Rates

Current Interest Rates

Lending Rates:

 

Deposit Rates:

 

Mortgage
We now offer online mortgage applications and pre-approvals at bangormortgage.com. For current rates, more information on our mortgage products, handy financial calculators, and research to help you make an informed decision, visit bangormortgage.com today.

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Benefit Home Equity Flex 

Lock in a low Benefit Home Equity Flex Line of Credit, and enjoy the flexibility of financing things like home improvement, education costs - important stuff. You can draw on the Benefit Home Equity Flex for three years, followed by a ten year repayment period, and your rate won't go up. For additional information email us at lending@bangor.com or call 1.877.Bangor1 (1.877.226.4671).

Annual Percentage Rate Line Amount Maximum
Loan to Value
Standard Relationship Rate
 
4.625% 3.625% 10,000-500,000 85%
 

Prepayment fee of $450 if the line is terminated within the first 36 months. Any applicable origination fee will be waived for borrowers with a Bangor Savings Bank Benefit Plus Checking account and auto-pay of monthly payments. Bangor Savings Bank deposit account and auto-pay required to obtain relationship rate. If determined to be required, valuation of property and/or title insurance may be obtained. Costs may range between $200 to $700. Maximum loan to value is 85 percent of appraised value, including any other existing liens. 3 year advance period followed by a 10-year principal and interest repayment. Available for owner occupied 1 to 4 family residential properties and second homes. Hazard Insurance is required. All loans are subject to credit approval by Bangor Savings Bank. Interest rates and annual percentage rates are subject to change without notice and are accurate as of 2 June 2014.

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Benefit Home Equity Blend 

Our Benefit Home Equity Blend gives you a fixed rate for the first three years so you don't have to worry about fluctuating interest rates. After the fixed rate period, it will then convert to the applicable Benefit Home Equity Variable rate. Plus, you can draw on the line for up to 10 years.

Annual Percentage Rate Line Amount Maximum
Loan to Value
Standard Relationship Rate
 
4.750% 3.750% 10,000-500,000 85%
 

Benefit Home Equity Blend rates are fixed for 36 months then convert to variable rates that can change monthly. The maximum annual percentage rate that may be imposed is 18.000%. The variable rate is tied to the highest domestic Prime Rate published in the “Money Rates” section of the Wall Street Journal, plus or minus a margin.

Prepayment fee of $450 if the line is terminated within the first 36 months. Any applicable origination fee will be waived for borrowers with a Bangor Savings Bank Benefit Plus Checking account and auto-pay of monthly payments. Bangor Savings Bank deposit account and auto-pay required to obtain relationship rate. If determined to be required, valuation of property and/or title insurance may be obtained. Costs may range between $200 to $700. Maximum loan to value is 85 percent of appraised value, including any other existing liens. 10 year advance period followed by a 15-year principal and interest repayment. Available for owner occupied 1 to 4 family residential properties and second homes. Hazard Insurance is required. All loans are subject to credit approval by Bangor Savings Bank. Interest rates and annual percentage rates are subject to change without notice and are accurate as of 2 June 2014.

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Benefit Home Equity Fixed 
Benefit Home Equity Fixed is one of the few equity programs offering a fixed rate for the life of the loan. And because it's a line of credit, not just a loan, you have access to cash whenever you need it. Other advantages include easy terms, fast approval, lines as low as $10,000 and the ability to borrow up to 85% of your homes equity. For additional information email us at lending@bangor.com or call 1.877.Bangor1 (1.877.226.4671).

