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Saco & Biddeford Savings Institution

Saco & Biddeford Savings Institution


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 12th largest bank in the state of Maine. It is also the 775th largest bank in the nation. It was established in 1827 and as of June of 2024, it had grown to 200 employees at 8 locations. Saco & Biddeford Savings Institution's savings rates are 5X the national average, and it has a B health rating.

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Health
B

Data as of Q2 2024

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #17743
Year Established1827
Employees200
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD-0.03%
Return on Equity - YTD-0.36%
Annual Interest Income$29.6MM
Assets and Liabilities
AssetsQ2 2024vs Q2 2023$1.4B$1.33B
LoansQ2 2024vs Q2 2023$1.11B$1.03B
DepositsQ2 2024vs Q2 2023$980.6MM$950.6MM
Equity CapitalQ2 2024vs Q2 2023$121.6MM$121.2MM
Loan Loss AllowanceQ2 2024vs Q2 2023$4.7MM$4.7MM
Unbacked Noncurrent LoansQ2 2024vs Q2 2023$4MM$4.4MM
Real Estate OwnedQ2 2024vs Q2 2023$0$0
Rates
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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
2.65%*$750k*-Mainely Preferred Savings Account
OTHER TIERS: 0.30% → $0 - $25k | 0.60% → $25k - $50k | 0.80% → $50k - $100k | 1.25% → $100k - $250k | 1.60% → $250k - $500k | 2.40% → $500k - $750k
1.46%*$0$5kYouth Savings Account
OTHER TIERS: 0.45% → $5k+

Saco & Biddeford Savings Institution Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%*$2.5k*-Mainely SUPER NOW Account
OTHER TIERS: 0.15% → $0 - $2.5k
0.20%$0-Mainely NOW Account

Saco & Biddeford Savings Institution CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.25%$500-10 Month CD Special
4.00%$500-22 Month CD Special
3.04%$500-24 Month CD
3.04%$500-30 Month CD
3.04%$500-36 Month CD
3.04%$500-60 Month CD
3.04%$500-84 Month CD
3.04%$500-48 Month CD
3.04%$500-42 Month CD
2.43%$500-18 Month CD
2.22%$500-12 Month CD
1.61%$500-6 Month CD

Saco & Biddeford Savings Institution IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.04%$500-24 Month IRA
3.04%$500-30 Month IRA
3.04%$500-36 Month IRA
3.04%$500-60 Month IRA
3.04%$500-84 Month IRA
3.04%$500-48 Month IRA
3.04%$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 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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