Waterville, Maine Savings Rates for October 2026
Brian McKay
Brian McKay
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Waterville, Maine savings account rates range from 0.01% to 4.00% APY, verified by MonitorBankRates as of October 31, 2026. The best savings rates for Waterville, Maine and the surrounding area include Camden National BankCamden National Bank150 Main St, Waterville, ME 04901A+5.0 ★Texas Ratio: 1.50%Real return: -0.60%APY minus 3.7% CPIRate verified Oct 31, 2026 High-Yield Savings Accounts at 3.10% APY, Maine State Credit UnionMaine State Credit Union81 Grove St, Waterville, ME 04901 5826A+5.0 ★Texas Ratio: 5.92%Real return: -1.10%APY minus 3.7% CPIRate verified Oct 29, 2026 Advantage Savings at 2.60% APY, Kennebec Savings BankKennebec Savings Bank226 Main St, Waterville, ME 04901A+5.0 ★Texas Ratio: 2.87%Real return: -2.20%APY minus 3.7% CPIRate verified Oct 31, 2026 HSA Savings at 1.50% APY, New Dimensions Federal Credit UnionNew Dimensions Federal Credit Union61 Grove St, Waterville, ME 04901A-5.0 ★Texas Ratio: 14.75%Real return: -2.70%APY minus 3.7% CPIRate verified Oct 29, 2026 Kasasa Saver Savings at 1.00% APY, and KSW Federal Credit UnionKSW Federal Credit Union222 College Ave, Waterville, ME 04901 6226A+5.0 ★Texas Ratio: 4.84%Real return: -2.95%APY minus 3.7% CPIRate verified Oct 29, 2026 Kasasa Saver Savings at 0.75% APY.
Waterville has 57 local institutions in our database, with savings rates as high as 3.10% APY from Camden National Bank at 150 Main St, Waterville, ME 04901. 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 Waterville, Maine and the surrounding area. Last Updated and Verified: October 31, 2026
Compare the Best Savings Rates in Waterville, Maine & Surrounding Communities
Balance: $250,000+; Requires $25 deposit to open; Rates updated as of April 22, 2026
Balance: $250,000+; Minimum opening balance of $100.00 required; new money only; requires Camden National Bank business checking account
Balance: $2,500-$249,999; Requires $25 deposit to open; Rates updated as of April 22, 2026
Balance: $250,000.01 and over; Tiered blended-rate account; No maturity dates or fees
Balance: $100,000.00 to $249,999.99; Minimum opening balance of $100.00 required; new money only; requires Camden National Bank business checking account
Balance: $0.00 to $99,999.99; Minimum opening balance of $100.00 required; new money only; requires Camden National Bank business checking account
Balance: $100,000.01 - $250,000; Tiered blended-rate account; No maturity dates or fees
- Oct 9, 20261.80%▼ from 1.90%
- Sep 18, 20261.90%first recorded
Balance: $20,000+
Balance: $50,000.01 - $100,000; Tiered blended-rate account; No maturity dates or fees
- Oct 9, 20261.50%▼ from 1.65%
- Sep 18, 20261.65%first recorded
Balance: $25,000.01 - $50,000; Tiered blended-rate account; No maturity dates or fees
- Oct 9, 20261.10%▼ from 1.25%
- Sep 18, 20261.25%first recorded
Qualifying balance up to $25,000; Rate of .25% over $25,000; APY is a blended rate of 1.00% - 0.44% depending on average balance, based on $100,000 balance
Balance: $2,000 - $25,000; Tiered blended-rate account; No maturity dates or fees
Rates as of September 25, 2026
Effective As of 10/25/2026; Rates are subject to change at any time without notice. Distribution of funds made for reasons other than qualified medical expenses may be subject to tax penalties.
Effective As of 08/04/2025; Minimum Balance N/A
Effective As of 08/04/2025; Minimum Balance N/A
Balance: $500,000+
Balance: $25,000 - $49,999.99
Balance: $250,000+
Balance: $250,000 - $499,999
Balance: $10,000 - $24,999.99
Balance: $100,000 - $249,999
Balance: $100,000 - $249,999
Balance: $50,000 - $99,999
Balance: $20,000+
Balance: $5,000 - $9,999.99
Balance: $2,500 - $49,999
Balance: $20,000 - $99,999
Balance: $2,500 - $19,999
Balance: $2,500 - $19,999
Balance: $2,500 - $19,999
Balance: $25 - $999.99
Balance: 0 - $999.99; Under age 18 to be eligible; adult co-owner required for minors under 16
Balance: $0.00 - $2,499.99; 6-month bonus rate; blended APY; Offer Code VRMA0926; requires growing balance by $5,000
Balance: $0.00 - $2,499.99; 6-month bonus rate; Offer Code VRMB1026; requires growing relationship or liquid balance by $25,000; standard or relationship rates apply after 6 months; rate may vary by booking location
Balance: Up to $2,499
Balance: Up to $2,499
Balance: Up to $2,499
Balance: $100,000.00 and higher
Rates as of September 25, 2026
Balance: $100 minimum to earn dividends; General Membership Savings Accounts
Balance: $100 minimum to earn dividends; General Membership Savings Accounts
Balance: $0.00; Effective As of 10/25/2026
Balance: $0.00; Effective As of 10/25/2026; Funds transfer automatically on October 1
Kids ages 0-12; Balance: Minimum Balance $5.00
Effective As of 10/25/2026
Teens ages 13-17; Balance: Minimum Balance $5.00
Balance: $25,000.00 - $99,999.99
Balance: $0.01 - $4,999.99
Balance: $0.01 - $2,499; requires new money not deposited at Camden National Bank; requires individual with existing personal checking account or one opened at same time; offer for new accounts opened on or after 9/18/2025
Balance: 0 - $24.99
Balance: 0 - $4,999.99
Balance: Up to $2,499
Balance: $250,000 - $499,999
Balance: $250,000.00 and over; Requires $2,500 deposit to open; 50% of opening deposit must be new money; Not available for IRAs; 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; Fees may reduce earnings on this account.
