Maine Savings Rates - October 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Maine savings account rates range from 0.25% to 4.00% APY, verified by MonitorBankRates as of October 13, 2026. The best savings rates for Maine include Atlantic Regional Federal Credit UnionAtlantic Regional Federal Credit Union55 Cushing ST, Brunswick, ME 04011A+5.0 ★Texas Ratio: 3.78%Real return: +1.20%APY minus 2.8% CPI (February 2026) Business Savings at 4.00% APY, Lighthouse Credit UnionLighthouse Credit UnionPortsmouth Naval Shipyard, Kittery, ME 03904A+5.0 ★Texas Ratio: 3.05%Real return: +1.05%APY minus 2.8% CPI (February 2026) Lighthouse Premium Savings at 3.85% APY, Saco & Biddeford SavingsSaco & Biddeford Savings252 Main St, Saco, ME 04072A+5.0 ★Texas Ratio: 1.18%Real return: +0.75%APY minus 2.8% CPI (February 2026) High Balance Savings at 3.55% APY, Northeast Bank Portland, MENortheast Bank Portland, ME27 Pearl St, Portland, ME 04101A+5.0 ★Texas Ratio: 5.03%Real return: +0.70%APY minus 2.8% CPI (February 2026) Growth Savings at 3.50% APY, and Empeople Credit UnionEmpeople Credit Union145 Main St, Biddeford, ME 04005A+5.0 ★Texas Ratio: 5.75%Real return: +0.45%APY minus 2.8% CPI (February 2026) High Yield Savings at 3.25% APY.
Use the tables below to compare savings rates across Maine side-by-side. Maine savings rates currently reach as high as 4.00% APY from Atlantic Regional Federal Credit Union at 55 Cushing ST, Brunswick, ME 04011. Rates are continually updated, so we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in Maine and the surrounding area. Last Updated and Verified: October 13, 2026
Compare the Best Savings Rates in Maine
Balance: $250,000 - $499,999
Promotional rate and APY on new accounts opened and funded with qualifying new money deposits. APY is accurate as of the last dividend declaration date. Lighthouse Premium Savings is a tiered-rate account; however, the promotional dividend rate and APY currently apply to all balance tiers. Dividend rates and APYs are variable and may change at any time after account opening, including by balance tier. Dividend rates and APYs may vary based on account balance. Existing Lighthouse Premium Savings account holders must open a new Lighthouse Premium Savings account with qualifying new money to participate. "New money" means funds originating from a source outside Lighthouse Credit Union ("Lighthouse") that were received by Lighthouse within the 30 days immediately preceding their deposit into the Premium Savings Account. Funds may qualify as new money regardless of the Lighthouse deposit account in which they were initially deposited, provided the funds were received by Lighthouse from an external source within that 30-day period. Deposits or transfers from another Lighthouse account, deposit product, loan, or credit card do not qualify as new money unless the funds were originally deposited to Lighthouse from an external source within that 30-day period. Dividends, fee rebates, fee refunds, and fee waivers credited by Lighthouse do not qualify as new money. Additional new money deposits may be made to the Lighthouse Premium Savings account through March 31, 2027. Beginning April 1, 2027, deposits may continue to be made to the Lighthouse Premium Savings account without restriction as to the source of funds, including both new money and funds already held at Lighthouse. There is no minimum opening deposit or minimum balance required to earn the stated APY, and there is no maximum balance limit. Fees may reduce earnings. This offer may be withdrawn or modified at any time. Membership eligibility is required. Must be or become a member of Lighthouse by maintaining at least $5 in a Lighthouse Savings account. See account disclosures and Schedule of Fees for additional terms and conditions. Deposited funds are subject to our standard funds availability policy. See your Ability to Withdraw Funds disclosure for details. Mobile check deposit is only available to members over 16 years old. Deposits are subject to our discretion. Standard Funds Availability policy applies. Please see the Mobile Deposit Disclosure and Agreement for details. Donation made by Lighthouse Federal Credit Union to the Lighthouse Foundation based on the average balance held in the Lighthouse Premium Savings account. Donation is not made on behalf of the member and will not result in any tax implications for the member.
