The Flow of Funds
Enroll in Direct Deposit for automatic, instant access to your money on payday. Already have an account? We can help you link it today! Valid form of ID and SSN required to enroll.
NOTE FOR MINORS: Those under 18 cannot enroll online and must visit one of our branch locations to set up an account.
Mobile Banking
We are proud to offer a single mobile banking app that provides you with access to both your personal accounts and your business accounts.
Put our free1 Mobile Banking App on your phone and keep your finances right where you want them – in the palm of your hand. Pay bills, check balances, deposit checks and more.
- All of the same features available in Online Banking (except Quicken integration)
- Mobile Check Deposit
For questions about Mobile Banking, please call our Customer Care Department at 207-284-4591 or toll-free at 1-877-722-6243, email us at sbsionline@sbsavings.com or stop into your local branch.
1The Bank does not charge a fee for this service. Please check with your wireless carrier about message and data rates that may apply. You must be enrolled in Online Banking to sign up for Mobile Banking.
Essential Checking
An everyday banking option with no monthly service charges.
- No Monthly Service Charge
- Free4 Greenlight App – A smart debit card for kids with parental controls, savings tools and chore tracking
- Surcharge-free access to thousands of ATMs with the MoneyPass® network.
- No minimum balance required
- Free Community Debit Card – For each swipe you make6, we’ll donate to one of our local schools to help children in need.
- Free Online Bill Pay, Online Banking and Mobile Banking
- Two (2) free overdraft waivers per year
4 Saco & Biddeford Savings Institution customers are eligible for the Greenlight SELECT plan at no cost when they connect their Saco & Biddeford Savings Institution account as the Greenlight funding source for the entirety of the promotion. Subject to minimum balance requirements and identity verification. Upgrades will result in additional fees. Upon termination of promotion, customers will be responsible for associated monthly fees. See terms for details. Offer ends 11/14/2026. Offer subject to change and partner participation.
6 ATM transactions not included.
Essential Money Market
Essential Money Market is our tiered-interest savings account with no monthly fees.
- Tiered interest rates
- ATM/debit access with Checking Account as primary account1
- Free Direct Deposit and Automatic Withdrawals
- Free Online Banking
- No minimum balance
- No monthly service fee
- Free Mobile Banking and Mobile Check Deposit
- Free eStatements
- Free Telebanker
- Greenlight2
As of April 8, 2026
| Balance | Interest Rate | APY* |
|---|---|---|
| $0 - $24,999.99 | 0.10% | 0.10% |
| $25,000 - $49,999.99 | 0.25% | 0.25% |
| $50,000 - $99,999.99 | 0.45% | 0.45% |
| $100,000 - $249,999.99 | 0.90% | 0.90% |
| $250,000 - $499,999.99 | 1.20% | 1.21% |
| $500,000 - $749,999.99 | 1.83% | 1.85% |
| $750,000 or more | 2.08% | 2.10% |
Fees may reduce earnings on this account. Rates are subject to change after account opening.
*Annual Percentage Yield.
1You may incur a charge if you use your card at a non-SBSI ATM.
2Saco & Biddeford Savings Institution customers are eligible for the Greenlight SELECT plan at no cost when they connect their Saco & Biddeford Savings Institution account as the Greenlight funding source for the entirety of the promotion. Subject to minimum balance requirements and identity verification. Upgrades will result in additional fees. Upon termination of promotion, customers will be responsible for associated monthly fees. See terms for details. Offer ends 11/14/2026. Offer subject to change and partner participation.
Meet your SBSI banking team
Banking Options