Saco & Biddeford Savings Institution
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 2.60% | 5-year CD | |
| 1.60% | Savings | 2.00% - Ally Bank Online Savings Account |
| 1.56% | 1-year CD | 2.65% - Barclays 12 Month Online CD |
Saco & Biddeford Savings Institution is headquartered in Saco and is the 12th largest bank in the state of Maine. It is also the 783rd largest bank in the nation. It was established in 1827 and as of September of 2018, it had grown to 198 employees at 8 locations. Saco & Biddeford Savings Institution's savings rates are 3X the national average, and it has an A health rating.
HORRIBLE BANK
I have been banking at Saco And Biddeford Savings for 23 years. My recent interactions with them has been extremley poor! I have been charged overture fees on my checking account when there have been deposits sitting in the night box for two days. trying to address the issue with the bank has left me extremly frustrated and aggravated ! The staff I have dealt with have been rude, and confrontational. They returned bills when there was a deposit there to cover them. Only after they charged me overture fees and returned my bills did they apply my deposit that had been sitting there the whole time!!! I strongly urge anyone looking to bank here to really do their homework!!!! I feel this is a very crooked attempt to charge clients fees that should not be there to make the bank money!!! I am spreading the word on how this bank operates so other unsuspecting people won't have the same issues! I also
had started a small business recently and went to Saco and Biddeford Savings to have them look at my business plan, so I could apply for a small business loan
and have them review it to see if they needed more information ,that was 3 .5 months ago and I never even got a return phone call and this is after 23 years of banking with them. Apparently I am not important enough to give good customer service to! I think it's the bank itself with horrible service and customer relations. I strongly urge people to NOT use this bank!!!!
Data as of Q3 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 17743 |
| Year Established | 1827 |
| Employees | 198 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.83% |
| Return on Equity - YTD | 7.54% |
| Annual Interest Income | $28.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2018vs Q3 2017 | $985.9MM$949.1MM |
| Loans | Q3 2018vs Q3 2017 | $804.6MM$764.7MM |
| Deposits | Q3 2018vs Q3 2017 | $656.1MM$613.3MM |
| Equity Capital | Q3 2018vs Q3 2017 | $108.9MM$104.3MM |
| Loan Loss Allowance | Q3 2018vs Q3 2017 | $4.5MM$4.6MM |
| Unbacked Noncurrent Loans | Q3 2018vs Q3 2017 | $7.4MM$5.3MM |
| Real Estate Owned | Q3 2018vs Q3 2017 | $346.00K$369.00K |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Saco & Biddeford Savings Institution Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.60%* | $750k* | - | Mainely Preferred Savings Account | ||
| OTHER TIERS: 0.25% → Up to $25k | 0.55% → $25k - $50k | 0.75% → $50k - $100k | 1.00% → $100k - $250k | 1.25% → $250k - $500k | 1.45% → $500k - $750k | |||||
Saco & Biddeford Savings Institution Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.10% | - | - | Mainely NOW Account |
Saco & Biddeford Savings Institution CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.60% | $500 | - | 60 Month CD | |
| 2.45% | $500 | - | 36 Month CD | |
| 2.25% | $500 | - | 24 Month CD | |
| 2.25% | $500 | - | 30 Month CD | |
| 1.95% | $500 | - | 18 Month CD | |
| 1.56% | $500 | - | 12 Month CD | |
| 0.95% | $500 | - | 6 Month CD |
Saco & Biddeford Savings Institution IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.60% | $500 | - | 60 Month IRA | |
| 2.45% | $500 | - | 36 Month IRA | |
| 2.25% | $500 | - | 24 Month IRA | |
| 2.25% | $500 | - | 30 Month IRA | |
| 1.95% | $500 | - | 18 Month IRA | |
| 1.56% | $500 | - | 12 Month IRA | |
| 0.95% | $500 | - | 6 Month IRA |
| Saco & Biddeford Savings Institution Locations | ||
|---|---|---|
| Old Orchard Beach Branch | 2 Portland Avenue | Old Orchard Beach, ME 04064 |
| Saco & Biddeford Savings Institution | 252 Main Street | Saco, ME 04072 |
| Scarborough Branch | 41 Gorham Road | Scarborough, ME 04074 |
| South Portland Branch | 601 Broadway | South Portland, ME 04106 |
| Biddeford Branch | 160 Shops Way | Biddeford, ME 04005 |
| Westbrook Branch | Hannaford Drive | Westbrook, ME 04092 |
| Commercial Street Portland Branch | 136 Commercial Street | Portland, ME 04101 |