| Available to customers enrolled in Online Banking & accepting Electronic Statements and Communications. This account offers one variable interest rate. There are monthly limitations on the number of some types of transfers. You receive one free money order or treasurer’s check per day with your withdrawal.
No Monthly Fee
|
Available to customers enrolled in Online Banking & accepting Electronic Statements and Communications. This account has four interest rate tiers. There is a $ .50 fee per withdrawal (assessed automatically at month end).
No Monthly Fee
| $0 - $1,500 |
Variable |
| 1,501 – 5,000 |
Variable |
| 5,001 – 20,000 |
Variable |
| 20,000 – Over |
Variable |
Tiering on Savings Accounts: 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. |
With a Savings Bank of Maine Repurchase Agreement, your excess cash works for you. Excess funds are placed overnight in a Repurchase Agreement* at competitive interest rates.
*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. |
Savings Bank of Maine’s Certificates of Deposit offer rates that vary based on the term of the CD and the balance of the CD. The higher the balance and the longer the term, the higher the interest rate. Consider our bank for Certificates of Deposit. Check with our staff for details. |
