FDIC-Insured - Backed by the full faith and credit of the U.S. Government
FDIC-Insured - Backed by the full faith and credit of the U.S. Government
Mutual High Yield Savings
Earn 3.00% APY* with no large minimum balance required.
*Annual Percentage Yield
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.
| 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.
Compare Accounts
| Essential Money Market | Mutual High Yield Savings | High Balance Savings | |
|---|---|---|---|
| The right fit if you want… | A tiered-interest savings account with no monthly fees. | A savings account for long-term financial goals | A 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.
| 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.
High Balance Savings
This is a great option for those looking to take advantage of the rates offered at a higher balance level.
| Balance | Interest | APY* |
|---|---|---|
| $0 - $999,999.99 | 0.10% | 0.10% |
| $1,000,000 - $1,499,999.99 | 2.42% | 2.45% |
| $1,500,000 - $2,999,999.99 | 2.95% | 2.99% |
| $3,000,000 - $4,999,999.99 | 3.15% | 3.20% |
| $5,000,000 - $9,999,999.99 | 3.25% | 3.30% |
| $10,000,000 or more | 3.25% | 3.30% |
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.
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