This account is available to non-profit organizations that operate primarily for religious, philanthropic, charitable, educational, political or other similar purpose as long as the entity is legitimate and registered with the IRS as a non-profit organization. (Organizations described in 501 (c) (3) through (13), and (19) of the IRS and political organizations described in section 527 of the IRS Code.) Just $100 gets you started. Interest is compounded daily.
*Qualifications & Considerations
Fees: The first 50 debit items (withdrawals, checks, ACH) per statement cycle are without charge. A $0.15 fee will be applied for each item paid after the first 50.
Minimum daily balance of $1,000 required to earn the disclosed annual percentage yield. Rates may change at any time without notice. Your interest rate and annual percentage yield may change. Interest begins to accrue on the business day you deposit non-cash items. Interest is compounded daily and credited monthly.
There are three easy ways to open a new Bangor Savings Deposit Account:
- Apply Online
- Visit a branch near you
- Call us at 1.877.Bangor1 (226.4671)
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