- Personal
- Business
- Home Lending
- Digital
Account Login
Account Login
The first step to securing a stable financial future is putting an effective savings plan in place. Support your longer-term plan with an IRA that will guide you toward your goals.
Invest in the well-being of your family by making steady contributions to this reliable retirement savings option. Earnings will grow over time while you benefit from tax advantages.
*Funds in excess of $250,000 are insured with private insurance from Excess Insurance Corporation
Not only can a Roth IRA help with retirement needs, but also a first-time home purchase or other financial goals. This flexibility makes the Roth IRA appealing to many different age and income groups. Although it’s not a one-size-fits-all solution, the Roth IRA may give you an easy and safe way to plan for your future.
Watching your child earn a college degree is a dream of many parents, but the cost can be overwhelming. A Coverdell Education Savings Account (ESA) can be a smart way to save.
Additional Details
Note: You may be subject to a 10% early distribution penalty tax on any taxable amount taken from either a Traditional or Roth IRA before you reach age 59 1/2, unless you qualify for one of these penalty exceptions: disability, certain health insurance costs, certain medical expenses, higher education expenses, first-time homebuyer expenses, substantially equal periodic payments, IRS tax levy, qualified military reservist distributions, or death.
Effective Date: Saturday, December 21, 2024
| Dividend Rate | APY | Minimum to Open | Minimum to Earn Dividends | |
|---|---|---|---|---|
| 6 month (not available for IRA) | 3.00% | 3.04% | $500 * | $500 |
| 1 year | 2.00% | 2.02% | $500 * | $500 |
| 18 month | 2.10% | 2.12% | $500 * | $500 |
| 2 year | 2.30% | 2.32% | $500 * | $500 |
| 8 Month (not available for IRA) | 3.25% | 3.30% | $500 * | $500 |
| 3 year | 2.40% | 2.43% | $500 * | $500 |
| 4 year | 2.50% | 2.53% | $500 * | $500 |
| 5 year | 2.60% | 2.63% | $500 * | $500 |
| 66 Month | 2.60% | 2.63% | $500 * | $500 |
For Share Certificate and IRA Certificate accounts (SC), the amount of the early withdrawal penalty will be as follows on the amount withdrawn (whether earned or not): Less than 6-month SC will result in a 3-month early withdrawal penalty (90 days); 6–18 month SC will result in a 6-month early withdrawal penalty (180 days); Any SC greater than 18 months–66 months will result in a 12-month early withdrawal penalty (365 days).
Owner’s Advantage Account (OAA) Product has been discontinued as of 10/1/2011. Anyone who currently has an OAA Share or IRA Certificate of Deposit will continue to receive the additional 0.10% rate on any renewal of the existing funds. There is no additional 0.10% rate increase on any new money that is invested in a Share or IRA Certificate of Deposit.
Please be advised that you will no longer be subject to, or under the protection of, the privacy and security policies of the Maine Savings website. We encourage you to read the privacy and security policies of the site you are entering, which may be different than those of Maine Savings.