Annual Percentage Rate Line Amount Maximum
Loan to Value
Standard Relationship Rate
 
5.625% 4.625% 10,000-500,000 85%
 

Prepayment fee of $450 if the line is terminated within the first 36 months. Any applicable origination fee will be waived for borrowers with a Bangor Savings Bank Benefit Plus Checking account and auto-pay of monthly payments. Bangor Savings Bank deposit account and auto-pay required to obtain relationship rate. If determined to be required, valuation of property and/or title insurance may be obtained. Costs may range between $200 to $700. Maximum loan to value is 85 percent of appraised value, including any other existing liens. 7 year advance period followed by a 15-year principal and interest repayment. Available for owner occupied 1 to 4 family residential properties and second homes. Hazard Insurance is required. All loans are subject to credit approval by Bangor Savings Bank. Interest rates and annual percentage rates are subject to change without notice and are accurate as of 2 June 2014.

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Benefit Home Equity Variable

Tap into the equity in your home at competitive rates to fund home improvements, vacations, education, investments, taxes and more. Use it over and over again-even if your first mortgage is not with us. For additional information email us at lending@bangor.com or call 1.877.Bangor1 (1.877.226.4671).

Annual Percentage Rate Line Amount Maximum
Loan to Value
Standard Relationship Rate
 
4.25% (Prime+1.00) 3.25% (Prime) 10,000-500,000 85%
 

Prepayment fee of $450 if the line is terminated within the first 36 months. Any applicable origination fee will be waived for borrowers with a Bangor Savings Bank Benefit Plus Checking account and auto-pay of monthly payments. Bangor Savings Bank deposit account and auto-pay required to obtain relationship rate. If determined to be required, valuation of property and/or title insurance may be obtained. Costs may range between $200 to $700. Maximum loan to value is 85 percent of appraised value, including any other existing liens. 10 year advance period followed by a 15-year principal and interest repayment. Available for owner occupied 1 to 4 family residential properties and second homes. Hazard Insurance is required. The maximum annual percentage rate that may be imposed is 18.000%. The variable rate is tied to the highest domestic Prime Rate published in the “Money Rates” section of the Wall Street Journal, plus or minus a margin. All loans are subject to credit approval by Bangor Savings Bank. Interest rates and annual percentage rates are subject to change without notice and are accurate as of 2 June 2014.

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Business Complete Money Market Account

What every small business needs: the ultimate in financial flexibility and high-yield returns. To learn more about our Business Money Market product click here, call your local branch, email us at customercare@bangor.com or call 1.877.Bangor1 (1.877.226.4671).

Balance Tiers Interest Rate* Annual Percentage Yield*
 
0 - $4,999.99 0.00% 0.00%
 
$5,000 - $24,999.99 0.08% 0.08%
 
$25,000 - $49,999.99 0.08% 0.08%
 
$50,000 - $99,999.99 0.08% 0.08%
 
$100,000 - $249,999.99 0.12% 0.12%
 
$250,000 and over 0.12% 0.12%

* Interest rates and annual percentage yields are accurate as of 2 June 2014. Interest will be compounded daily and credited to your account monthly. We use the daily balance method to calculate the interest on your account. Annual percentage yields assume interest remains on deposit. The rates may change after the account is opened. Fees may reduce earnings on the account. Business Complete Money Market account requires a $5,000 minimum opening deposit.

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Business Premium Money Market Account

What every small business needs: the ultimate in financial flexibility and high-yield returns. To learn more about our Business Premium Money Market product click here, call your local branch, email us at customercare@bangor.com or call 1.877.Bangor1 (1.877.226.4671).

Balance Tiers Interest Rate* Annual Percentage Yield*
 
0 - $4,999.99 0.00% 0.00%
 
$5,000 - $49,999.99 0.08% 0.08%
 
$50,000 - $99,999.99 0.08% 0.08%
 
100,000 and over 0.12% 0.12%

* Interest rates and annual percentage yields are accurate as of 2 June 2014. Interest will be compounded daily and credited to your account monthly. We use the daily balance method to calculate the interest on your account. Annual percentage yields assume interest remains on deposit. The rates may change after the account is opened. Fees may reduce earnings on the account. Business Premium Money Market account requires a $50,000 minimum opening deposit.

