Saco & Biddeford Savings Institution

Overview / Commentary
252 Main Street
Saco, ME 04072

Saco & Biddeford Savings Institution is headquartered in Saco and is the 13th largest bank in the state of Maine. It is also the 874th largest bank in the nation. It was established in 1827 and as of September of 2021, it had grown to 200 employees at 8 locations. Saco & Biddeford Savings Institution has an A+ health rating.

Reviews (1)


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!!!!


Health Grade Components

FDIC Certificate #17743
Year Established1827
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.65%
Return on Equity - YTD5.93%
Annual Interest Income$27.8MM
Assets and Liabilities
AssetsQ3 2021vs Q3 2020$1.18B$1.10B
LoansQ3 2021vs Q3 2020$922.9MM$863.0MM
DepositsQ3 2021vs Q3 2020$903.8MM$801.8MM
Equity CapitalQ3 2021vs Q3 2020$127.3MM$121.4MM
Loan Loss AllowanceQ3 2021vs Q3 2020$5.0MM$4.7MM
Unbacked Noncurrent LoansQ3 2021vs Q3 2020$4.3MM$3.1MM
Real Estate OwnedQ3 2021vs Q3 2020$0$1.9MM
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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

0.40%*-$5kYouth Savings Account
OTHER TIERS: 0.10% $5k+
0.37%*$750k*-Mainely Preferred Savings Account
OTHER TIERS: 0.10% Up to $50k | 0.12% $50k - $100k | 0.18% $100k - $250k | 0.28% $250k - $500k | 0.33% $500k - $750k

Saco & Biddeford Savings Institution Checking Account Rates

0.08%--Mainely NOW Account

Saco & Biddeford Savings Institution CD Rates

1.00%$500-84 Month CD
0.90%$500-60 Month CD
0.55%$500-36 Month CD
0.40%$500-30 Month CD
0.32%$500-24 Month CD
0.30%$500-18 Month CD
0.27%$500-12 Month CD
0.20%$500-6 Month CD

Saco & Biddeford Savings Institution IRA Rates

1.00%$500-84 Month IRA
0.90%$500-60 Month IRA
0.55%$500-36 Month IRA
0.40%$500-30 Month IRA
0.32%$500-24 Month IRA
0.30%$500-18 Month IRA
0.27%$500-12 Month IRA
0.20%$500-6 Month IRA

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

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