Rates

Benefit Home Equity Blend

Our Benefit Home Equity Blend gives you a fixed rate for the first 3 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. For additional information, email us at lending@bangor.com, or call 1.877.Bangor1 (1.877.226.4671).

Initial 3 Year APR: Rate Current Variable APR: Rate Lines with Total Exposure Limits Maximum Loan to Value
6.750% 6.750% $10,000-$1,000,000 Up to 80%
7.250% 7.250% $10,000-$1,000,000 Up to 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. Early Termination Fee of $450 if the line is terminated within the first 36 months. Early Termination Fees are not applicable for Vermont properties. Massachusetts properties' Early Termination Fee is ≤ 2% of the line limit, not to exceed $450. If determined to be required, valuation of property and/or title insurance may be obtained. Costs may range from $500 to $1,500. Maximum loan to value is 85 percent of appraised value, including any other existing liens. For loan to value’s greater than 80 percent, a full appraisal is required. Line amounts between $10,000 and $1,000,000 are based on total exposure (all debts on the property) and are limited to the borrower(s) credit score(s). Ten-year advance period followed by a 15-year principal and interest repayment. Minimum credit advance $250. Available for owner-occupied 1 to 4 family residential properties and second homes. A Hazard Insurance policy is required and must be approved by the Bank prior to closing. 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 January 19, 2023.

 

Benefit Home Equity Fixed

Our 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. For additional information, email us at lending@bangor.com, or call 1.877.Bangor1 (1.877.226.4671).

APR: Rate Lines with Total Exposure Limits Maximum Loan to Value
7.500% $10,000-$1,000,000 Up to 80%
8.000% $10,000-$1,000,000 Up to 85%

Early Termination Fee of $450 if the line is terminated within the first 36 months. Early Termination Fees are not applicable for Vermont properties. Massachusetts properties' Early Termination Fee is ≤ 2% of the line limit, not to exceed $450.00. Bangor Savings Bank deposit account and auto-pay required to obtain APR Relationship Rate. If determined to be required, valuation of property and/or title insurance may be obtained. Costs may range from $500 to $1,500. Maximum loan to value is 85 percent of appraised value, including any other existing liens. For loan to value’s greater than 80 percent, a full appraisal is required. Line amounts between $10,000 and $1,000,000 are based on total exposure (all debts on the property) and are limited by the borrower(s) credit score(s). Seven-year advance period followed by a 15-year principal and interest repayment. Minimum credit advance $250. Available for owner-occupied 1 to 4 family residential properties and second homes. A Hazard Insurance policy is required and must be approved by the Bank prior to closing. 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 January 19, 2023.

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 3 years, followed by a 10-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).

APR: Rate Lines with Total Exposure Limits Maximum Loan to Value
7.000% $10,000-$1,000,000 Up to 80%
7.500% $10,000-$1,000,000 Up to 85%

Early Termination Fee of $450 if the line is terminated within the first 36 months. Early Termination Fees are not applicable for Vermont properties. Massachusetts properties' Early Termination Fee is ≤ 2% of the line limit, not to exceed $450.00. If determined to be required, valuation of property and/or title insurance may be obtained. Costs may range from $500 to $1,500. Maximum loan to value is 85 percent of appraised value, including any other existing liens. For loan to value’s greater than 80 percent, a full appraisal is required. Line amounts between $10,000 and $1,000,000 are based on total exposure (all debts on the property) and are limited by the borrower(s) credit score(s). Three-year advance period followed by a 10-year principal and interest repayment. Rate will not change during life of loan. Minimum credit advance $250. Available for owner-occupied 1 to 4 family residential properties and second homes. A Hazard Insurance policy is required and must be approved by the Bank prior to closing. 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 January 19, 2023.

Benefit Home Equity Variable

Tap into the equity in your home at competitive rates to fund home improvements, vacations, education, investments, taxes, and more with our Benefit Home Equity Variable. 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).

APR: Rate Lines with Total Exposure Limits Maximum Loan to Value
6.750% (Prime - 0.75%) $10,000-$1,000,000 Up to 80%
7.250% (Prime - 0.25%) $10,000-$1,000,000 Up to 85%

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. Early Termination Fee of $450 if the line is terminated within the first 36 months. Early Termination Fees are not applicable for Vermont properties. Massachusetts properties' Early Termination Fee is ≤ 2% of the line limit, not to exceed $450. If determined to be required, valuation of property and/or title insurance may be obtained. Costs may range from $500 to $1,500. Maximum loan to value is 85 percent of appraised value, including any other existing liens. For loan to value’s greater than 80 percent, a full appraisal is required. Line amounts between $10,000 and $1,000,000 are based on total exposure (all debts on the property) and are limited by the borrower(s) credit score(s). Ten-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. A Hazard Insurance policy is required and must be approved by the bank prior to closing. 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 January 19, 2023.

Land Only Flex Line of Credit

The Land Only Flex is a refinance product and available on raw, vacant land that you already own. You can draw on the Land Only Flex for 3 years, followed by a 10-year repayment period, ond your rate won't go up. For additional information, email us at lending@bangor.com, or call 1.877.Bangor1 (1.877.226.4671).