Balance: $5,000,000 - $9,999,999.99
- Oct 3, 20263.55%▲ from 3.30%
- Sep 24, 20263.30%first recorded
Balance: $250,000.00 and over
Balance: $3,000,000 - $4,999,999.99
- Oct 3, 20263.40%▲ from 3.20%
- Sep 24, 20263.20%first recorded
Balance: $5,000+; Qualifications Required: 21+ debit or credit card transactions per month and a minimum of $1,500 in direct deposit(s) and/or mobile deposit into a qualifying account within the last 31 days; Required: 21+ debit or credit card transactions per month and a minimum of $1,500 in direct deposit(s) and/or mobile deposit into a qualifying account within the last 31 days. APY=Annual Percentage Yield. Rates may change after account is opened. Rate is accurate as of last dividend declaration date. Fees may reduce earnings on the account. Transaction count is NOT a combination of debit and credit card transactions. Debit Card transactions must be posted to the account within the last 31 days and be posted to the account by the end of business day of the last day of the month for it to be considered a qualifying transaction. Credit Card transactions must be posted between the 27th of the previous month and the 26th of the current month to be considered a qualifying tran
- Oct 10, 20263.25%▲ from 0.30%
- Sep 14, 20260.30%first recorded
Balance: $1,500,000 - $2,999,999.99
- Oct 3, 20263.20%▲ from 2.99%
- Sep 24, 20262.99%first recorded
Balance: $250,000+
Balance: $250,000+
Balances up to $2,500; Balance: $25
Balance: $0.01 to $249,999.99
Balance: $250,000+
Balance: $0 - $99,999.99
Balance: $250,000 - $499,999.99
- Oct 4, 20262.90%▲ from 2.75%
- Sep 25, 20262.75%first recorded
Balance: $100,000.01 & Over; Dividends compounded daily and paid monthly; rate shown in table column labeled APR
Balance: $75,000.01 and over; Dividend rate is paid based on the aggregate balance method
- Oct 9, 20262.78%▲ from 2.63%
- Sep 14, 20262.63%first recorded
Balance: $75,000.01+; Dividend rate is paid based on the aggregate balance method
- Oct 9, 20262.78%▲ from 2.63%
- Sep 14, 20262.63%first recorded
Balance: $0.01 and Above
Balance: $1,000,000 - $1,499,999.99
- Oct 3, 20262.70%▲ from 2.45%
- Sep 24, 20262.45%first recorded
Balance: $2,500-$249,999
Balance: $50,000 - $249,999
Balance: $250,000.01 and over; Tiered blended-rate account; Minimum average daily balance of $2,000.00 during dividend period
Balance: $20,00.01- - $75,000; Dividend rate is paid based on the aggregate balance method
- Oct 9, 20262.53%▲ from 2.43%
- Sep 21, 20262.43%first recorded
Balance: $20,00.01- - $75,000; Dividend rate is paid based on the aggregate balance method
- Oct 13, 20262.53%▲ from 2.43%
- Oct 5, 20262.43%first recorded
Balance: $100,000.00 and over; No annual fee. Dividends paid monthly on the average daily balance. Dividend rates may change after the account is opened.
Balance: $100,000.00 to $249,999.99
Balance: $100,000 - $249,999
Balance: $0 - $249,999.99
Balance: $25 - $20,000; Dividend rate is paid based on the aggregate balance method
- Oct 9, 20262.27%▲ from 2.22%
- Sep 14, 20262.22%first recorded
Balance: $25 - $20,000; Dividend rate is paid based on the aggregate balance method
- Oct 9, 20262.27%▲ from 2.22%
- Sep 14, 20262.22%first recorded
Balance: $50,000.00-$99,999.99; No annual fee. Dividends paid monthly on the average daily balance. Dividend rates may change after the account is opened.
Annual Percentage Yield.
Balance: $50,000.01-$100,000.00; Dividends compounded daily and paid monthly; rate shown in table column labeled APR
Balance: $1.00 to $249,999.99
Balance: $20,000.00-$49,999.99; No annual fee. Dividends paid monthly on the average daily balance. Dividend rates may change after the account is opened.
