Banking Rates & News

Portland Metro Area

Including Portland, Augusta, Brunswick, Lewiston, South Portland, Auburn, Waterville, Scarborough, Saco, Westbrook, and 95 other towns.

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Banking in the Portland Area

Portland is the largest city in Maine and a key city in the northeast. Situated in southern Maine on the Atlantic Ocean about 115 miles from Boston, Portland has Maine's largest port. The wider Portland region encompasses many of the cities and towns in southern Maine, including Augusta, Lewiston, South Portland, Auburn, Brunswick, Waterville, Scarborough, Saco, and Falmouth. Overall, the greater Portland metro area has about half a million people.

Portland is a major banking center, and many large national banks have regional headquarters in the city. Notable banks headquartered in Portland and the surrounding area are TD Bank, N.A., TD Bank USA, N.A., The Camden National Bank, The First, N.A., and Norway Savings Bank. They are among the nearly 30 banks and 40 credit unions that are based in the Portland area. The oldest active bank in the region is Saco & Biddeford Savings Institution, which was established in 1827. Altogether, there are more than 45 banks and 50 credit unions with a total of about 560 branches operating in the greater Portland region.

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Local Deals & News

ableBanking Raises Money Market Savings Account Rate to 1.30% APY
Deal Summary : Money Market Savings Account, 1.30% APY on all balances, $250 minimum opening deposit requirement. Availability: Nationwide (internet bank) ableBanking increased the rate today of its Money Market
Money Market Now At 1.3% APY
Nice jump from previous rate of 1.0% APY.
1-Year CD 1.40% APY
ableBank has a 1-Year CD earning 1.40% APY with a $1,000 minimum deposit. Available nationwide. https://www.ablebanking.com/saving.aspx
Service CU Rate Reduction On 5-Yr CD (2.60% APY no longer listed)
The Service Credit Union's "Our Rates" page no longer lists the 5-year, 2.60% APY special. According to the web page, the APY on a 5-year CD is 2%. https://www.servicecu.org/personal/sideBar/content/SavingsRates.asp?pID=393&MId=450&expr=personal
5-Yr, 2.60% APY CD May Still Be Available
On March 31, Ken posted a piece on a Service Credit Union CD special "available through April 30, 2017." That special is still listed on the credit union's website. According
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