the national average, and it boasts an A+ health rating.


No reviews have been left for this bank yet. Be the first to review.


Health Grade Components

FDIC Certificate #17476
Year Established1875
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.92%
Return on Equity - YTD7.29%
Annual Interest Income$4.6MM
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$412.6MM$402.7MM
LoansQ1 2019vs Q1 2018$347.4MM$342.2MM
DepositsQ1 2019vs Q1 2018$304.6MM$286.4MM
Equity CapitalQ1 2019vs Q1 2018$52.6MM$48.1MM
Loan Loss AllowanceQ1 2019vs Q1 2018$2.8MM$3.2MM
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$2.2MM$4.1MM
Real Estate OwnedQ1 2019vs Q1 2018$259.00K$338.00K
Report an Issue

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

0.50%-$5kPlanned Expense Account
0.25%*$100k*-Business on the Move Savings
OTHER TIERS: 0.05% Up to $20k | 0.10% $20k - $100k
0.10%$25-Statement Savings Account
0.10%*$2.5k*-Health Savings Account - Individual
OTHER TIERS: 0.05% Up to $2.5k
0.10%*$2.5k*-Health Savings Account - Family
OTHER TIERS: 0.05% Up to $2.5k

Mechanics' Savings Bank Money Market Rates

0.35%--Relationship Money Market Account
0.25%*$100k*-Premier Business Money Market
OTHER TIERS: 0.05% Up to $20k | 0.10% $20k - $100k
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

Mechanics' Savings Bank Checking Account Rates

0.75%--IOLTA Checking
0.25%--Business Investment Checking
0.20%*$50k*-Deposit Relationship 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
0.05%--Interest Checking
0.05%--Time Honored Checking

Mechanics' Savings Bank CD Rates

2.22%$500-2 Year CD
2.22%$500-3 Year CD
2.22%$500-4 Year CD
2.22%$500-5 - 10 Year CD
2.22%$1.5k-3 Year Bump Up CD
2.12%$500-1 Year CD
2.12%$500-18 Month CD
2.02%$500-6 Month CD
1.00%$500-3 Month CD

Mechanics' Savings Bank IRA Rates

2.22%$500-2 Year IRA
2.22%$500-3 Year IRA
2.22%$500-4 Year IRA
2.22%$500-5 - 10 Year IRA
2.22%$1.5k-3 Year Bump Up IRA
2.12%$500-1 Year IRA
2.12%$500-18 Month IRA
2.02%$500-6 Month IRA
1.00%$500-3 Month IRA

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

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.