December 2014 | view this story as a .pdf
We just want to be your banker.
From Staff & Wire Reports
As 2015 dawns, it’s great to see Maine depositors in the driver’s seat. Consider the banks and credit unions fighting for our business: 1) Just open an eChecking account at Bath Savings, and they’ll donate $25 to a charity of your choice. 2) Bankers’ hours? At Five County Credit Union, nine locations are open six days a week, till 8 p.m. 3) At Key Bank of Maine, Key Privilege Accounts have no fee, free checks, and a free safe-deposit box. 4) At Bank of Maine, they have no account fees, period. Not only that, they want to pay you cash rewards. Set up an account, set up a direct deposit, pay five bills electronically, and swipe your debit card 10 times and earn $150 cash in your account. If you don’t like free money, stop reading right now.
ANDROSCOGGIN BANK
androscogginbank.com
Branches: 12; Minimum ATM withdraw: $20; Non-customer ATM charge: $3; Refund ATM surcharges: Yes, except with Blue Wave Basic account.
Checking account fee: $5 for Blue Wave Basic account.
Highest savings account APY & terms: .07% with balance of $100,000.
Credit card APRs for A, B, C credit scores: N/A
Best APR for 60-month auto loan: 7.85%
Lowest 30-year fixed rate res. mortgage APR: 4.148%
Lowest res. mortgage APR & terms: 3.290%,
15-year fixed.
Highest APY opportunity: 3%, high 5-year CD,
minimum deposit $2,500.
Highest CD APY & terms: 3%, high 5-year CD,
minimum deposit $2,500.
Best APY for 12-month IRA: 0.2%
Electronic check scanning on mobile devices: Yes
Breakout advantage: “Our clients choose Androscoggin Bank because they get sage advice and results-driven solutions from smart, responsive bankers.”
–Melissa Rock
AROOSTOOK COUNTY FEDERAL SAVINGS
yourhomebank.com
Branches: 2; Minimum ATM withdraw: $20; Non-customer ATM charge: $2; Refund ATM surcharges: Yes
Checking account fee: None with $250 minimum balance; no minimum balance required for account holders 55 or older.
Highest savings account APY & terms: 0.15%, Passbook account, $5 deposit to open.
Credit card APRs for A, B, C credit scores: N/A
Best APR for 60-month auto loan: 2.5%-6.5%
Lowest 30-year fixed rate res. mortgage APR: N/A
Lowest res. mortgage APR & terms: 2%, 6-month, adjustable up to 30-year.
Highest APY opportunity: 1.89%, 5-year CD.
Highest CD APY & terms: 1.89%, 5-year CD.
Best APY for 12-month IRA: 1.28%
Electronic check scanning on mobile devices: No
Breakout advantage: “We don’t sell our loans to the secondary market; we keep all our loans in house.”
–Iris Pelletier.
AUBURN SAVINGS BANK
auburnsavings.com
Branches: 2; Minimum ATM withdraw: $10; Non-customer ATM charge: $2; Refund ATM surcharges: No
Checking account fee: No
Highest savings account APY & terms: Maestro Money Market 0.35% for $200,000 minimum, checking account required.
Credit card APRs for A, B, C credit scores: N/A
Best APR for 60-month auto loan: 4.250% for a 2013+
vehicle; 4% with payment withdrawal from an
Auburn Savings deposit account.
Lowest 30-year fixed rate res. mortgage APR: 4.550%
Lowest res. mortgage APR & terms: 3.710%,
15-year fixed.
Highest APY opportunity: 1.45%, 5-year special CD & IRA, minimum $500 deposit.
Highest CD APY & terms: 1.45%, 5-year special CD & IRA, minimum $500 deposit.
Best APY for 12-month IRA: 0.41%
Electronic check scanning on mobile devices: No
Breakout advantage: “We offer free checking accounts, no monthly service charge, and no minimum balances.”–Crystal McCormick.
