Portland, Maine (ME) Savings Rates - March 2026
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Editorial Disclosure
The savings rates displayed are actual, verified rates sourced directly from the official websites of banks and credit unions. Our editorial content is independent of any advertiser relationships.
The best savings rates for Portland, Maine and the surrounding area include Saco & Biddeford SavingsSaco & Biddeford Savings136 Commercial St, Portland, ME 04101A+5.0 ★Texas Ratio: 4.27% High Balance Savings at 3.30% APY, Camden National BankCamden National Bank220 Middle St, Portland, ME 04101A+5.0 ★Texas Ratio: 0.98% High-Yield Savings Account at 3.10% APY, Northeast Bank Portland, MENortheast Bank Portland, ME27 Pearl St, Portland, ME 04101A+5.0 ★Texas Ratio: 5.60% High Yield Savings at 2.75% APY, Maine Community BankMaine Community Bank1 India St, Portland, ME 04101A+5.0 ★Texas Ratio: 1.80% 207 Savings at 1.77% APY, and Kennebec Savings BankKennebec Savings Bank53 Baxter Boulevard, Portland, ME 04103A+5.0 ★Texas Ratio: 1.44% HSA Savings at 1.50% APY. Savings rates as of March 27, 2026 according to verified data from MonitorBankRates.
To see how these savings rates in Portland, Maine, and the surrounding area, compare, use our comprehensive tables below for side-by-side comparisons to find the best savings rates available. Rates in Portland, Maine (ME) are continually updated — we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in Portland, Maine and the surrounding area. Last Updated and Verified: March 27, 2026
Compare the Best Savings Rates in Portland, Maine & Surrounding Communities
Source: Verified Savings Rate Data provided by MonitorBankRates
Institution
Product
APY
Min Deposit
Profile
Saco & Biddeford Savings
Institution Rating:
A+5.0 ★Texas Ratio: 4.27%
136 Commercial St, Portland, ME 04101
High Balance Savings
3.30%
$0
▼
Rate3.25%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
Saco & Biddeford Savings
Institution Rating:
A+5.0 ★Texas Ratio: 4.27%
136 Commercial St, Portland, ME 04101
High Balance Savings
3.20%
$0
▼
Rate3.15%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
Camden National Bank
Institution Rating:
A+5.0 ★Texas Ratio: 0.98%
220 Middle St, Portland, ME 04101
High-Yield Savings Account
3.10%
$25
▼
Rate3.05%
Min Deposit$25
Min Balance—
UpdatedMar 25, 2026
Details
Saco & Biddeford Savings
Institution Rating:
A+5.0 ★Texas Ratio: 4.27%
136 Commercial St, Portland, ME 04101
Mutual High Yield Savings
3.00%
$0
▼
Rate2.96%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
Saco & Biddeford Savings
Institution Rating:
A+5.0 ★Texas Ratio: 4.27%
136 Commercial St, Portland, ME 04101
High Balance Savings
2.99%
$0
▼
Rate2.95%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
Northeast Bank Portland, ME
Institution Rating:
A+5.0 ★Texas Ratio: 5.60%
27 Pearl St, Portland, ME 04101
High Yield Savings
2.75%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 27, 2026
Details
Northeast Bank Portland, ME
Institution Rating:
A+5.0 ★Texas Ratio: 5.60%
27 Pearl St, Portland, ME 04101
High-Yield Savings
2.75%
$0
▼
Rate2.72%
Min Deposit$0
Min Balance—
UpdatedMar 27, 2026
Details
Northeast Bank Portland, ME
Institution Rating:
A+5.0 ★Texas Ratio: 5.60%
27 Pearl St, Portland, ME 04101
PROPEL Preferred Savings
2.75%
$0
▼
Rate2.72%
Min Deposit$0
Min Balance—
UpdatedMar 27, 2026
Details
Camden National Bank
Institution Rating:
A+5.0 ★Texas Ratio: 0.98%
220 Middle St, Portland, ME 04101
High-Yield Savings Account
2.65%
$25
▼
Rate2.62%
Min Deposit$25
Min Balance—
UpdatedMar 25, 2026
Details
Saco & Biddeford Savings
Institution Rating:
A+5.0 ★Texas Ratio: 4.27%
136 Commercial St, Portland, ME 04101
High Balance Savings
2.45%
$0
▼
Rate2.42%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
Northeast Bank Portland, ME
