Machias Savings Bank
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 0.50% | Reward Checking | Ultimate Green 1.84% - National Average |
| 1.50% | 5-year CD | 60 Month CD 2.40% - Goldman Sachs Bank USA 5 Year CD |
| 0.37% | 1-year CD | 12 Month CD |
Machias Savings Bank is headquartered in Machias and is the 5th largest bank in the state of Maine. It is also the 592nd largest bank in the nation. It was established in 1869 and as of June of 2017, it had grown to 251 employees at 19 locations. Machias Savings Bank has an A+ health rating.
amazing bank
I have a checking account with Machias here in Maine and it is the best bank I have every had. My little branch is great and the staff is so nice every time you go in. no matter what you need they try to help you. When I needed papers notarized it was free and the notary is always there and very friendly. When I first opened the account there was supposed to be a fee but I was so broke I could not afford it. They worked with me and waived it. The online access to the account is also super simple and very reliable. Just all around a great bank to be at.
Best Bank I've Ever Been With
This little bank chain is only available in Maine, and they are amazing. When I opened my checking account, they waved all my fees and really helped me set it all up. I got my bank debit card that day right after I filled out the papers and got a very informative packet. Anytime I am in there and have a question or a problem, they take the time to actually help me. The way transfers are done is faster than I have seen it at other banks. I frequently get money transfers from EU, and with all other banks they take a week, at least. With Machias it's always 3 days, and it never fails. You can always reach them, and they always take time for you. They are absolutely amazing, and I will never go anywhere else.
Still Quality Hometown Banking Here
I was initially ambivalent about this bank when our local branch was sold (again!) to them as part of a banking reorganization, but within weeks, I was very glad we had become part of the Machias Savings family. They maintained the local employees - many of whom were long-time employees; they have outstanding customer service available by phone or in person; they know us and treat us like valued members of their community. I've received excellent help when I have called with questions about our accounts or an issue. At one point, I walked into the branch with questions and a representative sat down with me immediately and spent time going over things very carefully with me. I also have had several contacts because they have quality fraud control, which means they pay close attention to the pattern of purchases and will call if they see anything of note. We have checking, savings, and a safe deposit box with our local branch - they are our go-to for all things financial! I would gladly recommend Machias Savings to friends and family. :)
Data as of Q2 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 19531 |
| Year Established | 1869 |
| Employees | 251 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.91% |
| Return on Equity - YTD | 7.33% |
| Annual Interest Income | $28.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2017vs Q2 2016 | $1.31B$1.20B |
| Loans | Q2 2017vs Q2 2016 | $1.12B$1.03B |
| Deposits | Q2 2017vs Q2 2016 | $1.08B$972.2MM |
| Equity Capital | Q2 2017vs Q2 2016 | $163.1MM$151.2MM |
| Loan Loss Allowance | Q2 2017vs Q2 2016 | $20.5MM$20.9MM |
| Unbacked Noncurrent Loans | Q2 2017vs Q2 2016 | $9.3MM$13.0MM |
| Real Estate Owned | Q2 2017vs Q2 2016 | $670.00K$2.2MM |
Always verify rates and promotions with the bank or credit union. We are not Machias Savings Bank; 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.
Machias Savings Bank Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.37% | $1k | - | Health Savings Account (HSA) - IRA | ||
| 0.27% | - | - | Regular IRA Statement Savings | ||
| 0.25%* | $25k* | - | Personal Ultimate Savings | ||
| OTHER TIERS: 0.15% → Up to $25k | |||||
| 0.25%* | $25k* | - | Exceptional Business Savings | ||
| OTHER TIERS: 0.15% → Up to $25k | |||||
| 0.15% | - | - | Health Savings Account (HSA) - Checking | ||
| 0.15% | - | - | Family Health Savings Account (HSA) - Checking | ||
| 0.10%* | $25k* | - | Personal Statement Savings | ||
| OTHER TIERS: 0.05% → Up to $25k | |||||
| 0.10% | - | - | Kid's Club Statement Savings | ||
| 0.10% | - | - | Your Choice Savings | ||
Machias Savings Bank Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.25%* | $100k* | - | Money Fund | ||
| OTHER TIERS: 0.05% → Up to $2,500 | 0.15% → $2,500 - $25k | 0.20% → $25k - $100k | |||||
| 0.25%* | $100k* | - | Essential Business Fund | ||
| OTHER TIERS: 0.05% → Up to $2,500 | 0.15% → $2,500 - $25k | 0.20% → $25k - $100k | |||||
| 0.25%* | $100k* | - | Essential Municipal Fund | ||
| OTHER TIERS: 0.05% → Up to $2,500 | 0.15% → $2,500 - $25k | 0.20% → $25k - $100k | |||||
Machias Savings Bank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.50%* | - | $10k | Ultimate Green | ||
| OTHER TIERS: 0.05% → $10k+ | |||||
| 0.50%* | - | $10k | MSB at Work | ||
| OTHER TIERS: 0.05% → $10k+ | |||||
| 0.05%* | $25k* | - | Ultimate Relationship | ||
| OTHER TIERS: 0.01% → Up to $10k | 0.03% → $10k - $25k | |||||
Machias Savings Bank CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.50% | $1k | - | 60 Month CD | |
| 0.95% | $1k | - | 48 Month CD | |
| 0.75% | $1k | - | 36 Month CD | |
| 0.75% | $5k | - | Ultimate CD | |
| 0.60% | $1k | - | 24 Month CD | |
| 0.45% | $1k | - | 18 Month CD | |
| 0.37% | $1k | - | 12 Month CD | |
| 0.37% | $250 | - | Starter CD | |
| 0.30% | $1k | - | 6 Month CD | |
| 0.25% | $1k | - | 3 Month CD |
Machias Savings Bank IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.50% | $250 | - | 60 Month IRA | |
| 0.95% | $250 | - | 48 Month IRA | |
| 0.75% | $250 | - | 36 Month IRA | |
| 0.60% | $250 | - | 24 Month IRA | |
| 0.45% | $250 | - | 18 Month IRA | |
| 0.37% | $250 | - | 12 Month IRA | |
| 0.30% | $250 | - | 6 Month IRA | |
| 0.26% | $250 | - | 3 Month IRA |
