Ellsworth, Maine Savings Rates - October 2026
Brian McKay
Brian McKay
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Ellsworth, Maine savings account rates range from 0.01% to 3.75% APY, verified by MonitorBankRates as of October 14, 2026. The best savings rates for Ellsworth, Maine and the surrounding area include Camden National BankCamden National Bank66 Main St, Ellsworth, ME 04605A+5.0 ★Texas Ratio: 1.50%Real return: +0.30%APY minus 2.8% CPI (February 2026) High-Yield Savings Accounts at 3.10% APY, Seaboard Federal Credit UnionSeaboard Federal Credit Union200 Main St, Ellsworth, ME 04605A5.0 ★Texas Ratio: 9.09%Real return: +0.10%APY minus 2.8% CPI (February 2026) Health Savings Account at 2.90% APY, Bangor Federal Credit UnionBangor Federal Credit Union175 High St Ste 7, Ellsworth, ME 04605 1730A+5.0 ★Texas Ratio: 3.80%Real return: -0.02%APY minus 2.8% CPI (February 2026) Business IRA Savings at 2.78% APY, Franklin SB Farmington, MEFranklin SB Farmington, ME181 State St, Ellsworth, ME 04605A5.0 ★Texas Ratio: 6.48%Real return: -2.30%APY minus 2.8% CPI (February 2026) Smart Savings Club Account at 0.50% APY, and Maine Savings Federal Credit UnionMaine Savings Federal Credit Union25 Resort Way, Ellsworth, ME 04605A-5.0 ★Texas Ratio: 15.25%Real return: -2.30%APY minus 2.8% CPI (February 2026) Health Savings Accounts at 0.50% APY.
Ellsworth has 37 local institutions in our database, with savings rates as high as 3.10% APY from Camden National Bank at 66 Main St, Ellsworth, ME 04605. Use the table below to compare all available offers, including options from institutions serving the broader Maine area. Rates are continually updated, so we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in Ellsworth, Maine and the surrounding area. Last Updated and Verified: October 14, 2026
Compare the Best Savings Rates in Ellsworth, Maine & Surrounding Communities
Balance: $250,000+; Minimum Balance tier as printed in table
Balance: $250,000+
- Oct 4, 20262.90%▲ from 2.75%
- Sep 25, 20262.75%first recorded
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: $2,500-$249,999; Minimum Balance tier as printed in table
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 to $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: $0.00 to $99,999.99
Club account
Minimum deposit to open account, not minimum balance to maintain account
Balance: $25,000 - $49,999.99
Balance: $10,000 - $24,999.99
Youth account; variable rate
Balance: $5,000 - $9,999.99
Minimum deposit to open account, not minimum balance to maintain account
Minimum deposit to open account, not minimum balance to maintain account
Balance: $25 - $999.99; Benefit Savings accounts require a $25 minimum opening deposit; Interest compounded daily, credited monthly
Balance: 0 - $999.99; Must be under the age of 18; adult co-owner required for minors under 16
Balance: $25 - $999.99
Balance: $0.00 - $2,499.99; 6-month bonus rate; Offer Code VRMA0926; Apply online or contact KeyBank by 11/4/2026; Requires $5,000 balance growth; Bring at least $5,000 to Key
Balance: $0.00 - $2,499.99; 6-month bonus rate; Bring at least $25,000 to Key; Offer Code VRMB0926; Apply online with this code or contact us to apply to existing account by 11/4/2026; Rate may vary by booking location; Standard or relationship rates apply after bonus period
Balance: $100,000.00 and higher
Club account; Balance: $1,000.00-$49,999.99
Balance: $25,000.00 - $99,999.99
Balance: $0.01 - $4,999.99
Club account; Balance: $0.01-$49.99
Balance: $0.01 - $2,499; Individual with personal Camden National checking required; new accounts opened on or after 9/18/2025; new money only
Balance: $250,000.00 and over; 50% of opening deposit must be new money; Available to Maine and New Hampshire residents only
- Oct 14, 20263.75%▲ from 3.50%
- Sep 18, 20263.50%first recorded
Balance: $5,000,000 - $9,999,999.99
- Oct 3, 20263.55%▲ from 3.30%
- Sep 24, 20263.30%first recorded
Balance: $0.01 to $249,999.99; 50% of opening deposit must be new money; Available to Maine and New Hampshire residents only
- Oct 14, 20263.50%▲ from 3.00%
- Sep 18, 20263.00%first recorded
Balance: $3,000,000 - $4,999,999.99
- Oct 3, 20263.40%▲ from 3.20%
- Sep 24, 20263.20%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+
Balances up to $2,500; Balance: up to $2,500; Youth account limited to members 18 years old or younger; Fees could reduce APY earnings
Balance: $0 - $99,999.99
Qualifications Required; Balance: $250,000 - $499,999.99
Balance: $100,000.01 & Over; Dividends compounded daily and paid monthly; rate shown in table column labeled APR
Balance: $0.01 and Above; Preferred rate requires an active Propel Premier Checking account (two of: $5,000 average daily balance, $1,000 or more in direct deposits, 10 debit card transactions); otherwise defaults to 0.05% APY; Available to Maine and New Hampshire residents only; Open Savings
Balance: $1,000,000 - $1,499,999.99
- Oct 3, 20262.70%▲ from 2.45%
- Sep 24, 20262.45%first recorded
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: $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.