BANGOR SAVINGS
bangor.com
Branches: 57; Minimum ATM withdraw: $20; Non-customer ATM charge: $3.50; Refund ATM surcharges: Yes
Checking account fee: No
Highest savings account APY & terms: .08%, balance of $25 or more.
Credit card APRs for A, B, C credit scores: 9.99%-20.99%
Best APR for 60-month auto loan: 3.88% for a new car.
Lowest 30-year fixed rate res. mortgage APR: 4.06%
Lowest res. mortgage APR & terms: 3.41%, 10-year fixed.
Highest APY opportunity: 1.26%, 5-year CD, as a Benefit Plus Customer.
Highest CD APY & terms: 1.26%, 5-year CD, as a Benefit Plus Customer.
Best APY for 12-month IRA: 0.10%, for balances $25,000+.
Electronic check scanning on mobile devices: Yes
Breakout advantage: “We’ve got branches all over the state and all the large-bank capabilities, but we still have small-town service, wonderful online banking, and debit cards are free anywhere in the world because we’ll refund any charge.”–Lillian Cote.
BANK OF AMERICA
bankofamerica.com
Branches: 13; Minimum ATM withdraw: $20; $10 at Falmouth branch; Non-customer ATM charge: $2.50; Refund ATM surcharges: No
Checking account fee: None with $300 balance;
otherwise, $5.
Highest savings account APY & terms: 0.03%, Rewards Money Market, minimum $25 deposit.
Credit card APRs for A, B, C credit scores: 11.99% to 21.99%
Best APR for 60-month auto loan: 2.34% for a new car; 2.49% for a used car.
Lowest 30-year fixed rate res. mortgage APR: 4.125%
Lowest res. mortgage APR & terms: 3.424%, 15-year fixed.
Highest APY opportunity: 0.15%, 4-year CD.
Highest CD APY & terms: 0.15%, 4-year CD.
Best APY for 12-month IRA: 0.08%, minimum
$2,000 deposit.
Electronic check scanning on mobile devices: Yes
Breakout advantage: “Our purpose is to help connect our customers and clients to what matters most to them.”
BANK OF MAINE
thebankofmaine.com
Branches: 24; Minimum ATM withdraw: $20; Non-customer ATM charge: $3; Refund ATM surcharges: Yes
Checking account fee: No
Highest savings account APY & terms: .05%, regular statement savings.
Credit card APRs for A, B, C credit scores: 9.99%
to 20.99%
Best APR for 60-month auto loan: 5.5%
Lowest 30-year fixed rate res. mortgage APR: 4.19%
Lowest res. mortgage APR & terms: 3.48%, 15-year fixed.
Highest APY opportunity: 1.56%, 5-year CD.
Highest CD APY & terms: 1.56%, 5-year CD.
Best APY for 12-month IRA: .55%
Electronic check scanning on mobile devices: Yes
Breakout advantage: “No account fees, period. And we have cash rewards. Set up an account, set up a direct deposit, pay five bills electronically, and swipe your debit card 10 times as credit transactions, and you’ll see $150 show up in your account.”–Chad Daley
BAR HARBOR BANK & TRUST
bhbt.com
Branches: 20; Minimum ATM withdraw: $10; Non-customer ATM charge: $3.50; Refund ATM surcharges: Yes
Checking account fee: None for Simple Choice Checking.
Highest savings account APY & terms: .07%, $25 minimum deposit.
Credit card APRs for A, B, C credit scores: 9.99%
to 20.99%
Best APR for 60-month auto loan: 4.99%
Lowest 30-year fixed rate res. mortgage APR: 4.167%
Lowest res. mortgage APR & terms: 3.504%, 15-year fixed.
Highest APY opportunity: 1.5%, 60+ month IRA.
Highest CD APY & terms: 1.5%, 5-year CD, $500 minimum.