Institution Rating:
A+5.0 ★Texas Ratio: 5.60%
27 Pearl St, Portland, ME 04101
High-Yield Savings
2.25%
$0
▼
Rate2.23%
Min Deposit$0
Min Balance—
UpdatedMar 27, 2026
Details
Northeast Bank Portland, ME
Institution Rating:
A+5.0 ★Texas Ratio: 5.60%
27 Pearl St, Portland, ME 04101
High Yield Savings
2.25%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 27, 2026
Details
Northeast Bank Portland, ME
Institution Rating:
A+5.0 ★Texas Ratio: 5.60%
27 Pearl St, Portland, ME 04101
Health Savings Account
2.00%
$0
▼
Rate1.98%
Min Deposit$0
Min Balance—
UpdatedMar 27, 2026
Details
Maine Community Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.80%
1 India St, Portland, ME 04101
207 Savings
1.77%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 14, 2026
Details
Qualifying balance up to $249,999.99
Kennebec Savings Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.44%
53 Baxter Boulevard, Portland, ME 04103
HSA Savings
1.50%
$10
▼
Rate1.49%
Min Deposit$10
Min Balance—
UpdatedMar 27, 2026
Details
Saco & Biddeford Savings
Institution Rating:
A+5.0 ★Texas Ratio: 4.27%
136 Commercial St, Portland, ME 04101
Kids Savings Account
1.20%
$0
▼
Rate1.19%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
Bangor Savings Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.55%
1071 Brighton Ave, Portland, ME 04102
Savings Account
0.50%
$0
▼
Rate0.50%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
Maine Community Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.80%
1 India St, Portland, ME 04101
Health Savings Account
0.50%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 14, 2026
Details
Maine Savings Federal Credit Union
Institution Rating:
A-4.9 ★Texas Ratio: 16.16%
883 Forest Ave, Portland, ME 04103
Health Savings Share Draft Account
0.50%
$0
▼
Rate0.50%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
*
Bangor Savings Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.55%
1071 Brighton Ave, Portland, ME 04102
Savings Account
0.45%
$0
▼
Rate0.45%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
Kennebec Savings Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.44%
53 Baxter Boulevard, Portland, ME 04103
Premier Savings
0.45%
$100
▼
Rate0.45%
Min Deposit$100
Min Balance—
UpdatedMar 27, 2026
Details
University Credit Union Orono, ME
Institution Rating:
A+5.0 ★Texas Ratio: 4.10%
391 Forest Ave, Portland, ME 04101 2001
Health Savings Account & Emergency Savings Account
0.40%
$0
▼
Rate0.40%
Min Deposit$0
Min Balance—
UpdatedMar 22, 2026
Details
Norway Savings Bank
Institution Rating:
A+5.0 ★Texas Ratio: 0.74%
1200 Congress St, Portland, ME 04102
inBusinessTM Money Market Savings2
0.40%
$0
▼
Rate0.40%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
Bangor Savings Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.55%
1071 Brighton Ave, Portland, ME 04102
Market Rate Savings
0.40%
$0
▼
Rate0.40%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
Bangor Savings Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.55%
1071 Brighton Ave, Portland, ME 04102
Savings Account
0.40%
$0
▼
Rate0.40%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
Kennebec Savings Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.44%
53 Baxter Boulevard, Portland, ME 04103
Premier IRA Savings
0.35%
$10
▼
Rate0.35%
Min Deposit$10
Min Balance—
UpdatedMar 27, 2026
Details
Kennebec Savings Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.44%
53 Baxter Boulevard, Portland, ME 04103
Premier Savings
0.35%
$100
▼
Rate0.35%
Min Deposit$100
Min Balance—
UpdatedMar 27, 2026
Details
cPort Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 6.99%
50 Riverside Industrial Pkwy, Portland, ME 04103
Savings Account
0.35%
$0
▼
Rate0.35%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
$5 minimum to open Share Account. $100 minimum balance required to earn dividends.
