Notice: Due to renovations at our Saco Main Street branch, our customer parking lot and the buildings' rear and side entrances will be closed daily from 6:00 a.m. to 12:00 p.m. Starting September 18th, the Drive-thru will be closed, and is scheduled to reopen on Friday, September 22nd. To learn more Click Here.

Youth Savings

Teaching kids the importance of financial independence.

A hit with local kids since 1922.

As your Bank, we’re here to help our community grow. We take pride in encouraging financial literacy in children and empowering them to save money. Our Youth Savings Account is an easy, secure way for children to develop good banking habits and tuck away everything from birthday checks to dog walking wages – every penny counts!

  • Free Online Banking1 
  • Free Mobile Banking and Mobile Check Deposit1
  • Free eStatements
  • Two-tiered interest rates
  • No minimum balance required
  • No maintenance fee
  • Must be 15 years or younger to open account

Say hello to Nickles, the Saco & Biddeford Savings mascot. He’s not just a cuddly Saint Bernard. He’s a barrel full of financial literacy fun!

As of September 23, 2023
Balances**Interest RateAPY *
$0 to $5,000.991.50%1.51%
$5,001.00 or more0.50%0.50%

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 0.50% to 1.51% depending on the balance in the account.

1Subject to an “eligible adult” as joint owner with a minor child.


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