Qualifications Required; Balance: $0 - $249,999.99
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.
Balance: $0.01 and Above; Health Savings Accounts are available for qualifying individual and family high deductible health plans
Balance: $1,000,000.00 and over
Balance: $250,000.00 or more
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 (minimum) - $999.99
Balance: $20,000+
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: $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
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.
Ellsworth, ME Savings Rate Trends
Compare local Ellsworth, ME 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 0.122 points over the past 7 days to 1.811% APY, up from 1.689%.
Maine standard savings rates rose 0.003 points over the past 7 days to 0.168% APY, up from 0.164%.
Ellsworth, 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 1.811% 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 Ellsworth, Maine.
Savings Account Earnings in Ellsworth, 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 (1.811% APY) | Monthly Earnings | Standard Savings (0.168% APY) | Monthly Earnings |
|---|---|---|---|---|
| $5,000 | $90.54 / year | $7.55 | $8.39 / year | $0.70 |
| $10,000 | $181.07 / year | $15.09 | $16.77 / year | $1.40 |
| $25,000 | $452.67 / year | $37.72 | $41.93 / year | $3.49 |
| $50,000 | $905.35 / year | $75.45 | $83.85 / year | $6.99 |
| 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: Ellsworth, Maine savings rate averages as of October 14, 2026. | ||||
About Our Ellsworth, Maine Savings Rate Database
MonitorBankRates found 7 institutions with branches in Ellsworth (4 banks, 3 credit unions), plus 16 additional state-chartered and national online institutions available to Ellsworth residents. 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: Camden National Bank offers a savings account at 3.10% APY with a minimum deposit of $25. Use the rate table above to compare all current offers in Ellsworth, Maine.
How to Find the Best Savings Rates in Ellsworth, Maine
What to compare when shopping for a savings account in Ellsworth, Maine
To find the best savings APYs in Ellsworth, Maine, start with credit unions and online-only banks: Ellsworth, Maine has 12 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 1.811% but top local institutions are offering as high as 3.10%, 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. Ellsworth, Maine high-yield savings rates currently average 1.811% 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 Ellsworth, Maine institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 23 institutions in Ellsworth, Maine report savings rates to our database.
- You’re among Ellsworth, Maine’s 22.1% 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 Ellsworth, Maine CD rates
- You want check-writing flexibility Ellsworth, Maine money market rates
- You need daily transaction access Ellsworth, Maine checking rates
Ellsworth, Maine Financial Snapshot
Local demographics and economic context for savers. Source: U.S. Census Bureau
22.1% 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; a low unemployment rate of 2.8% reflects a strong local economy with solid savings capacity. At today’s ME high-yield savings average of 1.811%, saving 10% of the local median salary ($4,198/year) would earn an additional $76 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Savings Accounts vs. Other Ellsworth, Maine Options
How high-yield savings accounts compare to other deposit products available at banks and credit unions in Ellsworth, Maine.
| Feature | High-Yield Savings | Standard Savings | Money Market | CD (12-Month) |
|---|---|---|---|---|
| Current ME Avg APY | 1.811% | 0.168% | 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 Ellsworth, Maine averages tracked in our database as of October 14, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
Savings Calculators for Ellsworth, Maine
At ME’s top rate of 3.10% from Camden National Bank, a $10,000 deposit earns $310 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median Ellsworth, Maine earner is roughly $10,500. At 1.811% APY, saving $870/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 1.811% 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 Ellsworth, Maine earner makes $41,984/year. Track your income vs. expenses to find your monthly surplus, then put it to work at 1.811% APY.
Retirement PlannerA $25,000 high-yield savings balance earning 1.811% APY grows to roughly $35,794 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 Ellsworth, 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 Ellsworth, 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 Ellsworth, 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 Ellsworth, Maine
What is a High-Yield Savings Account (HYSA)?
Are savings accounts in Ellsworth, Maine safe?
How often do savings rates change in Ellsworth, 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 Ellsworth, Maine?
How do I open a savings account in Ellsworth, Maine?
Best Savings Rates in Ellsworth, Maine
- Camden National Bank
High-Yield Savings Accounts: 3.10% APY - Seaboard Federal Credit Union
Health Savings Account: 2.90% APY - Bangor Federal Credit Union
Business IRA Savings: 2.78% APY - Franklin SB Farmington, ME
Smart Savings Club Account: 0.50% APY - Maine Savings Federal Credit Union
Health Savings Accounts: 0.50% APY
Ellsworth, Maine Rates & Resources
