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 1,710th largest bank in the nation. It was established in 1875 and as of December of 2018, it had grown to 36 employees at 4 locations. Mechanics' Savings Bank's CD rates are 68% higher than 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 - YTD0.98%
Return on Equity - YTD8.09%
Annual Interest Income$18.1MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$412.6MM$396.5MM
LoansQ4 2018vs Q4 2017$347.6MM$336.9MM
DepositsQ4 2018vs Q4 2017$299.7MM$280.2MM
Equity CapitalQ4 2018vs Q4 2017$51.3MM$47.8MM
Loan Loss AllowanceQ4 2018vs Q4 2017$2.8MM$3.3MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$2.4MM$3.9MM
Real Estate OwnedQ4 2018vs Q4 2017$179.00K$282.00K
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

2.55%$500-5 - 10 Year CD
2.45%$500-4 Year CD
2.34%$500-3 Year CD
2.34%$1.5k-3 Year Bump Up CD
2.24%$500-2 Year CD
2.02%$500-18 Month CD
1.51%$500-1 Year CD
1.00%$500-6 Month CD
0.85%$500-3 Month CD

Mechanics' Savings Bank IRA Rates

2.55%$500-5 - 10 Year IRA
2.45%$500-4 Year IRA
2.34%$500-3 Year IRA
2.34%$1.5k-3 Year Bump Up IRA
2.24%$500-2 Year IRA
2.02%$500-18 Month IRA
1.51%$500-1 Year IRA
1.00%$500-6 Month IRA
0.85%$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.