Balances $0.01 and Above
Balance: $0.00 to $99,999.99
Balance: $1,000,000.00 and over
Balance: $250,000.00 or more
Balance: $50,000 - $99,999
Qualifications Required; Balance: $0 - $100,000; Qualifying balance up to $100,000.00; Earn rewards by qualifying with your linked Kasasa checking account during each monthly qualification cycle
Balance: $10,000.01-$50,000.00; Dividends compounded daily and paid monthly; rate shown in table column labeled APR
- Oct 13, 20261.81%▼ from 2.12%
- Sep 14, 20262.12%first recorded
Balance: $100,000.01 - $250,000; Tiered blended-rate account; Minimum average daily balance of $2,000.00 during dividend period
- Oct 9, 20261.80%▼ from 1.90%
- Sep 18, 20261.90%first recorded
Balance: $100.00-$19,999.99; No annual fee. Dividends paid monthly on the average daily balance. Dividend rates may change after the account is opened.
Balance: $100,000.00 to $249,999.99
Balance: $25.00 - $999.99
Balance: $20,000+
Balance: $10,000 - $49,999
Balance: $50,000.01 - $100,000; Tiered blended-rate account; Minimum average daily balance of $2,000.00 during dividend period
- Oct 9, 20261.50%▼ from 1.65%
- Sep 18, 20261.65%first recorded
Balance: $2,000.00-$10,000.00; Dividends compounded daily and paid monthly; rate shown in table column labeled APR
- Oct 13, 20261.31%▼ from 2.12%
- Sep 14, 20262.12%first recorded
Balance: $50,000.00 - $99,999.99
Balance: 0 - $15,000; Qualifying balance up to $15,000.00; Kasasa Accounts do not have a minimum balance requirement to earn dividends; variable dividend rate and variable APY
Balance: $0 to $5,000.99
Balance: $25,000.00 - $49,999.99
Balance: $25,000.01 - $50,000; Tiered blended-rate account; Minimum average daily balance of $2,000.00 during dividend period
- Oct 9, 20261.10%▼ from 1.25%
- Sep 18, 20261.25%first recorded
Balance: $10,000.00 - $24,999.99
Balance: $5,000 - $9,999
Balance: $50,000.00 to $99,999.99
Balance: $1.00 or more
Balance: $500,000+
Balance: $25,000 - $49,999.99
Balance: $250,000 & more
Balance: $250,000+
Balance: $250,000 - $499,999
Balance: $5,001.00 or more**
Balance: Tier 4 - Average daily balance $50,000 +
Balance: $100,000 - $249,999.99
Balance: $10,000 - $24,999.99
Balance: Tier 3 - Average daily balance $25,000 < $50,000
Balance: $100,000 - $249,999
Balance: $100,000 - $249,999
Balance: $25,000.00 to $49,999.99
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution’s data, please contact us here.
Maine Savings Rate Trends
Compare local Maine savings rate quotes against the statewide average
Daily savings rate averages tracked across our database of 8,500+ banks and credit unions, updated every evening.
Maine high-yield savings rates rose 0.101 points over the past 7 days to 1.801% APY, up from 1.700%.
Maine standard savings rates rose 0.002 points over the past 7 days to 0.169% APY, up from 0.167%.
Maine Savings Rate Forecast, Next 12 Months
Savings rates move with Federal Reserve policy. Our model uses the current ME high-yield average and a Fed funds spread to project the likely rate trajectory for 2026 to 2027.
Savings account rates are variable and move in close correlation with the Federal Reserve’s federal funds rate target. Our 12-month forecast is derived from the current ME high-yield savings average of 1.801% APY and a Fed funds spread model calibrated to the historical relationship between policy rate changes and deposit rate adjustments at banks and credit unions.
Key assumptions: the Federal Reserve holds the federal funds rate at its current level over the next 12 months, with the possibility of one 25 basis point increase; deposit rates at banks and credit unions track policy-rate changes within 60 to 90 days. High-yield online savings rates tend to adjust faster than standard branch-based savings rates.
