If you are a customer impacted by the government shutdown, please contact our Bangor Support team at 1-877-226-4671.
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: Standard Rate |
APR: Relationship Rate |
Line Amount |
Maximum Loan to Value |
|
5.990%
|
4.990%
|
10,000-1,000,000
|
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. Any applicable origination fee will be waived for borrowers with a Bangor Savings Bank Benefit Plus® Checking account and auto-pay of monthly payments. Bangor Savings Bank deposit account and auto-pay required to obtain relationship rate. If determined to be required, valuation of property and/or title insurance may be obtained. Costs may range between $500 to $1,000. Maximum loan to value is 85 percent of appraised value, including any other existing liens. Loan amounts between $10,000 and $1,000,000. Minimum credit advance $250. Three-year advance period followed by a 10-year principal and interest repayment. Rate will not change during life of loan. Available for owner-occupied 1 to 4 family residential properties and second homes. 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 January 18, 2019.
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).
| APR: Standard Rate |
APR: Relationship Rate |
Line Amount |
Maximum Loan to Value |
|
5.625%
|
4.625%
|
10,000-1,000,000
|
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. Any applicable origination fee will be waived for borrowers with a Bangor Savings Bank Benefit Plus® Checking account and auto-pay of monthly payments. Bangor Savings Bank deposit account and auto-pay required to obtain relationship rate. If determined to be required, valuation of property and/or title insurance may be obtained. Costs may range between $500 to $1,000. Maximum loan to value is 85 percent of appraised value, including any other existing liens. Loan amounts between $10,000 and $1,000,000. 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. 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 January 18, 2019.
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. Other advantages include easy terms, fast approval, lines as low as $10,000 and the ability to borrow up to 85% of your home's equity. For additional information, email us at lending@bangor.com, or call 1.877.Bangor1 (1.877.226.4671).
| APR: Standard Rate |
APR: Relationship Rate |
Line Amount |
Maximum Loan to Value |
|
7.250%
|
6.250%
|
10,000-1,000,000
|
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. Any applicable origination fee will be waived for borrowers with a Bangor Savings Bank Benefit Plus® Checking account and auto-pay of monthly payments. Bangor Savings Bank deposit account and auto-pay required to obtain relationship rate. If determined to be required, valuation of property and/or title insurance may be obtained. Costs may range between $500 to $1,000. Maximum loan to value is 85 percent of appraised value, including any other existing liens. Loan amounts between $10,000 and $1,000,000. Seven-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. 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 January 18, 2019.
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: Standard Rate |
APR: Relationship Rate |
Line Amount |
Maximum Loan to Value |
|
5.500% (Prime)
|
4.500 (Prime-1.00%)
|
10,000-1,000,000
|
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. Any applicable origination fee will be waived for borrowers with a Bangor Savings Bank Benefit Plus® Checking account and auto-pay of monthly payments. Bangor Savings Bank deposit account and auto-pay required to obtain relationship rate. If determined to be required, valuation of property and/or title insurance may be obtained. Costs may range between $500 to $1,000. Maximum loan to value is 85 percent of appraised value, including any other existing liens. Loan amounts between $10,000 and $1,000,000. 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. 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 January 18, 2019.
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
|
0.40%
|
0.40%
|
|
$50,000 - $99,999.99
|
0.65%
|
0.65%
|
|
$100,000 - $249,999.99
|
1.00%
|
1.01%
|
|
$250,000 and over
|
1.00%
|
1.01%
|
*Interest rates and annual percentage yields are accurate as of January 18, 2019. 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
|
0.08%
|
0.08%
|
|
$1,000 - $4,999.99
|
0.08%
|
0.08%
|
|
$5,000 - $24,999.99
|
0.10%
|
0.10%
|
|
$25,000 and over
|
0.15%
|
0.15%
|
*Interest rates and annual percentage yields are accurate as of January 18, 2019. 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
|
0.10%
|
0.10%
|
|
$1,000 - $4,999.99
|
0.10%
|
0.10%
|
|
$5,000 - $24,999.99
|
0.15%
|
0.15%
|
|
$25,000 and over
|
0.35%
|
0.35%
|
*Interest rates and annual percentage yields are accurate as of January 18, 2019. 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
|
0.40%
|
0.40%
|
|
$50,000 - $99,999.99
|
0.65%
|
0.65%
|
|
$100,000 - $249,999.99
|
1.00%
|
1.01%
|
|
$250,000 and over
|
1.00%
|
1.01%
|
*Interest rates and annual percentage yields are accurate as of January 18, 2019. 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 18, 2019. 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
|
0.08%
|
0.08%
|
|
$1,000 - $4,999.99
|
0.08%
|
0.08%
|
|
$5,000 - $24,999.99
|
0.10%
|
0.10%
|
|
$25,000 and over
|
0.15%
|
0.15%
|
*Interest rates and annual percentage yields are accurate as of January 18, 2019. 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
|
0.15%
|
0.15%
|
|
$25,000 - $49,999.99
|
0.20%
|
0.20%
|
|
$50,000 and over
|
0.40%
|
0.40%
|
*Interest rates and annual percentage yields are accurate as of January 18, 2019. 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
|
0.00%
|
0.00%
|
|
$25 - $4,999.99
|
0.10%
|
0.10%
|
|
$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 - $99,999.99
|
0.40%
|
0.40%
|
|
$100,000 - and over
|
0.45%
|
0.45%
|
*Interest rates and annual percentage yields are accurate as of January 18, 2019. 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* |
|
3
|
1.25%
|
1.26%
|
1.50%
|
1.51%
|
|
6
|
1.50%
|
1.51%
|
1.75%
|
1.76%
|
|
12**
|
1.65%
|
1.66%
|
1.90%
|
1.91%
|
|
18
|
1.80%
|
1.82%
|
2.05%
|
2.07%
|
|
24
|
1.90%
|
1.92%
|
2.15%
|
2.17%
|
|
30
|
1.95%
|
1.97%
|
2.20%
|
2.22%
|
|
36
|
1.95%
|
1.97%
|
2.20%
|
2.22%
|
|
48
|
1.95%
|
1.97%
|
2.20%
|
2.22%
|
|
60
|
2.00%
|
2.02%
|
2.25%
|
2.27%
|
*Interest rates and annual percentage yields are accurate as of January 18, 2019. 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.