Featured Savings Rates
Featured Accounts

Norway Savings Bank

Popular Accounts at this Bank

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

Overview / Commentary
207-743-7986
261 Main Street
Norway, ME 04268

Norway Savings Bank is headquartered in Norway and is the 7th largest bank in the state of Maine. It is also the 666th largest bank in the nation. It was established in 1866 and as of September of 2017, it had grown to 285 employees at 25 locations. Norway Savings Bank has an A health rating.

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Reviews (5)

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!

Norway Savings Should Show More Concern For The Welfare Of Their Clients

Posted by: Neverdone | Jul 16, 2017

A while back, I deposited some checks into Norway Savings that brought my balance up into the six digit figures.
Like many others, I do not have experience at handling this much money so I asked them if they could put me in contact with a financial advisor or a trustee for clients estates.

They told me I had to have at least $250,000 in order for them to help me with investing and protecting my money. I think this approach is cold and heartless.

They showed a blatant lack of concern about the huge amount of money I had in savings. I know now that having tens of thousands of dollars in a savings account is dangerous unless it's only there for a short span of time.

After the first time I asked, I brought it up again and begged and pleaded with them to help me in some way. They still reminded me that I did not have enough money for them to offer up any protection.

I have a whole history of financial abuse. I do not think I should have to beg them for guidance.

They really need to create a list of resources that clients like me could tap into.
I also think they should offer classes on financial management and should also try to think with you instead of being indifferent.

They never offered up any assistance outside of a CD that does not even keep pace with inflation.

I have been banking with them for several years and almost everyone working at the counter was always friendly and helpful. I can see now that I should not have taken this at face value.

I think Norway Savings Bank should go out of their way to protect their clients. I do not think anyone should need to have money in the six-digit figures to get some form of protection from them.

They really need to change their attitude toward clients who ask them for help.

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

Health Grade Components

Overall
FDIC Certificate #17658
Year Established1866
Employees285
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.99%
Return on Equity - YTD6.97%
Annual Interest Income$33.2MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$1.13B$1.10B
LoansQ3 2017vs Q3 2016$902.1MM$865.9MM
DepositsQ3 2017vs Q3 2016$923.7MM$906.4MM
Equity CapitalQ3 2017vs Q3 2016$161.9MM$148.8MM
Loan Loss AllowanceQ3 2017vs Q3 2016$8.1MM$8.3MM
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$2.7MM$3.0MM
Real Estate OwnedQ3 2017vs Q3 2016$0$269.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Norway Savings Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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
0.10%*$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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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%$500-1 1/2 Premium IRA
0.30%$500-2 Year Basic IRA
0.25%$500-1 1/2 Month Basic IRA
0.25%$500-18 Month Variable IRA
0.20%$500-1 Year Premium IRA
0.15%$500-1 Year Basic IRA
Locations

Availability