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Norway Savings Bank

Popular Accounts at this Bank

0.95%5-year CD5 Year Basic CD
0.15%1-year CD1 Year Basic CD
0.03%SavingsPassbook Savings

Overview / Commentary
261 Main Street
Norway, ME 04268

Norway Savings Bank is headquartered in Norway and is the 6th largest bank in the state of Maine. It is also the 673rd largest bank in the nation. It was established in 1866 and as of December of 2016, it had grown to 278 employees at 25 locations. Norway Savings Bank has an A+ health rating.

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Reviews (4)

A Different Kind Of Bank

Posted by: CSS | Nov 21, 2014

The individualized service and professionalism we've experienced at Norway Savings just can't be matched at other banks. They know you by name and are always happy to help. After many mortgages, refi's and daily transactions, we couldn't be happier.

Customer Service With Norway Bank

Posted by: cowboyed | Nov 21, 2014

I think the Norway Bank customer service reps. are excellent. They are very responsive. One time I was locked out of the online access and the representative called me back after they had worked with me to get access just to make sure I got into my accounts since it was a Saturday. I think they are great!

Software Engineer

Posted by: jhaughey | May 15, 2016

First) I moved to Maine and opened a checking account at Norway as part of that move.
It took 2 weeks to get checks and the debit card, I had no access to my money for 2 weeks, except by going to the bank and getting cash.
Second) After 4 weeks of having account, I was stranded, low on fuel and bank computers were down, couldn't get gas.
Third) Needed a new laptop for my work, purchase was declined, plenty of funds. Don't know why???
Forth) Can't get access to my on line account, and no help on this over the weekends.

This has been, by far, the worst banking experience I have ever had.

Refi Takes Forever And A Day

Posted by: njSeals | Sep 17, 2013

Incredibly slow turnaround.  They never get back to you.  I have to do all the follow up. What should have been simple takes them twice as long as the local credit union.  I thought because I financed with them the first time that a refi would be simpler to stay with them.... wrong.  It was like starting from scratch and they asked me to provide paperwork that they already had.


Health Grade Components

FDIC Certificate #17658
Year Established1866
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.97%
Return on Equity - YTD7.02%
Annual Interest Income$41.9MM
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$1.09B$1.03B
LoansQ4 2016vs Q4 2015$873.9MM$818.3MM
DepositsQ4 2016vs Q4 2015$900.1MM$846.0MM
Equity CapitalQ4 2016vs Q4 2015$153.0MM$140.6MM
Loan Loss AllowanceQ4 2016vs Q4 2015$8.3MM$8.5MM
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$2.1MM$4.4MM
Real Estate OwnedQ4 2016vs Q4 2015$296.00K$826.00K
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Norway Savings Bank Savings Account Rates

0.50%*$50k*-Health Savings Account
OTHER TIERS: 0.10% Up to $2,500 | 0.15% $2,500 - $5k | 0.20% $5k - $10k | 0.25% $10k - $25k | 0.35% $25k - $50k
0.35%$25-IRA Savings
0.35%$25-Roth IRA Savings
0.10%*$100k*-Savings Solutions Relationship Account
OTHER TIERS: 0.03% Up to $25k | 0.05% $25k - $50k | 0.08% $50k - $100k
0.03%$25-Holiday Club
0.03%*$25k*-inBusiness Premium Savings Relationship Account
OTHER TIERS: 0.01% $2,500 - $25k
0.03%$25-Statement Savings
0.03%$25-Passbook Savings

Norway Savings Bank Money Market Rates

0.05%*$100k*-inBusiness MMDA
OTHER TIERS: 0.01% $2,500 - $25k | 0.03% $25k - $100k
0.03%*$25k*-Personal Money Market
OTHER TIERS: 0.01% $25 - $25k

Norway Savings Bank Checking Account Rates

0.50%*$2,500*$25kFull Solutions Checking
OTHER TIERS: 0.15% $25k+
0.15%*$250k*-Flexible Solutions Checking
OTHER TIERS: 0.05% $2,500 - $100k | 0.10% $100k - $250k

Norway Savings Bank CD Rates

1.11%$500-5 Year Premium CD
0.95%$500-5 Year Basic CD
0.70%$500-4 Year Premium CD
0.65%$500-4 Year Basic CD
0.60%$500-3 Year Premium CD
0.50%$500-3 Year Basic CD
0.40%$500-2 Year Premium CD
0.30%$500-1 1/2 Year Premium CD
0.30%$500-2 Year Basic CD
0.25%$500-1 1/2 Year Basic CD
0.20%$500-1 Year Premium CD
0.15%$500-6 Month Premium CD
0.15%$500-1 Year Basic CD
0.10%$500-91 Day Premium CD
0.10%$500-6 Month Basic CD
0.05%$500-91 Day Basic CD

Norway Savings Bank IRA Rates

1.11%$500-5 Year Premium IRA
0.95%$500-5 Year Basic IRA
0.70%$500-4 Year Premium IRA
0.65%$500-4 Year Basic IRA
0.60%$500-3 Year Premium IRA
0.50%$500-3 Year Basic IRA
0.40%$500-2 Year Premium IRA
0.30%$500-18 Month Premium IRA
0.30%$500-2 Year Basic IRA
0.25%$500-18 Month Basic IRA
0.25%$500-18 Month Variable IRA
0.20%$500-1 Year Premium IRA
0.15%$500-1 Year Basic IRA

Norway Savings Bank has 24 locations. Click to view all Norway Savings Bank locations.