APR: Rate Lines with Total Exposure Limits Maximum Loan to Value
7.000% $10,000 - $1,000,000 Up to 65%
Early Termination Fee of $450 if the line is terminated within the first 36 months. Early Termination Fees are not applicable for Vermont, North Carolina and South Carolina properties. Massachusetts properties' Early Termination Fee is ≤ 2% of the line limit, not to exceed $450.00. A Land Appraisal is always required for this product and the cost is the applicant’s responsibility. If determined to be required title insurance may be obtained. Costs may range from $500 to $1,500. Maximum loan to value is 65 percent of appraised value, including any other existing liens. Line amounts between $10,000 and $250,000 are based on total exposure (all debts on the property), 1st liens only and are limited by the borrower(s) credit score(s). Three-year advance period followed by a 10-year principal and interest repayment. Rate will not change during life of loan. Minimum credit advance $250. All loans are subject to credit approval by Bangor Savings Bank. Bangor Savings Bank deposit account and auto-pay required to obtain APR Relationship Rate. Interest rates and annual percentage rates are subject to change without notice and are accurate as of January 19, 2023.

Investment Property Equity Line of Credit

The Investment Property Equity is for non-owner occupied 1-4 family residences. You can draw on the Line for 10 years, followed by a 15-year repayment period. For additional information, email us at lending@bangor.com, or call 1.877.Bangor1 (1.877.226.4671).

Loan Amount Collateral Type APR
≥$10,000 Investment Property (60% LTV) Max $250,000 Prime + 2.00%
Early Termination Fee of $450 if the line is terminated within the first 36 months. Early Termination Fees are not applicable for Vermont, North Carolina and South Carolina properties. Massachusetts properties' Early Termination Fee is ≤ 2% of the line limit, not to exceed $450.00. If determined to be required, valuation of property and/or title insurance may be obtained and costs may range from $500 to $1.500. Maximum loan to value is 60% of appraised value, including any other existing liens. Line amounts between $10,000 and $250,000 are based on total exposure (all debts on the property) and are limited by the borrower(s) credit score(s). Ten-year advance period followed by a 15-year principal and interest repayment. Minimum credit advance $250. Available for non-owner-occupied 1 to 4 family residential properties. A Hazard Insurance policy is required and must be approved by the Bank prior to closing. All loans are subject to credit approval by Bangor Savings Bank. Interest Rate is adjustable throughout the life of loan. The maximum annual percentage rate that may be imposed is 18.000%. The variable rate is tied to the highest domestic Prime rate in the "Money Rates" section of The Wall Street Journal, plus or minus a margin. Interest rates and annual percentage rates are subject to change without notice and are accurate as of January 19, 2023.

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 bangorsupport@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 0.45% 0.45%
$50,000 - $99,999.99 0.50% 0.50%
$100,000 - $249,999.99 0.60% 0.60%
$250,000 and over 0.60% 0.60%

*Interest rates and annual percentage yields are accurate as of January 19, 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. Business Complete Money Market account requires a $5,000 minimum opening deposit.

Great Start Savings

A special savings plan for individuals under the age of 18. To learn more about our Great Start Savings 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 - $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 January 19, 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. 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.

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 January 19, 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.

Benefit Money Market Account

To learn more about our Benefit Money Market 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 - $4,999.99 0.00% 0.00%
$5,000 - $24,999.99 0.25% 0.25%
$25,000 - $49,999.99 0.45% 0.45%
$50,000 - $99,999.99 0.50% 0.50%
$100,000 - $249,999.99 0.60% 0.60%
$250,000 and over 0.60% 0.60%

*Interest rates and annual percentage yields are accurate as of January 19, 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 Money Market account requires a $5,000 minimum opening deposit.

Benefit Plus® Checking

Our interest-bearing checking account. To learn more about Benefit Plus® Checking click here, call your local branch, email us at bangorsupport@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 January 19, 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 Plus® Checking accounts require a $25 minimum opening deposit.

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 bangorsupport@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 January 19, 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. Regular Statement Savings accounts require a $25 minimum opening deposit.

Market Rate Account (Personal)

Enjoy easy access to your money while earning competitive interest rates. To learn more about our Market Rate savings product, 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 - $4,999.99 0.00% 0.00%
$5,000 - $9,999.99 0.15% 0.15%
$10,000 - $24,999.99 0.25% 0.25%
$25,000 - $49,999.99 0.40% 0.40%
$50,000 and over 0.40% 0.40%

*Interest rates and annual percentage yields are accurate as of January 19, 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. Personal Market Rate Statement Savings accounts require a $5,000 minimum opening deposit.

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 bangorsupport@bangor.com, or call 1.877.Bangor1 (1.877.226.4671).

Balance Tiers Interest Rate* Annual Percentage Yield*
0 - $24.99 0.10% 0.10%
$25 - $4,999.99 0.15% 0.15%
$5,000 - $9,999.99 0.15% 0.15%
$10,000 - $24,999.99 0.25% 0.25%
$25,000 - $49,999.99 0.40% 0.40%
$50,000 - $99,999.99 0.45% 0.45%
$100,000 - and over 0.50% 0.50%

*Interest rates and annual percentage yields are accurate as of January 19, 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. Penalties may be imposed for early withdrawal. Fees may reduce earnings on the account. Market Rate IRAs require a $25 minimum opening deposit.

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 January 19, 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 1.75% 1.77% 2.00% 2.02%
9 Months† 2.75% 2.79% 3.00% 3.05%
15 Months†† 3.00% 3.05% 3.25% 3.30%
*Interest rates and annual percentage yields are accurate as of January 19, 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.
† 9 Month Special CD will renew automatically into 6 Month CDs
†† 15 Month Special CD will renew automatically into 12 Month CDs