Important notice: This forecast is for informational purposes only and should not be used as the sole basis for financial decisions. Rate forecasts carry significant uncertainty. The actual trajectory will depend on Federal Reserve decisions, economic conditions, and competitive dynamics among financial institutions in Maine.
Savings Account Earnings in Maine
Annual interest earnings at current ME average APYs, based on the high-yield and standard savings averages tracked in our database. Compounding assumed monthly.
| Balance | HY Savings (1.801% APY) | Monthly Earnings | Standard Savings (0.169% APY) | Monthly Earnings |
|---|---|---|---|---|
| $5,000 | $90.06 / year | $7.51 | $8.46 / year | $0.71 |
| $10,000 | $180.13 / year | $15.01 | $16.92 / year | $1.41 |
| $25,000 | $450.32 / year | $37.53 | $42.30 / year | $3.53 |
| $50,000 | $900.65 / year | $75.05 | $84.60 / year | $7.05 |
| Earnings estimates use daily compounding. Actual earnings depend on exact rate, compounding frequency, and daily balance maintained. Rates are variable and subject to change. Source: Maine savings rate averages as of October 13, 2026. | ||||
About Our Maine Savings Rate Database
MonitorBankRates tracks 172 savings rates from 12 banks and 14 credit unions offering savings accounts to Maine residents, including community institutions, regional banks, and national online options. Our proprietary aggregation system pulls verified rate data directly from each institution’s official website, no estimates, no national averages passed off as real offers.
Every rate listed includes the institution’s Safety Grade (A+ to F), Star Rating (1 to 5), and Texas Ratio, objective financial health metrics calculated from FDIC and NCUA regulatory data, so you can compare yield and institutional safety in one place.
Current top rate: Atlantic Regional Federal Credit Union offers a savings account at 4.00% APY. Use the rate table above to compare all current offers in Maine.
How to Find the Best Savings Rates in Maine
What to compare when shopping for a savings account in Maine
To find the best savings APYs in Maine, start with credit unions and online-only banks: Maine has 14 credit unions in our database, and they consistently offer some of the highest yields because they are member-owned nonprofits with lower overhead than traditional banks.
Always compare the APY (Annual Percentage Yield), not just the interest rate. APY reflects compounding and is the true measure of what you’ll earn. Savings accounts that compound daily earn slightly more than those compounding monthly at the same stated rate. The current ME high-yield savings average is 1.801% but top local institutions are offering as high as 4.00%, so shopping around pays off.
Unlike a CD, savings account rates are variable. Your rate can change at any time with Federal Reserve policy. Many institutions offer elevated introductory rates that reset after a promotional period. Review your account periodically to ensure your APY remains competitive.
When a High-Yield Savings Account Makes Sense
- Emergency fund: Financial experts recommend 3 to 6 months of expenses in a liquid, FDIC-insured account. Maine high-yield savings rates currently average 1.801% APY, far above a typical checking account.
- Short-term savings goals (6 to 24 months): If you may need the money soon, a savings account gives you immediate access without early withdrawal penalties.
- Parking cash between investments: A high-yield savings account at Maine institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 26 institutions in Maine report savings rates to our database.
- You’re among Maine’s 22.4% of residents aged 65+ for whom liquid, accessible savings complement fixed-income holdings.
- No rate lock-in risk: Unlike a CD, your rate moves up with the market if rates rise further.
Consider an Alternative If…
- You want a locked-in, guaranteed return Maine CD rates
- You want check-writing flexibility Maine money market rates
- You need daily transaction access Maine checking rates
Maine Financial Snapshot
Local demographics and economic context for savers. Source: U.S. Census Bureau
22.4% of residents are 65 or older, above the national average of 17.3%, making liquid, accessible savings accounts a particularly relevant option in this market. At today’s ME high-yield savings average of 1.801%, saving 10% of the local median salary ($4,448/year) would earn an additional $80 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Savings Accounts vs. Other Maine Options
How high-yield savings accounts compare to other deposit products available at banks and credit unions in Maine.
