Are you looking for a new home for your savings egg nest? Consider the high-yield savings account.
Maine has a dozen banks operating within the state, providing its residents with a wide range of high-yield savings accounts options. Whether you prefer online banking options or traditional banking, there are various options available to you.
When choosing a high-yield savings account, the first thing that catches your eye is usually the high annual percentage return (APY). You want to make the most of your money.
Your primary goal is to choose an account that is the best match for your financial need. Your individual preferences and banking habits should weigh in on your final decisions such as account fees, minimums, security, customer service, and digital experience.
To make this process easier for you, we did an extensive review of some of Maine’s best savings accounts. Use this to compare the different choices and find the most suitable match for you today.
This savings builder account is unique where you need to deposit $100 a month to get the highest APY. If you don't deposit $100+ a month, then you need to maintain $25,000 in the account. If you don't do either, you won't receive the higher end APY.
This savings account will provide a flat APY regardless of your balance, and you won't worry about monthly fees. A great perk with this account is you can request a free ATM card.
Quontic Bank high yield savings account provides you with the opportunity to accrue interest at a rate 15x higher than the national average. Interest compounds daily and is paid into your account every month.
First Citizen Bank savings account is an online account that charges no monthly fees, but you need to make a minimum deposit of $50 to open this account.