Notice: All SBSI locations will close at 1:00 PM on Christmas Eve, Tuesday, December 24th, 2024, and will remain closed on Christmas Day, Wednesday, December 25th, 2024. Normal business hours will resume on Thursday, December 26th, 2024.
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Youth Savings

Retail Ops Manager Sarah Gonneville enjoys ice cream with her son at Dairy Joy in Biddeford. Did you know that SBSI customers get a complimentary Greenlight subscription? Learn More

Teaching kids the importance of financial independence.

How to Open

Retail Ops Manager Sarah Gonneville enjoys ice cream with her son at Dairy Joy in Biddeford. Did you know that SBSI customers get a complimentary Greenlight subscription? Learn More

A hit with local kids since 1922.

As your Bank, we’re here to help our community grow. We take pride in encouraging financial literacy in children and empowering them to save money. Our Youth Savings Account is an easy, secure way for children to develop good banking habits and tuck away everything from birthday checks to dog walking wages – every penny counts!

  • Free Online Banking1 
  • Free Mobile Banking and Mobile Check Deposit1
  • Free eStatements
  • Two-tiered interest rates
  • No minimum balance required
  • No maintenance fee
  • Must be 15 years or younger to open account

Say hello to Nickles, the Saco & Biddeford Savings mascot. He’s not just a cuddly Saint Bernard. He’s a barrel full of financial literacy fun!

As of December 21, 2024
Balances**Interest RateAPY *
$0 to $5,000.991.45%1.46%
$5,001.00 or more0.45%0.45%

Fees may reduce earnings on these savings accounts.

Rates are subject to change after account opening.

*Annual Percentage Yield.

**Annual percentage yield for this tier will range from 0.45% to 1.46% depending on the balance in the account.

1Subject to an “eligible adult” as joint owner with a minor child.

Calculators

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Digital Banking

Manage your money on the go with our free Online Bill Pay and Mobile Check Deposit.
Learn More about digital banking

Checking

Free Checking Accounts, Online Checking Accounts, free Debit Cards and more.
Learn More about Checking

Meet the SBSI banking team

Stay up to date on the latest news

Press Releases

Maine doesn’t require financial education at school. Let’s pick up the slack.
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Saco & Biddeford Savings is Maine’s First Bank to Partner with Greenlight
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Financial Literacy

How to Set-Up Your Young Adult for Financial Independence
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    Explore Youth Savings

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