Best APY for 12-month IRA: .23%
Electronic check scanning on mobile devices: Yes
Breakout advantage: “We’re in an extensive network of community banks so free ATMs are widely available. Our electronic check-scanning app for mobile devices is a great convenience considering the distance you may be from one of our branches.”–Michelle Curtis
BATH SAVINGS INSTITUTION
bathsavings.com
Branches: 9; Minimum ATM withdraw: $5; Non-customer ATM charge: $2; Refund ATM surcharges: In some circumstances.
Checking account fee: None for regular account with $100 balance; otherwise $6.50.
Highest savings account APY & terms: 0.12%, Super Savings account.
Credit card APRs for A, B, C credit scores: N/A
Best APR for 60-month auto loan: 3.041%
Lowest 30-year fixed rate res. mortgage APR: 4.177%
Lowest res. mortgage APR & terms: 3.032%,
5-year adjustable.
Highest APY opportunity: 0.95%, 5.75-year CD.
Highest CD APY & terms: 0.95%, 5.75-year CD, minimum $500 deposit.
Best APY for 12-month IRA: 0.20%
Electronic check scanning on mobile devices: Yes
Breakout advantage: “We like to help our customers as well as the community. When you open an eChecking account, we donate $25 to a non-profit of your choice.”–Debbie Anderson.
BIDDEFORD SAVINGS
biddefordsavings.com
Branches: 6; Minimum ATM withdraw: $20; Non-customer ATM charge: $2.50; Refund ATM surcharges: No, but eStatements have free worldwide ATM use. Checking account fee: No
Highest savings account APY & terms: 0.30%
Credit card APRs for A, B, C credit scores: 13.99% to 17.99%
Best APR for 60-month auto loan: 3.5%
Lowest 30-year fixed rate res. mortgage APR: 4.184%
Lowest res. mortgage APR & terms: 3.289%, 15-year fixed.
Highest APY opportunity: 1.76%, 5-year CD, minimum $1,500 deposit.
Highest CD APY & terms: 1.76%, 5-year CD, minimum $1,500 deposit.
Best APY for 12-month IRA: 0.4%
Electronic check scanning on mobile devices: Yes
Breakout advantage: “I believe we really try to strive for great customer service. The staff is really friendly.”–Lisa Caldwell.
CAMDEN NATIONAL BANK
camdennational.com
Branches: 44; Minimum ATM withdraw: $20; Non-customer ATM charge: $3.50; Refund ATM surcharges: No
Checking account fee: $8 for paper checking; none with $500 balance; none for eChecking and Students.
Highest savings account APY & terms: 0.10%, HSA, $5,000 minimum balance.
Credit card APRs for A, B, C credit scores: 9.99% to 20.99%
Best APR for 60-month auto loan: 6%
Lowest 30-year fixed rate res. mortgage APR: 4%
Lowest res. mortgage APR & terms: 3.1%, 10-year fixed.
Highest APY opportunity: 1.56%, 5-year CD, $500 minimum.
Highest CD APY & terms: 1.56%, 5-year, $500 minimum.
Best APY for 12-month IRA: .15%
Electronic check scanning on mobile devices: Yes
Breakout advantage: “We have all the latest technology and branches from Kennebunk up the coast and inland to Lewiston/Auburn, Augusta, and Bangor.”
GORHAM SAVINGS BANK
gorhamsavingsbank.com
Branches: 11; Minimum ATM withdraw: $20 Non-customer ATM charge: $2.95; Refund ATM surcharges: Yes
Checking account fee: $5 for paper statements.
Highest savings account APY & terms: .25%, $75,000 minimum.
Credit card APRs for A, B, C credit scores: 9.99%
to 17.99%
Best APR for 60-month auto loan: 3.25% for a new car.
Lowest 30-year fixed rate res. mortgage APR: 4.04%
Lowest res. mortgage APR & terms: 2.99%, 10-year fixed.
Highest APY opportunity: 1.30%, 60-month CD, minimum $500.0
Highest CD APY & terms: 1.30%, 60-month,
minimum $500.
