IMPORTANT NOTICE: All bank locations will be closed on Wednesday, June 19th in observance of the Juneteenth holiday. For your convenience, our online and mobile banking services remain available 24/7. We will reopen for normal business hours Thursday, June 20th.

BUSINESS SAVINGS ACCOUNTS & CDS

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Business Banking
Business Savings

Planning for change, committing to growth, preparing for the unexpected. That’s what running a business is all about. Make sure your reserves are working just as hard as you do each day with a business savings account from Androscoggin Bank— Maine’s business banking leader.

To see today’s rates, click here.

Business Money Market

When you know you have total access to funds, it’s easier to commit to investing business dollars. Elevate your savings without tying up assets.

  • Tiered rates – the higher your balance the more interest you can earn
  • Opening deposit of $25 is required
  • Minimum daily balance of $5,000 must be maintained to avoid a $10.00 monthly service charge
  • You may make up to six (6) electronic withdrawals or checks per calendar month
  • Free Online & Mobile Banking
  • FDIC insured

Business Savings

Whether you need a reliable place to deposit reserves or want to incorporate a simple saving strategy, our basic savings option will be up for the job.

  • Tiered rates – the higher your balance the more interest you can earn
  • Opening deposit of $25 is required
  • Minimum daily balance of $100 must be maintained to avoid a $3.00 monthly service charge
  • You may make up to six (6) electronic withdrawals per calendar month
  • Free Online & Mobile Banking
  • FDIC insured

Certificates of Deposit

When liquidity isn’t a priority and your business needs to put cash reserves to work, CDs give funds plenty of room to grow in a low risk environment.

  • Competitive rates
  • Term options range from 6 to 60 months
  • FDIC insured
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