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. To learn more Click Here.
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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.

  • Tiered interest rates
  • ATM/Debit access with a Checking Account as the primary account
  • Free direct deposit and automatic withdrawals
  • Free Online Bill Pay and Business Online Banking
  • Free Mobile Banking and Mobile Check Deposit
  • Free eStatements
  • Free Telebanker
  • No maintenance fee
  • $0 - $24,999.99
  • $25,000 - $49,999.99
  • $50,000 - $99,999.99
  • $100,000 - $249,999.99
  • $250,000 - $499,999.99
  • $500,000 - $749,999.99
  • $750,000 +
How to OpenContact Us

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. 

  • Multiple tax benefits
  • Covers a wide range of qualified medical expenses
  • Reduces out-of-pocket high-deductible health plan costs
  • Earns interest with zero tax burden
  • Flexibility to pay current medical expenses or save for future needs
  • Tax-deductible contributions, FDIC-insured
  • Tax-deferred earnings
  • Tax-free distributions, if qualified
  • Lifetime account with no spending deadlines
  • Great recruitment and retention tool
  • No maintenance fee

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.

Compare Accounts

Mainely Preferred Business SavingsHealth Savings Account
The right fit if you want…A higher rate and dividends for higher balancesA smart way to manage rising health care costs
Minimum Balance RequirementNoneNone
Monthly Service ChargesNoneNone
Free ATM Withdrawals1checkedchecked
Free Online Business Bankingcheckedchecked
Free Mobile Banking and Mobile Check Depositcheckedchecked
Free eStatementscheckedchecked
Other BenefitsTiered interest rates, monthly dividendsLifetime account with no spending deadlines
1No charge by Bank. Additional vendor charges apply.

Calculators

Meet your SBSI Business Banking Team

Find more of what you’re looking for.

Business Checking

Low minimums. Free Mobile Banking. Special features for non-profits. Enjoy perks like these and more.
Learn More about business checking

Online Bill Pay

Got enough to keep track of without worrying about due dates for monthly bills? Get free Online Bill Pay.
Learn More about online bill pay

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