- Oct 3, 20263.55%▲ from 3.30%
- Sep 24, 20263.30%first recorded
Qualifications Required; Balance: $250,000 - $499,999.99
- Oct 28, 20263.20%▲ from 3.00%
- Sep 30, 20263.00%first recorded
Balances up to $2,500; Balance: up to $2,500; Limited to members 18 years old or younger; Fees could reduce APY earnings
- Oct 4, 20262.90%▲ from 2.75%
- Sep 25, 20262.75%first recorded
Balance: $100,000.01 & Over
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
Qualifications Required; Balance: $0 - $249,999.99
- Oct 28, 20262.70%▲ from 2.50%
- Sep 30, 20262.50%first recorded
Balance: $50,000.00 and over; Dividends compounded and credited monthly; Balance Method: Average Daily
Balance: $20,00.01- - $75,000 (as printed); 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
Balance: $100,000 - $249,999
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
Balance: $15,000.00 to $49,999.99; Dividends compounded and credited monthly; Balance Method: Average Daily
Balance: $50,000.01-$100,000.00
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.
Waterville, ME Savings Rate Trends
Compare local Waterville, 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 0.011 points over the past 7 days to 1.761% APY, up from 1.750%.
Maine standard savings rates fell 0.004 points over the past 7 days to 0.152% APY, down from 0.156%.
Waterville, 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 1.761% 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 Waterville, Maine.
Savings Account Earnings in Waterville, 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 (1.761% APY) | Monthly Earnings | Standard Savings (0.152% APY) | Monthly Earnings |
|---|---|---|---|---|
| $5,000 | $88.06 / year | $7.34 | $7.59 / year | $0.63 |
| $10,000 | $176.11 / year | $14.68 | $15.17 / year | $1.26 |
| $25,000 | $440.28 / year | $36.69 | $37.93 / year | $3.16 |
| $50,000 | $880.55 / year | $73.38 | $75.85 / year | $6.32 |
| 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: Waterville, Maine savings rate averages as of October 31, 2026. | ||||
About Our Waterville, Maine Savings Rate Database
MonitorBankRates found 8 institutions with branches in Waterville (4 banks, 4 credit unions), plus 10 additional state-chartered and national online institutions available to Waterville 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 Waterville, Maine.
How to Find the Best Savings Rates in Waterville, Maine
What to compare when shopping for a savings account in Waterville, Maine
To find the best savings APYs in Waterville, Maine, start with credit unions and online-only banks: Waterville, 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 1.761% 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. Waterville, Maine high-yield savings rates currently average 1.761% 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 Waterville, Maine institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 18 institutions in Waterville, Maine report savings rates to our database.
- You’re among Waterville, Maine’s 18.3% 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 Waterville, Maine CD rates
- You want check-writing flexibility Waterville, Maine money market rates
- You need daily transaction access Waterville, Maine checking rates
Waterville, Maine Financial Snapshot
Local demographics and economic context for savers. Source: U.S. Census Bureau
18.3% of residents are 65 or older, in line with the national average of 17.3%. At today’s ME high-yield savings average of 1.761%, saving 10% of the local median salary ($2,919/year) would earn an additional $51 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Savings Accounts vs. Other Waterville, Maine Options
How high-yield savings accounts compare to other deposit products available at banks and credit unions in Waterville, Maine.
| Feature | High-Yield Savings | Standard Savings | Money Market | CD (12-Month) |
|---|---|---|---|---|
| Current ME Avg APY | 1.761% | 0.152% | 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 Waterville, Maine averages tracked in our database as of October 31, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
Savings Calculators for Waterville, 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 Waterville, Maine earner is roughly $7,300. At 1.761% APY, saving $610/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 1.761% 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 Waterville, Maine earner makes $29,191/year. Track your income vs. expenses to find your monthly surplus, then put it to work at 1.761% APY.
Retirement PlannerA $25,000 high-yield savings balance earning 1.761% APY grows to roughly $35,447 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 Waterville, 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 Waterville, 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 Waterville, 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 Waterville, Maine
What are savings account rates in Waterville, Maine today?
What is a High-Yield Savings Account (HYSA)?
Are savings accounts in Waterville, Maine safe?
How often do savings rates change in Waterville, 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 Waterville, Maine?
How do I open a savings account in Waterville, Maine?
Best Savings Rates in Waterville, Maine
- Camden National Bank
High-Yield Savings Accounts: 3.10% APY - Maine State Credit Union
Advantage Savings: 2.60% APY - Kennebec Savings Bank
HSA Savings: 1.50% APY - New Dimensions Federal Credit Union
Kasasa Saver Savings: 1.00% APY - KSW Federal Credit Union
Kasasa Saver Savings: 0.75% APY
Waterville, Maine Rates & Resources
