Mechanics' Savings Bank

Deposits held and insured by Biddeford Savings Bank

Overview / Commentary
207-786-5715
100 Minot Avenue
Auburn, ME 04210
Deposits held and insured by Biddeford Savings Bank
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Health
A+

Data as of Q3 2019

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

Overall
FDIC Certificate #17476
Year Established1875
Employees38
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.91%
Return on Equity - YTD7.19%
Annual Interest Income$14.3MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$423.3MM$408.0MM
LoansQ3 2019vs Q3 2018$355.7MM$347.7MM
DepositsQ3 2019vs Q3 2018$325.0MM$300.2MM
Equity CapitalQ3 2019vs Q3 2018$54.9MM$49.9MM
Loan Loss AllowanceQ3 2019vs Q3 2018$3.0MM$2.9MM
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$2.3MM$2.5MM
Real Estate OwnedQ3 2019vs Q3 2018$0$144.00K
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
0.50%-$5kPlanned Expense Account
0.25%*$50k*-Health Savings Account - Individual
OTHER TIERS: 0.10% Up to $10k | 0.15% $10k - $20k | 0.20% $20k - $50k
0.25%*$50k*-Health Savings Account - Family
OTHER TIERS: 0.10% Up to $10k | 0.15% $10k - $20k | 0.20% $20k - $50k
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

Mechanics' Savings Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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
0.25%--Relationship Money Market Account
0.15%*$100k*-Premier Money Market
OTHER TIERS: 0.05% Up to $100k

Mechanics' Savings Bank Checking Account Rates

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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.46%$500-1 Year CD
1.46%$500-2 Year CD
1.46%$500-3 Year CD
1.46%$500-4 Year CD
1.46%$500-5 - 10 Year CD
1.46%$1.5k-3 Year Bump Up CD
1.46%$500-18 Month CD
1.36%$500-6 Month CD
1.06%$500-3 Month CD

Mechanics' Savings Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.46%$500-1 Year IRA
1.46%$500-2 Year IRA
1.46%$500-3 Year IRA
1.46%$500-4 Year IRA
1.46%$500-5 - 10 Year IRA
1.46%$1.5k-3 Year Bump Up IRA
1.46%$500-18 Month IRA
1.36%$500-6 Month IRA
1.06%$500-3 Month IRA
Locations


Cities: Auburn, Biddeford, Brunswick, Kennebunk, Lewiston, Scarborough, Waterboro, Windham

Auburn Branches
Mechanics' Savings Bank100 Minot AvenueAuburn, ME 04210

Biddeford Branches
Main Street Biddeford Branch234 Main StreetBiddeford, ME 04005
Alfred Street Branch473 Alfred StreetBiddeford, ME 04005
Maine Community Bank254 Main StreetBiddeford, ME 04005

Brunswick Branches
Brunswick Office Branch16 Station Ave, Suite 103Brunswick, ME 04011

Kennebunk Branches
Kennebunk Branch65 Portland RoadKennebunk, ME 04043

Lewiston Branches
664 Main Sreet Branch664 Main StreetLewiston, ME 04240

Scarborough Branches
Scarborough Branch206 US Route OneScarborough, ME 04074

Waterboro Branches
Waterboro Branch846 Main StreetWaterboro, ME 04087

Windham Branches
Windham Branch3 Drive-In LaneWindham, ME 04062

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