Business Savings
The best bank account for business helps your money grow.
Mainely Preferred Business Savings
Earn more with it as your balance grows in this tiered interest account. Saco & Biddeford Savings offers a tiered account for every need, from small business to large enterprises.
1No charge by Bank. Additional vendor charges apply.
HSA Accounts
Growing your business takes hard work and a dedicated team, and we understand the need to balance rising health care costs. Our Health Savings Account is an affordable approach to health care for many employers and their employees.
NOTE: We strongly recommend seeking the counsel of an attorney and/or other qualified tax advisor on the specific legal and tax consequences of any health savings plan for your particular needs.
Certificates of Deposit (CDs)
Start growing your money today with a CD! We offer many options with your pick of rates and terms.
Rates Maturity | Interest Rate | APY* |
---|---|---|
6 Month CD | 1.60% | 1.61% |
7 Month CD Special | 3.93% | 4.00% |
12 Month CD | 2.20% | 2.22% |
18 Month CD | 2.40% | 2.43% |
22 Month CD Special | 3.69% | 3.75% |
24 Month CD | 3.00% | 3.04% |
30 Month CD | 3.00% | 3.04% |
36 Month CD | 3.00% | 3.04% |
42 Month CD | 3.00% | 3.04% |
48 Month CD | 3.00% | 3.04% |
60 Month CD | 3.00% | 3.04% |
84 Month CD | 3.00% | 3.04% |
Interest rates are subject to change without notice. Substantial penalty for early withdrawal. $500 minimum balance to open the account. Fees may reduce earnings.
*Annual Percentage Yield.
CDARS®
If you're looking for a way to keep large deposits safe, CDARS® allocates your investment across multiple financial institutions to ensure full FDIC coverage2. Conveniently secure funds in your choice of Demand Deposit Accounts, Money Market Deposit Accounts or CDs.
CDARS®, which stands for Certificate of Deposit Account Registry Service, is a registered service mark of IntraFi Network, LLC.
2Funds may be submitted for placement only after a depositor enters into the CDARS® Deposit Placement Agreement with Saco & Biddeford Savings. The agreement contains important information and conditions regarding the placement of funds by us.
Calculators
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