We are proud to offer a Youth Savings Program for children in our communities. We began offering this account in 1922 to encourage young people to save on a regular basis. It's a great way to teach children the importance of saving for a rainy day.
"It's a big part of what we're here for and a great way to encourage kids to start saving," says Bob Quentin, Bank President & CEO.
Look below to learn more about the features of our Youth Savings Account, view our rates, or contact your local branch to get started!
Looking for a hands-on way to teach your child about the value of saving? This account is a great place to start. Encourage your child to make routine deposits and they will be presented with opportunities to learn banking basics.
1Subject to an “eligible adult” as joint owner with a minor child.
Effective Date: Saturday, March 25, 2023
| Balances | Interest Rate | APY* |
|---|---|---|
| $0 to $5,000.99 | 1.00% | 1.00% |
| $5,001.00 or more | 0.45% | 0.45% to 1.00%** |
Fees may reduce earnings on these savings accounts.
These rates are subject to change after account opening.
*Annual Percentage Yield.
**The annual percentage yield for this tier will range from 0.45% to 1.00% depending on the balance in the account.
Hi there! My name is Nickles, the Saco & Biddeford Savings mascot. I’m a Saint Bernard who loves helping people, my community and my bank! You might find me at one of the fun bank events throughout the year. I hope to see you soon!
Interested in exploring the bank? We offer tours for area students! You will see the intricate vault door, the tube that carries transactions from cars to the drive-up teller, and meet some of the people that make it all happen! For more information on school tours, have a teacher or parent contact your local branch manager.
