Featured Savings Rates
Featured Accounts

Mechanics' Savings Bank

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
1.76%5-year CD5 - 10 Year CD
0.15%1-year CD1 Year Next Generation CD
0.10%SavingsStatement Savings Account

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 1,803rd largest bank in the nation. It was established in 1875 and as of March of 2017, it had grown to 75 employees at 4 locations. Mechanics' Savings Bank has an A health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #17476
Year Established1875
Employees75
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.65%
Return on Equity - YTD5.47%
Annual Interest Income$4.0MM
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$382.2MM$378.6MM
LoansQ1 2017vs Q1 2016$326.9MM$320.7MM
DepositsQ1 2017vs Q1 2016$273.0MM$262.2MM
Equity CapitalQ1 2017vs Q1 2016$45.7MM$43.1MM
Loan Loss AllowanceQ1 2017vs Q1 2016$3.6MM$4.1MM
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$4.5MM$4.8MM
Real Estate OwnedQ1 2017vs Q1 2016$137.00K$580.00K
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%-$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%*$2,500*-Health Savings Account - Individual
OTHER TIERS: 0.05% Up to $2,500
0.10%*$2,500*-Health Savings Account - Family
OTHER TIERS: 0.05% Up to $2,500

Mechanics' Savings Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%--Relationship Money Market Account
0.25%*$100k*-Premier Business Money Market
OTHER TIERS: 0.05% Up to $20k | 0.10% $20k - $100k
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 $20k | 0.10% $20k - $100k

Mechanics' Savings Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.76%$500-5 - 10 Year CD
1.00%$500-4 Year CD
0.85%$500-3 Year CD
0.50%$500-2 Year CD
0.40%$500-1 Year CD
0.40%$500-15 Month 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
1.76%$500-5 - 10 Year IRA
1.00%$500-4 Year IRA
0.85%$500-3 Year IRA
0.50%$500-2 Year IRA
0.40%$500-1 Year IRA
0.40%$500-15 Month 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