Top High Interest Savings Account Maine Options

If you're a Maine resident looking for a high interest savings account, you're in luck. There are several options available that can help your money grow over time.

One option is the Ally Bank Online Savings Account, which offers a competitive interest rate of 2.20% APY. This rate is significantly higher than what you'd find at a traditional brick-and-mortar bank.

Another option is the Discover Online Savings Account, which also offers a 2.10% APY. Both of these accounts are online-only, which means you can access your money from anywhere and avoid the hassle of visiting a physical bank.

Maine residents can also consider the Capital One 360 Savings Account, which offers a 2.05% APY. This account comes with no monthly maintenance fees and allows you to access your money online or through the Capital One app.

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In Maine, you can find savings accounts with interest rates as high as 4%. This is a significant difference from the lowest interest rates, which are a mere 0.01% APY.

Two savings accounts in Maine are tied for the highest APY at 4%. This is a notable achievement, especially when compared to the lowest rates on the list.

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Saco & Biddeford Savings offers a competitive savings account option for Mainers. Their Mainely Preferred Savings account has a maximum APY of 2.65%.

One of the perks of this account is that it has no minimum balance requirements or monthly fees to avoid. This means you can open and maintain the account with no extra costs.

To get that top APY, you'll need a significant balance of at least $750,000. This is a substantial requirement, but it's worth noting that even the base APY of 0.30% is better than what many big banks offer.

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If you're looking for a savings account in Maine, you'll want to consider the top options. Aroostook Savings & Loan, a small bank in Caribou, offers a solid choice with its Passbook Savings account. The minimum opening deposit is only $5.

The account has no minimum balance requirements and no monthly service fees. The yield on this account is 0.20% APY.

There are also savings accounts in Maine that offer higher interest rates. Two savings accounts are tied for the highest APY, at 4%.

Here are the 5 best savings accounts in Maine:

Note: The lowest interest rates are 0.01% APY.

High Interest Savings Accounts in Maine offer higher interest rates compared to traditional savings accounts. Some accounts can earn up to 2.50% APY, making them a great option for those who want to grow their savings over time.

In Maine, you can find high interest savings accounts with no minimum balance requirements, allowing you to start saving without any initial deposits. This flexibility makes it easier to get started and make the most of your money.

Maine residents can also take advantage of online banks that offer high interest savings accounts with mobile banking apps, making it easy to manage your account on the go.

The Camden National Bank is a large bank with over $4.6 billion in customer deposits, making it a solid option for those looking to save.

Headquartered in Camden, Maine, the bank has one office outside of the state, but still maintains a strong presence in the state.

To open a High-Yield Savings account, you'll need to deposit at least $2,500. This minimum balance requirement is on the higher side, but it's worth it for the 4% APY you'll earn.

If you can maintain a balance of $250,000 or more, you'll earn an even higher rate of 4.5% APY.

The cost to open the account is a low $25, making it an affordable option for those looking to start saving.

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Aroostook Savings is a small Maine bank that's definitely worth considering for your savings needs. They have around $165.39 million in customer deposits.

Their Passbook Savings account is a solid choice, with a minimum opening deposit of just $5. You won't have to worry about a minimum balance requirement or monthly service fees.

The yield on this account is 0.20% APY, which is a decent rate, especially considering it's a small bank. However, keep in mind that there are other options available with higher rates.