Mechanics' Savings Bank

Overview / Commentary
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 1,675th largest bank in the nation. It was established in 1875 and as of June of 2019, it had grown to 37 employees at 4 locations. Mechanics' Savings Bank's CD rates are 84% higher than the national average, and it boasts an A+ health rating.


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Health Grade Components

FDIC Certificate #17476
Year Established1875
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.88%
Return on Equity - YTD6.98%
Annual Interest Income$9.4MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$426.2MM$404.0MM
LoansQ2 2019vs Q2 2018$361.1MM$343.8MM
DepositsQ2 2019vs Q2 2018$313.8MM$299.4MM
Equity CapitalQ2 2019vs Q2 2018$53.7MM$49.0MM
Loan Loss AllowanceQ2 2019vs Q2 2018$2.9MM$3.0MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$2.3MM$3.5MM
Real Estate OwnedQ2 2019vs Q2 2018$96.00K$125.00K
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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

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

0.25%*$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

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

1.66%$500-1 Year CD
1.66%$500-2 Year CD
1.66%$500-3 Year CD
1.66%$500-4 Year CD
1.66%$500-5 - 10 Year CD
1.66%$1.5k-3 Year Bump Up CD
1.66%$500-18 Month CD
1.56%$500-6 Month CD
1.06%$500-3 Month CD

Mechanics' Savings Bank IRA Rates

1.66%$500-1 Year IRA
1.66%$500-2 Year IRA
1.66%$500-3 Year IRA
1.66%$500-4 Year IRA
1.66%$500-5 - 10 Year IRA
1.66%$1.5k-3 Year Bump Up IRA
1.66%$500-18 Month IRA
1.56%$500-6 Month IRA
1.06%$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

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