| Lending Rates:
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Deposit Rates:
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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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Equity Blend - Home Equity Line
Our Equity Blend home equity lines of credit gives you a fixed rate for either the first two or five years so you don't have to worry about fluctuating interest rates. After the fixed rate period, it will then convert to applicable Equity Reserve variable rate. Plus, you can draw on the line for up to 10 years.
| Two Year Equity Blend Annual Percentage Rate |
| Standard |
Relationship Rate |
Line Amount |
Maximum
Loan to Value |
|
| 4.250% |
3.250% |
10,000-500,000 |
80% |
|
| 4.750% |
3.750% |
10,000-250,000 |
85% |
|
| Five Year Equity Blend Annual Percentage Rate |
| Standard |
Relationship Rate |
Line Amount |
Maximum
Loan to Value |
|
| 5.000% |
4.000% |
10,000-500,000 |
80% |
|
| 5.500% |
4.500% |
10,000-250,000 |
85% |
Two Year Equity Blend rates are fixed for 24 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.
Five Year Equity Blend rates are fixed for 60 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.
No closing costs unless a valuation determination and or title insurance is required. 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. Prepayment fee of $350 if the line is terminated within the first 36 months. 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 25 January 2012.
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Equity Plus - Fixed Rate Line of Credit
Equity Plus 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).
| Equity Plus Annual Percentage Rate |
Line Amount |
Maximum
Loan to Value |
| Standard |
Relationship Rate |
|
| 5.250% |
4.250% |
10,000-500,000 |
80% |
|
| 5.750% |
4.750% |
10,000- 250,000 |
85% |
No closing costs unless a valuation determination and or title insurance is required. Other fixed rates, line amounts and the ability to borrow up to 85% of your home’s value are available. 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. Prepayment fee of $350 if the line is terminated within the first 36 months. 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 and are accurate as of 25 January 2012.
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Equity Reserve® - Variable Rate Home Equity Line
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).
| Equity Reserve Annual Percentage Rate |
Line Amount |
Maximum
Loan to Value |
| Standard |
Relationship Rate |
|
| 4.00% (Prime+.75) |
3.00% (Prime-.25) |
10,000-500,000 |
80% |
|
| 4.50% (Prime+1.25) |
3.50% (Prime+.25%) |
10,000-250,000 |
85% |
No closing costs unless a valuation determination and or title insurance is required. 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. Prepayment fee of $350 if the line is terminated within the first 36 months. 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 25 January 2012.
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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 |
0.25% |
0.25% |
|
| $25,000 - $49,999.99 |
0.30% |
0.30% |
|
| $50,000 - $99,999.99 |
0.30% |
0.30% |
|
| $100,000 - $249,999.99 |
0.35% |
0.35% |
|
| $250,000 and over |
0.35% |
0.35% |
* Interest rates and annual percentage yields are accurate as of 25 January 2012. 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 |
0.20% |
0.20% |
|
| $50,000 - $99,999.99 |
0.30% |
0.30% |
|
| 100,000 and over |
0.35% |
0.35% |
* Interest rates and annual percentage yields are accurate as of 25 January 2012. 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 Account
A special savings plan for individuals 18 years or younger. 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 |
0.10% |
0.10% |
|
| $1,000 - $4,999.99 |
0.10% |
0.10% |
|
| $5,000 - $24,999.99 |
0.15% |
0.15% |
|
| $25,000 and over |
0.15% |
0.15% |
* Interest rates and annual percentage yields are accurate as of 25 January 2012. Annual percentage yeilds assume interest remains on deposit. The rates may change after the account is opened. Fees may reduce earnings on the account. Great Start Savings Savings accounts require a $1 minimum opening deposit.
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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 |
0.15% |
0.15% |
|
| $1,000 - $4,999.99 |
0.15% |
0.15% |
|
| $5,000 - $24,999.99 |
0.20% |
0.20% |
|
| $25,000 and over |
0.20% |
0.20% |
* Interest rates and annual percentage yields are accurate as of 25 January 2012. 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 |
0.20% |
0.20% |
|
| $25,000 - $49,999.99 |
0.25% |
0.25% |
|
| $50,000 - $99,999.99 |
0.25% |
0.25% |
|
| $100,000 - $249,999.99 |
0.35% |
0.35% |
|
| $250,000 and over |
0.35% |
0.35% |
* Interest rates and annual percentage yields are accurate as of 25 January 2012. 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 $25,000 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).
| 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 25 January 2012. 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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Regular 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).
