Benefit Savings

Start earning interest with as little as $25.


Save a little or save a lot. Easy to open with as little as $25 when you already have a Bangor Savings Bank checking account. 
 
  • $25 minimum to open
  • $25 minimum balance to earn interest
  • No monthly service charges
  • Preferred tiered rate over our Statement Savings account
  • Must have or open a personal checking account
  • Free online banking with Bangor Online, including: Bangor BillPay, Money Management, eStatements, and Mobile & Text Banking
  • Free ATM card with free ATMs worldwide†

 

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 bangorsupport@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 0.05% 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 May 4, 2023. 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.