• Available to customers enrolled in Online Banking & accepting Electronic Statements and Communications.
• Designed for all businesses other than corporations and LLC’s.
• No minimum to open.
• No monthly maintenance fee.
• $.08 fee per debit. (over 10)
• $.10 fee per deposited item. (over 10)
• Interest paid on a variable-tiered rate on the average daily collected balance according to the following schedule:

All interest rates are variable and each rate applies to the dollars in that tier. If your account is over $20,000, you could be receiving 4 different rates at the same time.

• Available to customers enrolled in Online Banking & accepting Electronic Statements and Communications.
• Designed for corporations and LLC’s.
• No minimum to open.
• $5 monthly maintenance fee.
• $.08 fee per debit. (over 10)
• $.10 fee per deposited item. (over 10)
• Earnings credit paid on a variable rate on the average daily collected balance. No interest is paid and the earnings credit may only be used to reduce fees to 0.
• We also offer Overnight Sweep Repurchase Agreements* whereby Savings Bank of Maine will invest all excess funds over the average daily collected balance. All of these funds will be collateralized through Repurchase Agreements.

*Repurchase Agreements are not deposits and therefore are not federally insured by the U.S. Government, the FDIC, the Federal Reserve Board, or any other Government Agency. Savings Bank of Maine does secure funds placed into Repurchase Agreements with the Bank’s own securities portfolio which is segregated (externally and internally) specifically for Repurchase Agreement customers.