Best APY for 12-month IRA: .40%
Electronic check scanning on mobile devices: Yes
Breakout advantage: “We have a smart phone app that’s handing for transferring between accounts when you’re traveling.”–Anna Davis
KENNEBUNK SAVINGS
kennebunksavings.com
Branches: 13; Minimum ATM withdraw: $20; Non-customer ATM charge: $3; Refund ATM surcharges: Yes
Checking account fee: No
Highest savings account APY & terms: 0.10%, $5,000 minimum balance.
Credit card APRs for A, B, C credit scores: 9.99%
to 20.99%
Best APR for 60-month auto loan: 4.79%
Lowest 30-year fixed rate res. mortgage APR: 4.041%
Lowest res. mortgage APR & terms: 3.322%,
15-year fixed.
Highest APY opportunity: 1.31%, 5-year IRA/CD.
Highest CD APY & terms: 1.31%, 5-year CD.
Best APY for 12-month IRA: 0.4%
Electronic check scanning on mobile devices: Yes
Breakout advantage: “You get a bank where people know your name, but all the service of a big bank.”
–Heather Harris.
KEY BANK
keybank.com
Branches: 53; Minimum ATM withdraw: $20; Non-customer ATM charge: $2.75; Refund ATM surcharges: With some accounts.
Checking account fee: None for Privilege Checking.
Highest savings account APY & terms: .05%, for
$2,500 minimum.
Credit card APRs for A, B, C credit scores: 11.99%
to 21.99%
Best APR for 60-month auto loan: 3.24%
Lowest 30-year fixed rate res. mortgage APR: 4.125%
Lowest res. mortgage APR & terms: 3.42%, 15-year fixed.
Highest APY opportunity: .69%, minimum deposit $2,500.
Highest CD APY & terms: .85%, 5-year, minimum deposit $100,000.
Best APY for 12-month IRA: 0.2%
Electronic check scanning on mobile devices: Yes
Breakout advantage: “Key Privilege Accounts have no monthly fee, free checks, and a free safe deposit box.”–Sandy Walsh
NORWAY SAVINGS BANK
norwaysavingsbank.com
Branches: 24; Minimum ATM withdraw: $20; Non-customer ATM charge: $2; Refund ATM surcharges: Yes, up to $20.
Checking account fee: No
Highest savings account APY & terms: .35%, IRA Savings account.
Credit card APRs for A, B, C credit scores: N/A
Best APR for 60-month auto loan: 2.99%
Lowest 30-year fixed rate res. mortgage APR: 4.282%
Lowest res. mortgage APR & terms: 3.431%, 15-year fixed.
Highest APY opportunity: .95%, 5-year CD/IRA.
Highest CD APY & terms: .95%, 5-year CD.
Best APY for 12-month IRA: .25%, Premium IRA.
Electronic check scanning on mobile devices:Yes
Breakout advantage: “We have one of the best locations for working with people and businesses in Western and Southern Maine. We offer the same technology as a big bank, but we’re a small bank.”–Karen Hakala.
Northeast Bank
northeastbank.com
Branches: 10; Minimum ATM withdraw: $20; Non-customer ATM charge: $2.00; Refund ATM surcharges: Yes
Checking account fee: No
Highest savings account APY & terms: 0.35%, $100,000 minimum balance.
Credit card APRs for A, B, C credit scores: N/A
Best APR for 60-month auto loan: 6.131%
Lowest 30-year fixed rate res. mortgage APR: 4.25%
Lowest res. mortgage APR & terms: 3.25%, 10 year fixed.
Highest APY opportunity: 1.4%, 5-year CD.
Highest CD APY & terms: 1.4%, 5-year CD.
Best APY for 12-month IRA: 0.2%
Electronic check scanning on mobile devices: No
Breakout advantage: “Providing in-depth commercial lending solutions with unique expertise in SBA loan programs.”
PEOPLE’S UNITED BANK
peoples.com
Branches: 8; Minimum ATM withdraw: $10; Non-customer ATM charge: $2.50; Refund ATM surcharges: With some accounts.
