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Last Updated: 04/18/2025

Norway Savings Bank Savings Accounts

from Norway Savings Bank

Last Updated: 04/18/2025

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Highlights

APY (Annual Percentage Yield)

0.03% - 0.15%(Verified 06/21/2024)

Minimum Opening Deposit

$1 - $25

Minimum Balance to Earn APY

N/A

Norway Savings Bank Savings Accounts Review

Norway Savings Bank Savings Accounts is offered by Norway Savings Bank, a bank founded in 1866 and based in Norway, ME. norway savings bank are available in 50 states and Washington, DC.

Key Takeaways

Low interest rate. The maximum annual percentage yield for this account is only 0.15%.
Charges a monthly fee. This account charges a monthly fee of up to $10.
Small minimum initial deposit. You only need $1 to open an account.

norway savings bank Pros & Cons

Pros

Cons

Available in 50 states and Washington, DC.
Interest-yielding account.

Does not offer mobile check deposits.
Does not provide access to a nationwide ATM network.
Does not come with a debit card
No signup bonus.

norway savings bank FAQ

Are savings accounts from norway savings bank federally insured?

Yes, your Norway Savings Bank savings accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

Does Norway Savings Bank offer a signup bonus?

norway savings bank doesn't offer a signup bonus.

What is the minimum initial deposit for norway savings bank?

The minimum deposit to open a norway savings bank is $1.

Norway Savings Bank Savings Accounts Minimums

Description

Minimum Average Balance to Avoid Monthly Service Fee

Up to $5,000

Minimum Opening Deposit

$1 - $25

What APY does Norway Savings Bank Savings Accounts offer?

norway savings bank offers a variable APY starting at 0.03% and ranging up to 0.15% (APY stands for annual percentage yield, rates may change).

What fees does norway savings bank charge?

norway savings bank does not charge a monthly service fee. See the fee breakdown section below to view all fees.

Can you set up a direct deposit to norway savings bank?

Yes, you can typically set up a direct deposit to this account. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.

What is the customer support email for norway savings bank?

The customer support email for norway savings bank is customercare@norwaysavingsbank.com.

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Contact

Headquarters

261 Main St

Norway, ME 04268

(888) 725-2207

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Email Support

Hours of Operation

Sunday

Closed

Monday

8:30AM - 4:30PM

Tuesday

8:30AM - 4:30PM

Wednesday

8:30AM - 4:30PM

Thursday

8:30AM - 4:30PM

Friday

8:30AM - 5:00PM

Saturday

8:30AM - 12:00PM

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Other Savings Accounts from Norway Savings Bank

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APY (Annual Percentage Yield)

0.03%

Disclaimer popup with additional information

Minimum Opening Deposit

Starting at $25

Minimum Balance to Earn APY

$25

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Norway Savings Bank GO2 Savings Account

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APY (Annual Percentage Yield)

0.03%

Disclaimer popup with additional information

Minimum Opening Deposit

Starting at $1

Minimum Balance to Earn APY

N/A

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Norway Savings Bank Health Savings Account

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APY (Annual Percentage Yield)

0.03% - 0.20%

Disclaimer popup with additional information

Minimum Opening Deposit

Starting at $25

Minimum Balance to Earn APY

$0.01

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SuperMoney Net Recommendation Score

This product has no reviews yet. Help others by sharing your thoughts.

-1000+100

No one recommends

Everyone recommends

The recommendation score reflects customer satisfaction with a provider. A score of +100 means every customer recommends the provider, while -100 means none of them do. These scores are based entirely on community member votes and are not influenced by partner compensation. SuperMoney removes fake reviews when detected.