Competitive Business Deposit Rates
At Machias Savings Bank, we understand that every dollar matters to your business. That’s why we offer competitive deposit rates designed to help you grow your reserves while maintaining the safety and service you expect from a community bank.
Whether you’re looking for a flexible checking account, a high-yield savings vehicle, or a CD strategy that matches your timeline, we have solutions tailored to your business’s unique needs—from startups to established operations, municipal entities to specialized accounts like 1031 exchanges and IOLTA trust accounts.
Ready to make your deposits work harder? Explore our current rates below or contact our business banking team to find the right fit for your business.
Checking Account Rates
Exceptional Checking
| Product | Annual Percentage Yield* | Interest Rate | Minimum Balance to Obtain APY | Minimum Opening Deposit |
|---|---|---|---|---|
| Exceptional | None | None | N/A | $ 500.00 |
| Exceptional Municipal | None | None | N/A | $ 500.00 |
Experienced With Interest Checking
| Product | Annual Percentage Yield* | Interest Rate | Minimum Balance to Obtain APY | Minimum Opening Deposit |
|---|---|---|---|---|
| Experienced with Interest | 0.01% | 0.01% | $0.01 and over | $ 500.00 |
| Experienced Municipal with Interest | 0.01% | 0.01% | $0.01 and over | $ 500.00 |
Total Service Checking
| Product | Annual Percentage Yield* | Interest Rate | Minimum Balance to Obtain APY | Minimum Opening Deposit | ||||
|---|---|---|---|---|---|---|---|---|
| Total Service ** | None | None | N/A | $ 500.00 | ||||
| Total Service Municipal ** | None | None | N/A | $ 500.00 | ||||
| Total Service Plus *** | None | None | N/A | $ 500.00 | ||||
| Total Service Municipal Plus *** | None | None | N/A | $ 500.00 | ||||
| Total Service with Interest | 0.01% | 0.01% | $0.01 and over | $ 500.00 | ||||
| Total Service Municipal with Interest | 0.01% | 0.01% | $0.01 and over | $ 500.00 | ||||
| **Earnings Credit monthly allowance (90% of positive ledger balance x 0.10% x number of days in month/365). The Earnings Credit is used to reduce your service fee. | ||||||||
| ***Earnings Credit monthly allowance (90% of positive ledger balance x 0.10% x number of days in month/365). The Earnings Credit is used to reduce your service fee. Any excess Earnings Credit will be paid to your account as interest. | ||||||||
IOLTA/RAHF Checking
| Product | Annual Percentage Yield* | Interest Rate | Minimum Balance to Obtain APY | Minimum Opening Deposit | ||||
|---|---|---|---|---|---|---|---|---|
| IOLTA/RAHF Checking* | 1.00% | 1.00% | $0.01 and over | $ 500.00 | ||||
| New Hampshire IOLTA Checking** | 2.85% | 2.81% | $0.01 and over | $500.00 | ||||
| *Maine Bar Foundation Trust Account or Realtor Affordable Housing Fund Trust Account | ||||||||
| **New Hampshire Bar Foundation Trust Account | ||||||||
Savings Account Rates
Exceptional Business Savings
| Annual Percentage Yield* | Interest Rate | Minimum Balance to Obtain APY | Minimum Opening Deposit |
|---|---|---|---|
| 0.25% | 0.25% | $0.01 - $24,999.99 | $500.00 |
| 0.40% | 0.40% | $25,000.00 and over | $500.00 |
Exceptional Municipal Savings
| Annual Percentage Yield* | Interest Rate | Minimum Balance to Obtain APY | Minimum Opening Deposit |
|---|---|---|---|
| 0.25% | 0.25% | $0.01 - $24,999.99 | $500.00 |
| 0.40% | 0.40% | $25,000.00 and over | $500.00 |
Essential Business Fund
| Annual Percentage Yield* | Interest Rate | Minimum Balance to Obtain APY | Minimum Opening Deposit |
|---|---|---|---|
| 0.20% | 0.20% | $0.01 - $2,499.99 | $ 2,500.00 |
| 0.25% | 0.25% | $2,500.00 - $24,999.99 | $ 2,500.00 |
| 0.40% | 0.40% | $25,000.00 - $99,999.99 | $ 2,500.00 |
| 0.55% | 0.55% | $100,000.00 and over | $ 2,500.00 |
Essential Municipal Fund
| Annual Percentage Yield* | Interest Rate | Minimum Balance to Obtain APY | Minimum Opening Deposit |
|---|---|---|---|
| 0.20% | 0.20% | $0.01 - $2,499.99 | $ 2,500.00 |
| 0.25% | 0.25% | $2,500.00 - $24,999.99 | $ 2,500.00 |
| 0.40% | 0.40% | $25,000.00 - $99,999.99 | $ 2,500.00 |
| 0.55% | 0.55% | $100,000.00 and over | $ 2,500.00 |
1031 Qualified Exchange
| Annual Percentage Yield* | Interest Rate | Minimum Balance to Obtain APY | Minimum Opening Deposit |
|---|---|---|---|
| 0.25% | 0.25% | $0.01 - $249,999.99 | $ 25,000.00 |
| 2.00% | 1.98% | $250,000.00 and over | $ 25,000.00 |
High Yield Savings
| Annual Percentage Yield* | Interest Rate | Minimum Balance to Obtain APY | Minimum Opening Deposit |
|---|---|---|---|
| 0.25% | 0.25% | $0.01 - $49,999.99 | $ 50,000.00 |
| 2.45% | 2.42% | $50,000.00 - $99,999.99 | $ 50,000.00 |
| 2.80% | 2.76% | $100,000.00 - $249,999.99 | $ 50,000.00 |
| 3.05% | 3.00% | $250,000.00 and over | $ 50,000.00 |
ICS/DDM Rates
ICS Money Fund
| Annual Percentage Yield* | Interest Rate | Minimum Opening Deposit |
|---|---|---|
| 0.20% | 0.20% | $100,000.00 |
ICS/DDM Checking
| Annual Percentage Yield* | Interest Rate | Minimum Opening Deposit |
|---|---|---|
| 0.15% | 0.15% | $100,000.00 |
*Annual Percentage Yield is calculated if interest remains on deposit. Interest rates and Annual Percentage Yields are accurate as of 08/01/2026. Additional disclosures and requirements contained in our Deposit Account Agreement, Individual Account Disclosures and in our General Service Fee Schedule, including fees, payment of interest, calculations and compounding of interest and other Account terms and conditions. Rates are subject to change without notice. Early withdrawal of principal on term deposits, including CDs and IRAs can result in penalties. Further information can be found in the Account Terms and Conditions. Fees may reduce earnings.
