Saco & Biddeford Savings Institution
Saco & Biddeford Savings Institution is headquartered in Saco and is the 12th largest bank in the state of Maine. It is also the 780th largest bank in the nation. It was established in 1827 and as of March of 2019, it had grown to 197 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 Q1 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 17743 |
| Year Established | 1827 |
| Employees | 197 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.93% |
| Return on Equity - YTD | 8.24% |
| Annual Interest Income | $10.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2019vs Q1 2018 | $1.01B$966.9MM |
| Loans | Q1 2019vs Q1 2018 | $822.2MM$780.4MM |
| Deposits | Q1 2019vs Q1 2018 | $679.4MM$631.4MM |
| Equity Capital | Q1 2019vs Q1 2018 | $114.1MM$106.0MM |
| Loan Loss Allowance | Q1 2019vs Q1 2018 | $4.5MM$4.5MM |
| Unbacked Noncurrent Loans | Q1 2019vs Q1 2018 | $6.6MM$6.6MM |
| Real Estate Owned | Q1 2019vs Q1 2018 | $0$0 |
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
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 |
|---|---|---|---|---|
| 2.27% | $500 | - | 30 Month CD | |
| 2.17% | $500 | - | 36 Month CD | |
| 2.17% | $500 | - | 60 Month CD | |
| 2.02% | $500 | - | 12 Month CD | |
| 2.02% | $500 | - | 18 Month CD | |
| 2.02% | $500 | - | 24 Month CD | |
| 1.06% | $500 | - | 6 Month CD |
Saco & Biddeford Savings Institution IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.27% | $500 | - | 30 Month IRA | |
| 2.17% | $500 | - | 36 Month IRA | |
| 2.17% | $500 | - | 60 Month IRA | |
| 2.02% | $500 | - | 12 Month IRA | |
| 2.02% | $500 | - | 18 Month IRA | |
| 2.02% | $500 | - | 24 Month IRA | |
| 1.06% | $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 |