Checking account fee: $12; $0 if 65 or older, minimum balance is maintained, or use of direct deposit.
Highest savings account APY & terms: 0.1% with $10,000 minimum balance.
Credit card APRs for A, B, C credit scores: 13.99% to 18.99%
Best APR for 60-month auto loan: 7.49% for a new car.
Lowest 30-year fixed rate res. mortgage APR: 3.940%
Lowest res. mortgage APR & terms: 3.240%, 15-year fixed.
Highest APY opportunity: 1%, 5-year CD.
Highest CD APY & terms: 1.0%, 5-year%
Best APY for 12-month IRA: 0.3%
Electronic check scanning on mobile devices: Yes.
Breakout advantage: “At People’s United Bank, we believe that, by offering empathy and expertise to our customers, giving back as partners in our communities, and valuing the know-how of our employees, we all succeed together.”
SACO & BIDDEFORD SAVINGS
sbsavings.com
Branches: 6; Minimum ATM withdraw: $5; Non-customer ATM charge: $3.50; Refund ATM surcharges: No
Checking account fee: $3, unless the minimum balance is maintained.
Highest savings account APY & terms: 0.4%, Mainely Preferred account, $100,000 minimum.
Credit card APRs for A, B, C credit scores: N/A
Best APR for 60-month auto loan: 3.5% for a new car.
Lowest 30-year fixed rate res. mortgage APR: 4.175%
Lowest res. mortgage APR & terms: 3.337%, 15-year fixed.
Highest APY opportunity: 1.76%, 5-year CD.
Highest CD APY & terms: 1.76%, 5-year CD.
Best APY for 12-month IRA: .45%
Electronic check scanning on mobile devices: No.
Breakout advantage: “Our branches open at 7:30 on Sunday mornings, and we have some very competitive savings products.”–Cathy White
SANFORD INSTITUTION FOR SAVINGS
banksis.com
Branches: 8; Minimum ATM withdraw: $20; Non-customer ATM charge: $3; Refund ATM surcharges: Yes, with Ultimate Checking.
Checking account fee: No
Highest savings account APY & terms: .08%, Money Market savings, $200,000 minimum balance.
Credit card APRs for A, B, C credit scores: 10.99% – 21.99%
Best APR for 60-month auto loan: 3.0%
Lowest 30-year fixed rate res. mortgage APR: 4.169%
Lowest res. mortgage APR & terms: 3.327%,
15-year fixed.
Highest APY opportunity: 2.27%, 10-year Silver Link CD III, $10,000 minimum balance.
Highest CD APY & terms: 2.27%, 10-year Silver Link CD III, $10,000 minimum balance.
Best APY for 12-month IRA: .04%, $5,000 minimum.
Electronic check scanning on mobile devices: Yes
Breakout advantage: “You’re always going to get a person when you call us, but we are up on all the latest electronic banking technology. The mobile apps are really handy.” Rachel Perez.
TD BANK
tdbank.com
Branches: 40; Minimum ATM withdraw: $20; Non-customer ATM charge: $3; Refund ATM surcharges: with certain accounts.
Checking account fee: Free with minimum $100 balance.
Highest savings account APY & terms: .40%
Credit card APRs for A, B, C credit scores: 9.24% – 23.24%
Best APR for 60-month auto loan: 3.99%
Lowest 30-year fixed rate res. mortgage APR: 4.06%
Lowest res. mortgage APR & terms: 3.3%, 15-year fixed.
Highest APY opportunity: 1.25%, 7-year CD, minimum deposit $250.
Highest CD APY & terms: 1.25%, 7-year CD, minimum deposit $250.
Best APY for 12-month IRA: .25%, minimum deposit $250.
Electronic check scanning on mobile devices: Yes
Breakout advantage: “Almost all of our branches all have Saturday and Sunday hours.”
–Christina O’Brien
CREDIT UNIONS
ACADIA FEDERAL CREDIT UNION
acadiafcu.org
Branches: 5; Minimum ATM withdraw: $10; Non-customer ATM charge: $1.50; Refund ATM surcharges: No. Checking account fee: No
Highest savings account APY & terms: .25%
Credit card APRs for A, B, C credit scores: As low
as 10.90%.