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Great Start Savings

A special savings plan for individuals under the age of 18. To learn more about our Great Start Savings Plan click here, call your local branch, email us at customercare@bangor.com or call 1.877.Bangor1 (1.877.226.4671).

Balance Tiers Interest Rate* Annual Percentage Yield*
 
0 - $999.99 0.05% 0.05%
 
$1,000 - $4,999.99 0.05% 0.05%
 
$5,000 - $24,999.99 0.05% 0.05%
 
$25,000 and over 0.05% 0.05%

* Interest rates and annual percentage yields are accurate as of 2 June 2014. Interest will be compounded daily and credited to your account monthly. We use the daily balance method to calculate the interest on your account. Annual percentage yields assume interest remains on deposit. The rates may change after the account is opened. Fees may reduce earnings on the account. Great Start Savings accounts require a $1 minimum opening deposit. Must be under the age of 18 to be eligible for Great Start Savings. An adult co-owner is required for minors under the age of 16.

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Benefit Savings 

A low minimum balance and daily compounding make it easy to save. To learn more about our Benefit Savings product click here, call your local branch, email us at customercare@bangor.com or call 1.877.Bangor1 (1.877.226.4671).

Balance Tiers Interest Rate* Annual Percentage Yield*
 
0 - $24.99 0.00% 0.00%
 
$25 - $999.99 0.08% 0.08%
 
$1,000 - $4,999.99 0.08% 0.08%
 
$5,000 - $24,999.99 0.08% 0.08%
 
$25,000 and over 0.08% 0.08%

* Interest rates and annual percentage yields are accurate as of 2 June 2014. Interest will be compounded daily and credited to your account monthly. We use the daily balance method to calculate the interest on your account. Annual percentage yields assume interest remains on deposit. The rates may change after the account is opened. Fees may reduce earnings on the account. Benefit Savings accounts require a $25 minimum opening deposit.

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Benefit Money Market Account

To learn more about our Benefit Money Market product click here, call your local branch, email us at customercare@bangor.com or call 1.877.Bangor1 (1.877.226.4671).

Balance Tiers Interest Rate* Annual Percentage Yield*
 
0 - $4,999.99 0.00% 0.00%
 
$5,000 - $24,999.99 0.08% 0.08%
 
$25,000 - $49,999.99 0.10% 0.10%
 
$50,000 - $99,999.99 0.10% 0.10%
 
$100,000 - $249,999.99 0.12% 0.12%
 
$250,000 and over 0.12% 0.12%

* Interest rates and annual percentage yields are accurate as of 2 June 2014. Interest will be compounded daily and credited to your account monthly. We use the daily balance method to calculate the interest on your account. Annual percentage yields assume interest remains on deposit. The rates may change after the account is opened. Fees may reduce earnings on the account. Benefit Money Market account requires a $5,000 minimum opening deposit.

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Benefit Plus Checking

Our interest bearing checking account. To learn more about Benefit Plus Checking click here, call your local branch, email us at customercare@bangor.com or call 1.877.Bangor1 (1.877.226.4671). These rates are also applicable to the fiduciary version of this account.

Balance Tiers Interest Rate* Annual Percentage Yield*
 
0 - $999.99 0.00% 0.00%
 
$1,000 and over 0.05% 0.05%

* Interest rates and annual percentage yields are accurate as of 2 June 2014. Interest will be compounded daily and credited to your account monthly. We use the daily balance method to calculate the interest on your account. Annual percentage yields assume interest remains on deposit. The rates may change after the account is opened. Fees may reduce earnings on the account. Benefit Plus Checking accounts require a $25 minimum opening deposit.

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Statement Savings 

A low minimum balance and daily compounding make it easy to save. To learn more about our statement savings product click here, call your local branch, email us at customercare@bangor.com or call 1.877.Bangor1 (1.877.226.4671). These rates are also applicable to the fiduciary version of this account.