University Credit Union Orono, ME
Institution Rating:
A+5.0 ★Texas Ratio: 4.10%
391 Forest Ave, Portland, ME 04101 2001
Health Savings Account & Emergency Savings Account
0.35%
$0
▼
Rate0.35%
Min Deposit$0
Min Balance—
UpdatedMar 22, 2026
Details
Qualifying balance up to $10,000
Saco & Biddeford Savings
Institution Rating:
A+5.0 ★Texas Ratio: 4.27%
136 Commercial St, Portland, ME 04101
Kids Savings Account
0.32%
$0
▼
Rate0.32%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
TruChoice Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.63%
272 PARK AVE, PORTLAND, ME 04102 2912
Savings
0.30%
$25
▼
Rate0.30%
Min Deposit$25
Min Balance—
UpdatedMar 22, 2026
Details
Norway Savings Bank
Institution Rating:
A+5.0 ★Texas Ratio: 0.74%
1200 Congress St, Portland, ME 04102
inBusinessTM Money Market Savings2
0.30%
$0
▼
Rate0.30%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
NBT Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.76%
5 Widgery Wharf Fl 3, Portland, ME 04101
Health Savings Accounts
0.30%
$0
▼
Rate0.30%
Min Deposit$0
Min Balance—
UpdatedMar 27, 2026
Details
Tier 4 - Average daily balance $50,000 +
Bangor Savings Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.55%
1071 Brighton Ave, Portland, ME 04102
Savings Account
0.25%
$0
▼
Rate0.25%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
Bangor Savings Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.55%
1071 Brighton Ave, Portland, ME 04102
Market Rate Savings
0.25%
$0
▼
Rate0.25%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
TruChoice Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.63%
272 PARK AVE, PORTLAND, ME 04102 2912
Savings
0.25%
$25
▼
Rate0.25%
Min Deposit$25
Min Balance—
UpdatedMar 22, 2026
Details
University Credit Union Orono, ME
Institution Rating:
A+5.0 ★Texas Ratio: 4.10%
391 Forest Ave, Portland, ME 04101 2001
Health Savings Account & Emergency Savings Account
0.25%
$0
▼
Rate0.25%
Min Deposit$0
Min Balance—
UpdatedMar 22, 2026
Details
Qualifying balance up to $2,500
TruChoice Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.63%
272 PARK AVE, PORTLAND, ME 04102 2912
Savings
0.20%
$25
▼
Rate0.20%
Min Deposit$25
Min Balance—
UpdatedMar 22, 2026
Details
University Credit Union Orono, ME
Institution Rating:
A+5.0 ★Texas Ratio: 4.10%
391 Forest Ave, Portland, ME 04101 2001
Health Savings Account & Emergency Savings Account
0.20%
$0
▼
Rate0.20%
Min Deposit$0
Min Balance—
UpdatedMar 22, 2026
Details
Qualifying balance up to $500
University Credit Union Orono, ME
Institution Rating:
A+5.0 ★Texas Ratio: 4.10%
391 Forest Ave, Portland, ME 04101 2001
Super Share
0.20%
$0
▼
Rate0.20%
Min Deposit$0
Min Balance—
UpdatedMar 22, 2026
Details
TruChoice Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.63%
272 PARK AVE, PORTLAND, ME 04102 2912
Savings
0.15%
$25
▼
Rate0.15%
Min Deposit$25
Min Balance—
UpdatedMar 22, 2026
Details
Town & Country Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 3.10%
3 Auburn St, Portland, ME 04103
Savings
0.10%
$0
▼
Rate0.10%
Min Deposit$0
Min Balance—
UpdatedMar 15, 2026
Details
Town & Country Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 3.10%
3 Auburn St, Portland, ME 04103
Youth Savings
0.10%
$0
▼
Rate0.10%
Min Deposit$0
Min Balance—
UpdatedMar 15, 2026
Details
Maine Savings Federal Credit Union
Institution Rating:
A-4.9 ★Texas Ratio: 16.16%
883 Forest Ave, Portland, ME 04103
Floating IRA (Savings Account)
0.10%
$0
▼
Rate0.10%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
*
Maine Savings Federal Credit Union
Institution Rating:
A-4.9 ★Texas Ratio: 16.16%
883 Forest Ave, Portland, ME 04103
Savings (Share) Accounts
0.10%
$5
▼
Rate0.10%
Min Deposit$5
Min Balance—
UpdatedMar 24, 2026
Details
per member *
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MonitorBankRates
The Annual Percentage Yields (APYs) displayed are based on the highest APY offered for the specified deposit amount or less. Rates may change without prior notice.