Best APR for 60-month auto loan: 2.99%, 2007 car
or newer.
Lowest 30-year fixed rate res. mortgage APR: 5.64%, with 20% down payment.
Lowest res. mortgage APR & terms: 5.30%, 10-year fixed, 20% down payment.
Highest APY opportunity: 2.02%, 5-year CD.
Highest CD APY & terms: 2.02%, 5-year CD.
Best APY for 12-month IRA: .40%
Electronic check scanning on mobile devices: Yes
Breakout advantage: “We get a lot of compliments because we really go out of our way for our members.”–Linda Bechard
ATLANTIC REGIONAL FEDERAL CREDIT UNION
atlanticregional.com
Branches: 4; Minimum ATM withdraw: $10; Non-customer ATM charge: $2.50; Refund ATM surcharges: Yes, up to $20 per month.
Checking account fee: No
Highest savings account APY & terms: .10%
Credit card APRs for A, B, C credit scores: 9.99% to 22.99%
Best APR for 60-month auto loan: 2.74%
Lowest 30-year fixed rate res. mortgage APR: 4%
Lowest res. mortgage APR & terms: 2.40%, 7-year fixed.
Highest APY opportunity: 1.35%, 5-year Step-up
CD/IRA.
Highest CD APY & terms: 1.35%, 5-year Step-up CD.
Best APY for 12-month IRA: 0.4%
Electronic check scanning on mobile devices: Yes
Breakout advantage: “Our personal service.”– Roger Sirois.
BANGOR FEDERAL CREDIT UNION
bangorfederal.com
Branches: 3; Minimum ATM withdraw: $10; Non-customer ATM charge: $2.50; Refund ATM surcharges: No
Checking account fee: No
Highest savings account APY & terms: 0.25%, Money Market account, $25,000 minimum balance.
Credit card APRs for A, B, C credit scores: 7.9% to 10.9%
Best APR for 60-month auto loan: 3.49%, 2011
car or newer.
Lowest 30-year fixed rate res. mortgage APR: N/A
Lowest res. mortgage APR & terms: 3.75%, 20-year fixed.
Highest APY opportunity: 1.46%, 5-year Jumbo CD, $100,000 minimum balance.
Highest CD APY & terms: 1.46%, 5-year Jumbo CD, $100,000 minimum balance.
Best APY for 12-month IRA: .25%, $25,000 minimum balance.
Electronic check scanning on mobile devices: Yes
Breakout advantage: “We’re in the Share network so you can access your account information from any credit union in the country. And we keep our loans in-house, so 20 years is our max.”–Ray Bean
cPORT CREDIT UNION
cportcu.org
Branches: 4; Minimum ATM withdraw: $10; Non-customer ATM charge: $3; Refund ATM surcharges: Circumstantial.
Checking account fee: No
Highest savings account APY & terms: 0.4%, Money Market Plus account, $100,000 minimum balance.
Credit card APRs for A, B, C credit scores: 9.99% to 17.99%
Best APR for 60-month auto loan: 2.99%
Lowest 30-year fixed rate res. mortgage APR: 4%
Lowest res. mortgage APR & terms: 3.125%,
15-year fixed.
Highest APY opportunity: 1.60%, 5-year classic
annual CD.
Highest CD APY & terms: 1.60%, 5-year classic
annual CD.
Best APY for 12-month IRA: 0.2%
Electronic check scanning on mobile devices: Yes
Breakout advantage: “We know most of our members by name and by face. People really enjoy the family feel they have when they come in.”–Missy Tasker
CUMBERLAND COUNTY CREDIT UNION
cumberlandcountyfcu.com
Branches: 5; Minimum ATM withdraw: $20; Non-customer ATM charge: Depends on the ATM location; Refund ATM surcharges: No
Checking account fee: No
Highest savings account APY & terms: 0.3%, $75,000 minimum balance.
