Compare Accounts
Essential Money Market | Mutual High Yield Savings | High Balance Savings | |
---|---|---|---|
The right fit if you want a… | A tiered-interest savings account with no monthly fees. | A savings account for long-term financial goals | Savings account with tiered interest |
Minimum Balance Requirement | |||
Monthly Service Charges | |||
Free ATM Withdrawals1 | |||
Free Online Banking | |||
Free Mobile Banking | |||
Mobile Check Deposit | |||
Free eStatements | |||
Other Benefits | No Monthly Fee | Tiered interest rates | Tiered interest rates |
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
Balance | Interest Rate | APY* |
---|---|---|
$0 - $24,999.99 | 0.10% | 0.10% |
$25,000 - $49,999.99 | 0.35% | 0.35% |
$50,000 - $99,999.99 | 0.55% | 0.55% |
$100,000 - $249,999.99 | 1.00% | 1.00% |
$250,000 - $499,999.99 | 1.30% | 1.31% |
$500,000 - $749,999.99 | 1.98% | 2.00% |
$750,000 or more | 2.23% | 2.25% |
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.
Mutual High Yield Savings
With your linked Mutual Checking, you will have access to our Mutual High Yield Savings account. This is a great option to build up your nest egg, setting aside money for future needs, big purchases, or long-term financial goals. No large starting balance required.
- Premium interest rates
- ATM/debit access with Checking Account as primary account1
- Free Direct Deposit and Automatic Withdrawals
- Free Online Banking
- Free Mobile Banking and Mobile Check Deposit
- Free eStatements
- Free Telebanker
- Greenlight2
- $2.00 monthly service charge (waived if $100.00 minimum balance is kept)
- Active Mutual Checking or Mutual Interest Checking Account Required3
- 1 Mutual High Yield Savings account allowed per primary customer
Balance | Interest Rate | APY* |
---|---|---|
$0 - $99,999.99 | 1.98% | 2.00% |
$100,000.00 or more** | 0.10% | 0.10% |
Fees may reduce earnings on this account. Rates are subject to change after account opening. An active Mutual Checking or Mutual Interest Checking accounts is required. The Mutual High Yield Savings will be converted to an Essential Money Market if the corresponding checking account is closed. Only one (1) Mutual High Yield Savings allowed per primary customer.
*Annual Percentage Yield.
**Annual Percentage Yield for this tier will range from 0.10% to 2.00% depending on the balance in the account.
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.
3An active Mutual Checking or Mutual Interest Checking account is required. The Mutual High Yield Savings will be converted to an Essential Money Market if the corresponding checking account is closed.
High Balance Savings
This is a great option for those looking to take advantage of the rates offered at a higher balance level.
- Tiered interest rates
- ATM/debit access with Checking Account as primary account1
- Free Direct Deposit and Automatic Withdrawals
- Free Online Banking
- Free Mobile Banking and Mobile Check Deposit
- Free eStatements
- Free Telebanker
- Greenlight2
- $2.00 monthly service charge (waived if $100.00 minimum balance is kept)
Balance | Interest | APY* |
---|---|---|
$0 - $999,999.99 | 0.10% | 0.10% |
$1,000,000 - $1,499,999.99 | 2.65% | 2.68% |
$1,500,000 - $2,999,999.99 | 3.30% | 3.35% |
$3,000,000 - $4,999,999.99 | 3.55% | 3.61% |
$5,000,000 - $9,999,999.99 | 3.65% | 3.71% |
$10,000,000 or more | 3.55% | 3.61% |
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.
Kids Savings
Looking for a hands-on way to teach your child about the value of saving? Our Savings Account for kids is a great place to start.
- Free Online Banking
- Free Mobile Banking and Mobile Check Deposit
- Free eStatements
- Two-tiered interest rates
- Must be 15 years or younger to open account
Balance | Interest Rate | APY * |
---|---|---|
$0 to $5,000.99 | 1.30% | 1.31% |
$5,001.00 or more** | 0.40% | 0.40% |
Fees may reduce earnings on these savings accounts. Rates are subject to change after account opening.
*Annual Percentage Yield.
**Annual percentage yield for this tier will range from 0.40% to 1.31% depending on the balance in the account.
Greenlight
With a debit card of their own, kids and teens learn to earn, save, and spend wisely — while you check in by app, send money instantly, set flexible controls, and get real-time notifications.

Holiday Club
Save for end-of-year holiday expenses, such as gifts and travel, by making small, regular deposits throughout the year with a holiday club savings account.
- Free Online Banking
- Free Mobile Banking and Mobile Check Deposit
- Free eStatements
- No minimum balance required
- Interest is credit to the account at the club maturity date of October 6th. If the account is closed before the interest is credited, the account will not receive the accrued interest.
3Funds 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.
IntraFi is a registered service mark of IntraFi Network, LLC.
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