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.
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.
Portland, ME Savings Rate Trends
Compare local Portland, ME savings rate quotes against the statewide average
Weekly savings rate averages tracked across our database of 8,500+ banks and credit unions — updated every evening.
High-Yield Savings — ME Avg
1.679%
▲ 1.476 from last week
Maine high-yield savings rates rose 1.476 points this week to 1.679% APY, up from 0.203% last week.
Standard Savings — ME Avg
0.563%
▼ 1.247 from last week
Maine standard savings rates fell 1.247 points this week to 0.563% APY, down from 1.810% last week.
As of Mar 28, 2026 •
Rate data sourced from 8,500+ monitored institutions
Powered by MonitorBankRates
Methodology & Data Sources
Direct-Sourced & Verified Savings Rate Data: We aggregate savings account rates for Portland, 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 Portland, 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 Portland, Maine
What is a High-Yield Savings Account (HYSA)?
A High-Yield Savings Account (HYSA) typically pays significantly higher interest than standard accounts at national brick-and-mortar banks. These accounts, often found at online banks or local credit unions in Maine, help your money grow faster through a higher APY.
Are savings accounts in Portland, Maine safe?
Yes, as long as the institution is FDIC insured (for banks) or NCUA insured (for credit unions). This provides federal protection for your deposits in Maine up to $250,000 per depositor, per institution.
How often do savings rates change in Portland, Maine?
Savings rates are variable and can change at any time based on market conditions and Federal Reserve decisions. We update our local Maine rate tables daily to ensure you see the most current high-yield options.
Do I need a minimum deposit to open a savings account?
It depends on the bank. Many online high-yield savings accounts have no minimum deposit requirement, while some traditional banks in Portland, Maine may require $25–$100 to open an account.
What is the difference between a Savings Account and a Money Market Account?
Both pay interest and are federally insured. Money Market Accounts (MMAs) often come with check-writing privileges or a debit card, making them more flexible, whereas standard savings accounts typically do not.
Are online banks better than local banks in Portland, Maine?
Online banks often offer higher APYs because they have lower overhead costs. However, local banks in Portland, Maine offer in-person customer service, which some customers prefer.
How do I open a savings account in Portland, Maine?
You can open a savings account online or in-person. You will generally need a government-issued ID, your Social Security number, and an initial deposit to get started.
Best Savings Rates in Portland, Maine
Here are recent savings rates observed in Portland, Maine and the surrounding area:
- Saco & Biddeford Savings
High Balance Savings — 3.30% APY - Camden National Bank
High-Yield Savings Account — 3.10% APY - Northeast Bank Portland, ME
High Yield Savings — 2.75% APY - Maine Community Bank
207 Savings — 1.77% APY - Kennebec Savings Bank
HSA Savings — 1.50% APY
Savings Rates reflect actual verified offers from banks and credit unions actively accepting deposits in Portland, Maine. Your final available rate may depend on deposit amount and daily market movements. Last Updated and Verified: March 27, 2026
