Notice: Due to renovations at our Saco Main Street branch, our customer parking lot and the buildings' rear and side entrances will be closed daily from 6:00 a.m. to 12:00 p.m. The drive-up will remain open at this time. To learn more Click Here.
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FDIC-Insured - Backed by the full faith and credit of the U.S. Government

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Youth Savings

Teaching kids the importance of financial independence.

How to Open

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 October 28, 2025
BalancesInterest RateAPY *
$0 to $5,000.991.50%1.51%
$5,001.00 or more0.50%0.50% to 1.51%**

Fees may reduce earnings on these savings accounts.

Rates are subject to change after account opening.

*Annual Percentage Yield.

**The annual percentage yield for this tier will range from 0.50% to 1.51% depending on the account balance.

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

Calculators

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Manage your money on the go with our free Online Bill Pay and Mobile Check Deposit.
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