| Feature | High-Yield Savings | Standard Savings | Money Market | CD (12-Month) |
|---|---|---|---|---|
| Current ME Avg APY | 1.801% | 0.169% | View MMA Rates | View CD Rates |
| Rate Type | Variable | Variable | Variable | Fixed for term |
| FDIC / NCUA Insured | ✓ Up to $250K | ✓ Up to $250K | ✓ Up to $250K | ✓ Up to $250K |
| Withdraw Anytime | ✓ Yes | ✓ Yes | ✓ Yes | ✗ Penalty applies |
| Check Writing | ✗ No | ✗ No | ✓ Often yes | ✗ No |
| Debit / ATM Card | Some institutions | ✗ Rarely | ✓ Often yes | ✗ No |
| Typical Min Deposit | $0 to $100 | $25 to $100 | $0 to $2,500 | $500 to $1,000 |
| Rate Risk | Variable, moves with Fed policy | Variable, moves with Fed policy | Variable, moves with Fed policy | None, locked for term |
| Best For | Emergency fund, short-term goals, parking cash | Everyday saving, low-balance accounts | Active savers wanting flexibility + check writing | Locking in a rate for a defined period |
APY data reflects Maine averages tracked in our database as of October 13, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
Savings Calculators for Maine
At ME’s top rate of 4.00% from Atlantic Regional Federal Credit Union, a $10,000 deposit earns $400 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median Maine earner is roughly $11,100. At 1.801% APY, saving $930/month gets you there in about 12 months. Set your target and see your exact timeline.
CD vs. High-Yield SavingsMaine’s high-yield savings average is 1.801% APY, variable and always accessible. A local CD may offer a higher fixed yield in exchange for locking in your deposit. Compare both side-by-side to find the better fit for your timeline.
Budget CalculatorBefore you can grow your savings, you need to know how much you can set aside each month. The median Maine earner makes $44,488/year. Track your income vs. expenses to find your monthly surplus, then put it to work at 1.801% APY.
Retirement PlannerA $25,000 high-yield savings balance earning 1.801% APY grows to roughly $35,728 over 20 years with compounding. See how your current savings trajectory lines up with your retirement income needs.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Maine savings rate tables are free for consumers to use, and we do not receive payment from any financial institution to be included or to be ranked in any particular order. Listings are based solely on the rates each institution publicly advertises on its own website.
A Note on Third-Party Rate Tools: Some pages on our site also feature rate comparison widgets and tools provided by third-party partners. These tools may include sponsored listings or affiliate links, and we may receive compensation when users click through them. We clearly label these widgets so you can tell at a glance which rates come from our independent MonitorBankRates.com tables and which come from our advertising partners.
Direct-Sourced & Verified Savings Rate Data: We aggregate savings account rates for Maine directly from the official websites of banks and credit unions using our proprietary rate aggregation technology and a dedicated team of rate updaters. Every savings rate displayed on MonitorBankRates.com is highly accurate and trustworthy.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available yields in Maine. We feature a comprehensive mix of institutions, from neighborhood credit unions and competitive regional banks to large national institutions available to savers in ME.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update savings rates daily. Because savings account yields can fluctuate rapidly, every product listed features its own specific “last updated” date, giving you complete transparency.
Frequently Asked Questions about Savings Accounts in Maine
What is a High-Yield Savings Account (HYSA)?
Are savings accounts in Maine safe?
How often do savings rates change in Maine?
Do I need a minimum deposit to open a savings account?
What is the difference between a Savings Account and a Money Market Account?
Are online banks better than local banks in Maine?
How do I open a savings account in Maine?
Best Savings Rates in Maine
- Atlantic Regional Federal Credit Union
Business Savings: 4.00% APY - Lighthouse Credit Union
Lighthouse Premium Savings: 3.85% APY - Saco & Biddeford Savings
High Balance Savings: 3.55% APY - Northeast Bank Portland, ME
Growth Savings: 3.50% APY - Empeople Credit Union
High Yield Savings: 3.25% APY
Cities in Maine