Credit card APRs for A, B, C credit scores: N/A
Best APR for 60-month auto loan: 2.45%, New/Used car under 5 years old.
Lowest 30-year fixed rate res. mortgage APR: 4.074%
Lowest res. mortgage APR & terms: 3.167%,
10-years fixed.
Highest APY opportunity: 1.87%, 5-year CD/IRA, $75,000 minimum deposit.
Highest CD APY & terms: 1.87%, 5-year CD, $75,000 minimum deposit.
Best APY for 12-month IRA: 0.65%
Electronic check scanning on mobile devices: No
Breakout advantage: “We’re a credit union so we’re not for profit.”–Debbie Martin.
FIVE COUNTY CREDIT UNION
fivecounty.com
Branches: 15; Minimum ATM withdraw: as low as $5 depending on location; Non-customer ATM charge: $3; Refund ATM surcharges: No
Checking account fee: No
Highest savings account APY & terms: .15% with no minimum balance; .25% with $5,000 minimum balance.
Credit card APRs for A, B, C credit scores: 13.75% to 19.9%
Best APR for 60-month auto loan: As low as 2.5%.
Lowest 30-year fixed rate res. mortgage APR: 4.125%
Lowest res. mortgage APR & terms: 3.125%,
10-year fixed.
Highest APY opportunity: 1.06%, 5-year CD, $100,000 minimum balance.
Highest CD APY & terms: 1.06%, 5-year CD, $100,000 minimum balance.
Best APY for 12-month IRA: .35%, $100,000 minimum balance.
Electronic check scanning on mobile devices: No
Breakout advantage: “We have nine locations and a full-service call center that are open six days a week, Monday through Saturday, until 8:00 p.m., and this includes most holidays.”–Mike Foley
KV FEDERAL CREDIT UNION
kvfcu.org
Branches: 2; Minimum ATM withdraw: $5; Non-customer ATM charge: $1; Refund ATM surcharges: No
Checking account fee: No
Highest savings account APY & terms: .15 %, $2,500 minimum balance.
Credit card APRs for A, B, C credit scores: 11.9% to 15.9%
Best APR for 60-month auto loan: 3.49%
Lowest 30-year fixed rate res. mortgage APR: 4.2%
Lowest res. mortgage APR & terms: 2.99%, 10-year fixed.
Highest APY opportunity: 1.85%, 5-year CD.
Highest CD APY & terms: 1.85%, 5-year CD.
Best APY for 12-month IRA: 0.4%
Electronic check scanning on mobile devices: No
Breakout Advantage: “More of a personal feel–we know our members by name.”– Jake Rollins.
LINCOLN MAINE FEDERAL CREDIT UNION
lincolnmainefcu.com
Branches: 1; Minimum ATM withdraw: $1; Non-customer ATM charge: $1.50; Refund ATM surcharges: Yes
Checking account fee: No
Highest savings account APY & terms: .25%
Credit card APRs for A, B, C credit scores: 7.9%-18%
Best APR for 60-month auto loan: 2.99%
Lowest 30-year fixed rate res. mortgage APR: N/A
Lowest res. mortgage APR & terms: 4.75%,
0-15 years fixed.
Highest APY opportunity: 1.75%, 5-year CD.
Highest CD APY & terms: 1.75%, 5-year CD.
Best APY for 12-month IRA: N/A
Electronic check scanning on mobile devices: Yes
Breakout advantage: We keep our mortgages in-house, which is one reason people come to us; it’s a personal service.”–Wendy Oldenburgh
LISBON COMMUNITY FEDERAL CREDIT UNION
lisboncu.org
Branches: 2; Minimum ATM withdraw: $10; Non-customer ATM charge: Circumstantial; Refund ATM surcharges: No
Checking account fee: None with $300 balance.
Highest savings account APY & terms: .35%, with Money Market account, $100,000 minimum balance.
