Certificate of Deposit

Earn interest with a low initial deposit.


Lock in a competitive interest rate to keep your savings working for you. With a minimum of a $500 deposit, you can lock into an interest rate that compounds daily to gain interest from your investment with terms ranging from 3 to 60 months. Please note, there are penalties for early withdrawal which vary according to term. 
 

 

Certificates of Deposit (CD) Rates

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

Term (months) Interest Rate* Annual Percentage Yield* Benefit Plus® Customers - Interest Rate* Benefit Plus® Customers - Annual Percentage Yield*
6 0.45% 0.45% 0.70% 0.70%
12 0.60% 0.60% 0.85% 0.85%
12 (Great Start**) 0.60% 0.60% 0.85% 0.85%
18 0.70% 0.70% 0.95% 0.95%
24 0.75% 0.75% 1.00% 1.01%
30 0.75% 0.75% 1.00% 1.01%
36 0.75% 0.75% 1.00% 1.01%
48 0.75% 0.75% 1.00% 1.01%
60 0.75% 0.75% 1.00% 1.01%

*Interest rates and annual percentage yields are accurate as of March 23, 2023. A minimum daily balance of $500 is required to earn the annual percentage yield. 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. A minimum daily balance of $100 is required to earn the annual percentage yield.

Special Certificate of Deposit (CD) Offerings

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

Term (months) Interest Rate* Annual Percentage Yield* Benefit Plus® Customers - Rate* Benefit Plus® Customers - Annual Percentage Yield*
3 Months† 2.25% 2.28% 2.50% 2.53%
9 Months†† 3.50% 3.56% 3.75% 3.82%
15 Months††† 3.75% 3.82% 4.00% 4.08%
*Interest rates and annual percentage yields are accurate as of March 23, 2023. A minimum daily balance of $500 is required to earn the annual percentage yield. 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.
† 3 Month Special CD will renew automatically into 3 Month CDs
†† 9 Month Special CD will renew automatically into 6 Month CDs
††† 15 Month Special CD will renew automatically into 12 Month CDs