| Balance Tiers |
Interest Rate* |
Annual Percentage Yield* |
|
| 0 - $24.99 |
0.00% |
0.00% |
|
| $25 - $999.99 |
0.10% |
0.10% |
|
| $1,000 - $4,999.99 |
0.10% |
0.10% |
|
| $5,000 - $24,999.99 |
0.15% |
0.15% |
|
| $25,000 and over |
0.15% |
0.15% |
* Interest rates and annual percentage yields are accurate as of 25 January 2012. 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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Personal Market Rate Statement Savings
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 |
0.15% |
0.15% |
|
| $10,000 - $24,999.99 |
0.15% |
0.15% |
|
| $25,000 - $49,999.99 |
0.20% |
0.20% |
|
| $50,000 and over |
0.25% |
0.25% |
* Interest rates and annual percentage yields are accurate as of 25 January 2012. 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 |
0.10% |
0.10% |
|
| $5,000. - $9,999.99 |
0.10% |
0.10% |
|
| $10,000 - $24,999.99 |
0.15% |
0.15% |
|
| $25,000 - $49,999.99 |
0.15% |
0.15% |
|
| $50,000 - $99,999.99 |
0.20% |
0.20% |
|
| $100,000 - and over |
0.30% |
0.30% |
* Interest rates and annual percentage yields are accurate as of 25 January 2012. 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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CD Rates
To learn more about savings rates and the benefits of our BangorFirst Relationship Plans, call your local branch or email us at customercare@bangor.com or call 1.877.Bangor1 (1.877.226.4671).
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Benefit Plus Customers |
| Term (months) |
Interest Rate* |
Annual Percentage Yield* |
Interest Rate* |
Annual Percentage Yield* |
|
| 3 |
0.05% |
0.05% |
0.30% |
0.30% |
|
| 6 |
0.05% |
0.05% |
0.30% |
0.30% |
|
| 12** |
0.15% |
0.15% |
0.40% |
0.40% |
|
| 18 |
0.35% |
0.35% |
0.60% |
0.60% |
|
| 24 |
0.45% |
0.45% |
0.70% |
0.70% |
|
| 30 |
0.50% |
0.50% |
0.75% |
0.75% |
|
| 36 |
0.84% |
0.84% |
1.09% |
1.10% |
|
| 48 |
1.14% |
1.15% |
1.39% |
1.40% |
|
| 60 |
1.48% |
1.49% |
1.73% |
1.75% |
| |
|
|
Benefit Plus Customers |
| Bump-Up CDs |
Interest Rate* |
Annual Percentage Yield* |
Interest Rate* |
Annual Percentage Yield* |
|
| 18-Month Bump *** |
0.30% |
0.30% |
0.55% |
0.55% |
|
| 30-Month Bump *** |
0.45% |
0.45% |
0.70% |
0.70% |
|
| 48-Month Bump *** |
1.09% |
1.10% |
1.34% |
1.35% |
|
| 60-Month Bump *** |
1.44% |
1.45% |
1.69% |
1.70% |
| |
|
|
Benefit Plus Customers |
| Step Rate CDs |
Interest Rate* |
Composite APY* |
Interest Rate* |
Composite APY* |
|
| 27-Month Step † |
|
0.42% |
|
0.67% |
| 1st 9 mo. |
0.15% |
|
0.40% |
|
| 2nd 9 mo. |
0.40% |
|
0.65% |
|
| 3rd 9 mo. |
0.70% |
|
0.95% |
|
|
| 48-Month Step † |
|
1.01% |
|
1.26% |
| 1st 12 mo. |
0.25% |
|
0.50% |
|
| 2nd 12 mo. |
0.75% |
|
1.00% |
|
| 3rd 12 mo. |
1.25% |
|
1.50% |
|
| 4th 12 mo. |
1.75% |
|
2.00% |
|
* Interest rates and annual percentage yields are accurate as of 25 January 2012. 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.
*** 18, 30, 48, 60 Month Bump - A one-time rate increase may be made at any time during the term of the certificate. An election to increase the interest rate does not change other terms of the certificate. Contact us for details. A written maturity notice will be sent at the end of the term. Account may be closed or a one-time partial withdrawal may be made, without penalty, within ten days following the maturity date.
† 27, 48 Month Step - Account may be closed or a one-time partial withdrawl may be made, without penalty, within ten days following an anniversary date of a step. A written maturity notice will be sent at the end of the term. Upon the end of the term, the 27 Month Step CD will roll to a 24 Month term.
