Featured Savings Rates
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Sanford Institution for Savings

Popular Accounts at this Bank

1.71%5-year CD5 Year CD
0.32%1-year CD1 Year CD
0.02%SavingsBasic Statement Savings

Overview / Commentary
900 Main Street
Sanford, ME 04073

Sanford Institution for Savings is headquartered in Sanford and is the 16th largest bank in the state of Maine. It is also the 1,340th largest bank in the nation. It was established in 1933 and as of June of 2017, it had grown to 115 employees at 9 locations. Sanford Institution for Savings has an A health rating.

Reviews (2)

Review of SIS

SIS is a decent bank. I don't feel that they are any better or worse than any other bank. I had a checking and savings account with them for roughly six years through high school into the middle of my college years, and they were always perfectly satisfactory. I never had a bank teller at any of their branches be particularly rude to me, but then again I never had a scenario such as trying to get overdraft fees removed, etc. I was always completely satisfied with them, and if there was a branch close to me I would probably do business with them again. I ended up switching to a large multinational bank because there was no SIS branch close to me, and I grew tired of having to drive long distances to do banking in person.


Posted by: Anonymous | Jun 16, 2011

Before you bank with SIS, beware. They charge overdraft fees even if you have a positive balance. This is not a bank I would recommend.


Health Grade Components

FDIC Certificate #17115
Year Established1933
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.69%
Return on Equity - YTD6.03%
Annual Interest Income$10.9MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$532.4MM$507.6MM
LoansQ2 2017vs Q2 2016$444.8MM$406.1MM
DepositsQ2 2017vs Q2 2016$405.6MM$392.4MM
Equity CapitalQ2 2017vs Q2 2016$61.6MM$57.7MM
Loan Loss AllowanceQ2 2017vs Q2 2016$4.1MM$3.8MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$1.2MM$1.0MM
Real Estate OwnedQ2 2017vs Q2 2016$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Sanford Institution for Savings Savings Account Rates

0.50%--Best Interest Statement Savings - Relationship Rate
0.10%*$5k*-IRA Savings - Relationship Rate
OTHER TIERS: 0.05% $25 - $5k
0.05%*$2,500*-Best Interest ECO Savings
OTHER TIERS: 0.02% $250 - $1k | 0.03% $1k - $2,500
0.05%*$2,500*-Best Interest Statement Savings
OTHER TIERS: 0.02% $250 - $1k | 0.03% $1k - $2,500
0.04%*$5k*-IRA Savings - Standard Rate
OTHER TIERS: 0.02% $25 - $5k
0.04%*$10k*-Health Savings Account
OTHER TIERS: 0.01% $25 - $2,500 | 0.02% $2,500 - $5k | 0.03% $5k - $10k
0.02%$100-Basic Statement Savings
0.02%--Christmas Club Statement Savings
0.02%--All Purpose Club Statement Savings
0.02%$100-Business Savings

Sanford Institution for Savings Money Market Rates

0.30%*$25k*-Reward Money Market Savings - Relationship Rate
OTHER TIERS: 0.01% $500 - $2,500 | 0.02% $2,500 - $10k | 0.03% $10k - $25k
0.05%*$25k*-Reward Money Market Savings
OTHER TIERS: 0.01% $500 - $2,500 | 0.02% $2,500 - $10k | 0.03% $10k - $25k
0.03%*$10k*-Business Money Market Statement Savings
OTHER TIERS: 0.01% $500 - $2,500 | 0.02% $2,500 - $10k

Sanford Institution for Savings Checking Account Rates

0.05%$2,500-Ultimate ECO Checking
0.05%*$250k*-Business Now
OTHER TIERS: 0.01% $500 - $2,500 | 0.02% $2,500 - $25k | 0.03% $25k - $100k | 0.04% $100k - $250k
0.02%$2,500-Veterans Ultimate Checking
0.02%$2,500-Silver Lining Ultimate Checking

Sanford Institution for Savings CD Rates

1.87%$10k-5 Year Silver Link CD
1.71%$500-5 Year CD
1.12%$10k-4 Year Silver Link CD
1.01%$500-4 Year CD
1.00%$10k-1 Year Silver Link CD
0.85%$10k-3 Year Silver Link CD
0.75%$500-3 Year CD
0.60%$10k-2 Year Silver Link CD
0.55%$500-2 1/2 Year CD
0.55%$10k-1 1/2 Year Bump Silver Link CD
0.50%$500-2 Year CD
0.45%$10k-7 Month No Penalty Silver Link CD
0.40%$500-1 1/2 Year Bump CD
0.32%$500-1 Year CD
0.30%$500-9 Month CD
0.25%$1k-7 Month No Penalty CD
0.20%$500-6 Month CD
0.15%$500-91 Day CD

Sanford Institution for Savings IRA Rates

1.71%$500-5 Year IRA
1.01%$500-4 Year IRA
0.75%$500-3 Year IRA
0.55%$500-2 1/2 Year IRA
0.50%$500-2 Year IRA
0.40%$500-1 1/2 Year IRA
0.32%$500-1 Year IRA
0.30%$500-9 Month IRA
0.20%$500-6 Month IRA
0.15%$500-91 Day IRA

Sanford Institution for Savings Locations
Wells Branch1149 Post RoadWells, ME 04090
Sanford Branch1449 Main StreetSanford, ME 04073
Buxton Branch254 Long Plains RoadBuxton, ME 04093
Limerick Branch32 Central AvenueLimerick, ME 04048
York Branch408 U.S. Route 1York, ME 03909
Springvale Branch484 Main StreetSpringvale, ME 04083
Sanford Institution For Savings900 Main StreetSanford, ME 04073
Waterboro BranchWaterboro CrossingEast Waterboro, ME 04030
Portsmouth Nh Branch501 Islington StreetPortsmouth, NH 03801