Advertising Disclosure
  1. Home
  2. Banks
  3. Saco & Biddeford Savings Institution
Saco & Biddeford Savings Institution

Saco & Biddeford Savings Institution


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 5/20/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 5/20/2025
4.20%
Our Rating
3.6  / 5
Jenius Bank
Jenius Savings Account
See Offer
Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 5/20/2025
4.10%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 5/20/2025
4.30%
Our Rating
4.1  / 5
BrioDirect
High-Yield Savings
See Offer
Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 5/20/2025
3.80%
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms Apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 5/20/2025
4.36%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 5/20/2025
3.60%
Our Rating
4.2  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
Bonus Amount
up to $300
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Overview / Commentary
www.sbsavings.bank
207-284-4591
252 Main Street
Saco, ME 04072

Saco & Biddeford Savings Institution is headquartered in SACO and is the 11th largest bank in the state of Maine. It is also the 786th largest bank in the nation. It was established in 1827 and as of December of 2024, it had grown to 197 employees at 7 locations. Saco & Biddeford Savings Institution's savings rates are 4X the national average, and it has a B+ health rating.

Reviews

No reviews have been left for this bank yet. Be the first to review.



Health
B+

Data as of Q4 2024

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #17743
Year Established1827
Employees197
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.11%
Return on Equity - YTD1.22%
Annual Interest Income$61.2MM
Assets and Liabilities
AssetsQ4 2024vs Q4 2023$1.41B$1.38B
LoansQ4 2024vs Q4 2023$1.13B$1.09B
DepositsQ4 2024vs Q4 2023$1.01B$963.5MM
Equity CapitalQ4 2024vs Q4 2023$125.4MM$122.7MM
Loan Loss AllowanceQ4 2024vs Q4 2023$4.8MM$4.7MM
Unbacked Noncurrent LoansQ4 2024vs Q4 2023$632K$1.8MM
Real Estate OwnedQ4 2024vs Q4 2023$0$0
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 5/20/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 5/20/2025
4.20%
Our Rating
3.6  / 5
Jenius Bank
Jenius Savings Account
See Offer
Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 5/20/2025
4.30%
Our Rating
4.1  / 5
BrioDirect
High-Yield Savings
See Offer
Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 5/20/2025
4.10%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 5/20/2025
3.80%
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms Apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 5/20/2025
4.36%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 5/20/2025
3.60%
Our Rating
4.2  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
Bonus Amount
up to $300
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Rates
Skip to rates for:
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Saco & Biddeford Savings Institution; 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.

Saco & Biddeford Savings Institution Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.32%*$750k*-Mainely Preferred Savings Account
OTHER TIERS: 0.15% → $0 - $25k | 0.40% → $25k - $50k | 0.60% → $50k - $100k | 1.06% → $100k - $250k | 1.36% → $250k - $500k | 2.12% → $500k - $750k
1.31%*$0$5kYouth Savings Account
OTHER TIERS: 0.40% → $5k+

Saco & Biddeford Savings Institution Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$2.5k*-Mainely SUPER NOW Account
OTHER TIERS: 0.05% → $0 - $2.5k
0.10%$0-Mainely NOW Account

Saco & Biddeford Savings Institution CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.75%$500-6 Month CD
3.75%$500-Business 6 Month CD
3.50%$500-60 Month CD
3.50%$500-Business 60 Month CD
3.35%$500-12 Month CD
3.35%$500-18 Month CD
3.35%$500-24 Month CD
3.35%$500-30 Month CD
3.35%$500-Business 12 Month CD
3.35%$500-Business 18 Month CD
3.35%$500-Business 24 Month CD
3.35%$500-Business 30 Month CD
3.00%$500-36 Month CD
3.00%$500-84 Month CD
3.00%$500-48 Month CD
3.00%$500-42 Month CD
3.00%$500-Business 36 Month CD
3.00%$500-Business 42 Month CD
3.00%$500-Business 48 Month CD
3.00%$500-Business 84 Month CD
Locations


Saco & Biddeford Savings Institution Locations
Old Orchard Beach Branch2 Portland AvenueOld Orchard Beach, ME 04064
Saco & Biddeford Savings Institution252 Main StSaco, ME 04072
Scarborough Branch41 Gorham RoadScarborough, ME 04074
South Portland Branch601 BroadwaySouth Portland, ME 04106
Biddeford Branch160 Shops WayBiddeford, ME 04005
Westbrook BranchHannaford DriveWestbrook, ME 04092
Commercial Street Portland Branch136 Commercial StreetPortland, ME 04101

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.