Mainely Preferred Business Savings
Earn more with it as your balance grows in this tiered interest account. Saco & Biddeford Savings offers a tiered account for every need, from small business to large enterprises.
- Tiered interest rates
- ATM/Debit access with a Checking Account as the primary account
- Free direct deposit and automatic withdrawals
- Free Online Bill Pay and Business Online Banking
- Free Mobile Banking and Mobile Check Deposit
- Free eStatements
- Free Telebanker
- No maintenance fee
- $0 - $24,999.99
- $25,000 - $49,999.99
- $50,000 - $99,999.99
- $100,000 - $249,999.99
- $250,000 - $499,999.99
- $500,000 - $749,999.99
- $750,000 +
1No charge by Bank. Additional vendor charges apply.
HSA Accounts
Growing your business takes hard work and a dedicated team, and we understand the need to balance rising health care costs. Our Health Savings Account is an affordable approach to health care for many employers and their employees.
- Multiple tax benefits
- Covers a wide range of qualified medical expenses
- Reduces out-of-pocket high-deductible health plan costs
- Earns interest with zero tax burden
- Flexibility to pay current medical expenses or save for future needs
- Tax-deductible contributions, FDIC-insured
- Tax-deferred earnings
- Tax-free distributions, if qualified
- Lifetime account with no spending deadlines
- Great recruitment and retention tool
- No maintenance fee
NOTE: We strongly recommend seeking the counsel of an attorney and/or other qualified tax advisor on the specific legal and tax consequences of any health savings plan for your particular needs.
Compare Accounts
Mainely Preferred Business Savings | Health Savings Account | |
---|---|---|
The right fit if you want… | A higher rate and dividends for higher balances | A smart way to manage rising health care costs |
Minimum Balance Requirement | None | None |
Monthly Service Charges | None | None |
Free ATM Withdrawals1 | ||
Free Online Business Banking | ||
Free Mobile Banking and Mobile Check Deposit | ||
Free eStatements | ||
Other Benefits | Tiered interest rates, monthly dividends | Lifetime account with no spending deadlines |
Calculators
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