Saco & Biddeford Savings Institution Reviews and Rates

Saco & Biddeford Savings Institution

TODAY'S FEATURED RATES

Member FDIC

3.80%

Our Rating

4.2 / 5

American Express®

High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

4.50%

Our Rating

3.5 / 5

Jenius Bank

Jenius Savings Account

See Offer

Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.

Member FDIC

4.46%

Our Rating

4.0 / 5

Vio Bank

Cornerstone Money Market

See Offer

Sponsored Note: Interest is compounded daily, growing your money fast

Member FDIC

4.55%

Our Rating

4.2 / 5

BrioDirect

High-Yield Savings

See Offer

Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC

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 12^th largest bank in the state of Maine. It is also the 778^th largest bank in the nation. It was established in 1827 and as of September of 2024, it had grown to 203 employees at 7 locations. Saco & Biddeford Savings Institution's savings rates are 4X the national average, and it has a B+ health rating.

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Health

B+

Data as of Q3 2024

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	17743
Year Established	1827
Employees	203
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.06%
Return on Equity - YTD	0.67%
Annual Interest Income	$45.3MM

Assets and Liabilities
Assets	Q3 2024vs Q3 2023	$1.43B$1.34B
Loans	Q3 2024vs Q3 2023	$1.13B$1.05B
Deposits	Q3 2024vs Q3 2023	$1.01B$962.5MM
Equity Capital	Q3 2024vs Q3 2023	$126.3MM$114MM
Loan Loss Allowance	Q3 2024vs Q3 2023	$4.8MM$4.7MM
Unbacked Noncurrent Loans	Q3 2024vs Q3 2023	$1.6MM$4.9MM
Real Estate Owned	Q3 2024vs Q3 2023	$0$0

TODAY'S FEATURED RATES

Member FDIC

3.80%

Our Rating

4.2 / 5

American Express®

High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

4.50%

Our Rating

3.5 / 5

Jenius Bank

Jenius Savings Account

See Offer

Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.

Member FDIC

4.46%

Our Rating

4.0 / 5

Vio Bank

Cornerstone Money Market

See Offer

Sponsored Note: Interest is compounded daily, growing your money fast

Member FDIC

4.55%

Our Rating

4.2 / 5

BrioDirect

High-Yield Savings

See Offer

Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC

Rates

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Savings
Checking
CD
IRA

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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
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	$5k	Youth Savings Account
OTHER TIERS: 0.40% → $5k+

Saco & Biddeford Savings Institution Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.30%^*	$2.5k^*	-	Mainely SUPER NOW Account
OTHER TIERS: 0.10% → $0 - $2.5k
0.15%	$0	-	Mainely NOW Account

Saco & Biddeford Savings Institution CD Rates

APY	MIN	MAX	ACCOUNT NAME
4.25%	$500	-	7 Month CD Special - New Money
4.25%	$500	-	Business 7 Month CD Special - New Money
4.00%	$500	-	30 Month CD
4.00%	$500	-	8 Month CD
4.00%	$500	-	Business 8 Month CD
4.00%	$500	-	Business 30 Month CD
3.00%	$500	-	24 Month CD
3.00%	$500	-	36 Month CD
3.00%	$500	-	60 Month CD
3.00%	$500	-	84 Month CD
3.00%	$500	-	48 Month CD
3.00%	$500	-	42 Month CD
3.00%	$500	-	Business 24 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 60 Month CD
3.00%	$500	-	Business 84 Month CD
2.43%	$500	-	18 Month CD
2.43%	$500	-	Business 18 Month CD
2.22%	$500	-	12 Month CD
2.22%	$500	-	Business 12 Month CD
1.61%	$500	-	6 Month CD
1.61%	$500	-	Business 6 Month CD

Saco & Biddeford Savings Institution IRA Rates

APY	MIN	MAX	ACCOUNT NAME
4.25%	$500	-	7 Month IRA Special - New Money
4.00%	$500	-	30 Month IRA
4.00%	$500	-	8 Month IRA
3.00%	$500	-	24 Month IRA
3.00%	$500	-	36 Month IRA
3.00%	$500	-	60 Month IRA
3.00%	$500	-	84 Month IRA
3.00%	$500	-	48 Month IRA
3.00%	$500	-	42 Month IRA
2.43%	$500	-	18 Month IRA
2.22%	$500	-	12 Month IRA
1.61%	$500	-	6 Month IRA

Locations

Saco & Biddeford Savings Institution Locations
Old Orchard Beach Branch	2 Portland Avenue	Old Orchard Beach, ME 04064
Saco & Biddeford Savings Institution	252 Main St	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

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