Credit card APRs for A, B, C credit scores: From 13.90%.
Best APR for 60-month auto loan: 3.5%, 2011 cars or newer.
Lowest 30-year fixed rate res. mortgage APR: 4.072%
Lowest res. mortgage APR & terms: 3.372%,
15-year fixed.
Highest APY opportunity: 1.510%, 5-year CD.
Highest CD APY & terms: 1.51%, 5-year CD,
$1,000 minimum.
Best APY for 12-month IRA: .45%
Electronic check scanning on mobile devices: No
Breakout advantage: “We have Saturday hours and we’re proud of our customer service. You won’t get a voice recording when you call unless we’re closed!”–Sarah Wellington.
PEOPLESCHOICE CREDIT UNION
peopleschoicecreditunion.com
Branches: 4; Minimum ATM withdraw: $10; Non-customer ATM charge: $2; Refund ATM surcharges: No
Checking account fee: $5.95; $0 with e-pay of three bills per month.
Highest savings account APY & terms: 0.5%, Money Market savings, $250,000 minimum balance.
Credit card APRs for A, B, C credit scores: 9.9% to 29.99%
Best APR for 60-month auto loan: 3.29%
Lowest 30-year fixed rate res. mortgage APR: 2.39%
(36 months).
Lowest res. mortgage APR & terms: 3.50%, 15-year fixed
Highest APY opportunity: 2.78%, 10-year CD, $500 minimum balance.
Highest CD APY & terms: 2.78%, 120-month CD, $500 minimum balance.
Best APY for 12-month IRA: 0.5%, $75,000 minimum.
Electronic check scanning on mobile devices: No.
Breakout advantage: “We’re competitive with our rates, we have no fees on our loans, and we have no-fee Visa, which is hard to find.”–Nancy Greenleaf.
TOWN & COUNTRY FEDERAL CREDIT UNION
tcfcu.com
Branches: 6; Minimum ATM withdraw: $1; Non-customer ATM charge: $2; Refund ATM surcharges: Yes, with Rewards Checking.
Checking account fee: No
Highest savings account APY & terms: .15%, $25 minimum deposit.
Credit card APRs for A, B, C credit scores:
As low as 8.90%.
Best APR for 60-month auto loan: 2.49% for new car; 2.99% for used car.
Lowest 30-year fixed rate res. mortgage APR: 4.5%
Lowest res. mortgage APR & terms: 3.99% 15-year fixed
Highest APY opportunity: 3.01%, up to $10,000, with Rewards Checking.
Highest CD APY & terms: 1.5%, 5-year CD.
Best APY for 12-month IRA: 0.5%
Electronic check scanning on mobile devices: Yes
Breakout advantage: “We find that people are really glad to have their mortgage held by their own bank where they can walk right in and talk to us. The level of complaints about by the giant national lenders has really gone up.”–Mike Martin
UNIVERSITY CREDIT UNION
ucu.maine.edu
Branches: 8; Minimum ATM withdraw: $5, or 20; Non-customer ATM charge: $2; Refund ATM surcharges: In some circumstances.
Checking account fee: No
Highest savings account APY & terms: .76%, RewardU Saver, up to $15,000.
Credit card APRs for A, B, C credit scores: 7.99% to 17.99%; 3.99% APR intro rate on balance transfers.
Best APR for 60-month auto loan: 3.74%, $7,500 minimum loan amount, and a monthly payment of $18.30 per $1,000.
Lowest 30-year fixed rate res. mortgage APR: 4.229%
Lowest res. mortgage APR & terms: 3.251%, 10-year fixed.
Highest APY opportunity: 1.20%, 5-year CD/IRA.
Highest CD APY & terms: 1.20%, 5-year CD.
Best APY for 12-month IRA: 0.3%
Electronic check scanning on mobile devices: Yes
Breakout advantage: “We’re local, and not-for-profit while also having the ability to serve members across the U.S. We have cutting edge technology to make banking easier.”–Amy Irish n
–Research by Cody Marcroft
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