Balance Tiers Interest Rate* Annual Percentage Yield*
 
0 - $24.99 0.00% 0.00%
 
$25 - $999.99 0.05% 0.05%
 
$1,000 - $4,999.99 0.05% 0.05%
 
$5,000 - $24,999.99 0.05% 0.05%
 
$25,000 and over 0.05% 0.05%

* Interest rates and annual percentage yields are accurate as of 2 June 2014. Interest will be compounded daily and credited to your account monthly. We use the daily balance method to calculate the interest on your account. Annual percentage yields assume interest remains on deposit. The rates may change after the account is opened. Fees may reduce earnings on the account. Regular Statement savings accounts require a $25 minimum opening deposit.

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Market Rate Account (Personal) 

Enjoy easy access to your money while earning competitive interest rates. To learn more about our market rate statement savings product, call your local branch, email us at customercare@bangor.com or call 1.877.Bangor1 (1.877.226.4671).

Balance Tiers Interest Rate* Annual Percentage Yield*
 
0 - $4,999.99 0.00% 0.00%
 
$5,000 - $9,999.99 0.08% 0.08%
 
$10,000 - $24,999.99 0.08% 0.08%
 
$25,000 - $49,999.99 0.10% 0.10%
 
$50,000 and over 0.10% 0.10%

* Interest rates and annual percentage yields are accurate as of 2 June 2014. Interest will be compounded daily and credited to your account monthly. We use the daily balance method to calculate the interest on your account. Annual percentage yields assume interest remains on deposit. The rates may change after the account is opened. Fees may reduce earnings on the account. Personal Market Rate Statement Savings accounts require a $5,000 minimum opening deposit.

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Market Rate IRAs

Enjoy easy access to your money while earning competitive interest rates. To learn more about our market rate IRA product, call your local branch, email us at customercare@bangor.com or call 1.877.Bangor1 (1.877.226.4671).

Balance Tiers Interest Rate* Annual Percentage Yield*
 
0 - $24.99 0.00% 0.00%
 
$25 - $4,999.99 0.05% 0.05%
 
$5,000. - $9,999.99 0.08% 0.08%
 
$10,000 - $24,999.99 0.08% 0.08%
 
$25,000 - $49,999.99 0.10% 0.10%
 
$50,000 - $99,999.99 0.10% 0.10%
 
$100,000 - and over 0.10% 0.10%

* Interest rates and annual percentage yields are accurate as of 2 June 2014. Interest will be compounded daily and credited to your account monthly. We use the daily balance method to calculate the interest on your account. Annual percentage yields assume interest remains on deposit. The rates may change after the account is opened. Fees may reduce earnings on the account. Market Rate IRAs require a $25 minimum opening deposit.

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Certificates of Deposit (CD) Rates

To learn more about savings rates and the benefits of our Benefit Plus Plans, call your local branch or email us at customercare@bangor.com or call 1.877.Bangor1 (1.877.226.4671).

      Benefit Plus Customers
Term (months) Interest Rate* Annual Percentage Yield* Interest Rate* Annual Percentage Yield*
 
3 0.05% 0.05% 0.15% 0.15%
 
6 0.10% 0.10% 0.20% 0.20%
 
12** 0.15% 0.15% 0.25% 0.25%
 
18 0.20% 0.20% 0.30% 0.30%
 
24 0.30% 0.30% 0.40% 0.40%
 
30 0.30% 0.30% 0.40% 0.40%
 
36 0.45% 0.45% 0.55% 0.55%
 
48 0.60% 0.60% 0.70% 0.70%
 
60 0.94% 0.94% 1.04% 1.05%

* Interest rates and annual percentage yields are accurate as of 2 June 2014. Interest will be compounded daily and credited to your account monthly. We use the daily balance method to calculate the interest on your account. Annual percentage yields assume interest remains on deposit. Penalties may be imposed for early withdrawal. All terms require a $500 minimum opening deposit.

** This rate also applies to our Great Start CD.

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