The following are qualifications and conditions for Personal Banking products. Please see the corresponding product page for full product details.
Checking Account Qualifications & Considerations
Bangor Workplace Advantage
Benefit 62 Checking
Benefit Checking
Benefit Plus Checking
Savings Account Qualifications & Considerations
Benefit Money Market Account
Benefit Savings
Great Start Savings
Holiday Club
Market Rate Account
Statement Savings
Checking Account Qualifications & Conditions
Bangor Workplace Advantage
All qualifications waived for the primary owner or manager of our business checking relationship or their employees under our Bangor Workplace Advantage program. The $20 monthly service charge also waived if qualification maintained. Qualify by maintaining $10,000 in combined balances in your Bangor Savings Bank deposit accounts, Bangor Savings Bank Trust or Bangor Financial Services accounts; a Bangor Savings Bank residential first mortgage; a Bangor Savings Bank home equity line of credit of $10,000 or more.
$25.00 minimum balance to open our Benefit Plus Checking account. Minimum balance to earn interest is $1,000. The current Benefit Plus Checking rate is available on our Rates page. Rates are subject to change daily. $25.00 offer for new checking account opening is limited to one bonus per employee; bonus paid at account opening into the newly opened account. Fees could reduce earnings on the account.
Benefit Money Market Account ($5,000 minimum opening deposit) available, Bangor Savings Bank checking account required.
No annual fee credit card with Rewards available, subject to credit qualification. Overdraft protection with Standby Money subject to credit qualification. $50 personal loan document fee credit is dependent on payment of the loan with automatic payment from a Bangor Savings Bank account.
.50% rate reduction on a home equity line of credit with automatic payment from a Bangor Savings Bank checking account.
The CD interest rate bonus is a one-time rate increase above the stated Certificate of Deposit rate. CD will renew at the regular Benefit Plus CD rate. Available upon presentment of employee coupon at a Bangor Saving Bank branch location. Must open or have a Benefit Plus checking account. ^ top
Benefit 62 Checking
For customers 62 years of age and older. Minimum $25 deposit to open. Benefit 62 is a non-interest bearing account. No minimum daily balance, no monthly service charge, truncated or imaged. ^ top
Benefit Checking
Minimum $25 deposit to open. Benefit Checking is a non-interest bearing account. No minimum daily balance, no monthly service charge.
Benefit Savings Account ($25 minimum opening deposit).
Overdraft protection with Standby Money subject to credit qualification.
No annual fee credit card with Rewards available, subject to credit qualification. ^ top
Benefit Plus Checking
The $20.00 monthly service charge will be waived if qualification is maintained. Qualify by maintaining $10,000 in combined balances in your Bangor Savings Bank deposit accounts, Bangor Savings Bank Trust or Bangor Financial Services accounts; a Bangor Savings Bank residential first mortgage; a Bangor Savings Bank home equity line of credit of $10,000 or more. Qualifications waived for the primary owner or manager of our business checking relationship or employees under our Bangor Workplace Advantage program. This account is available as truncated or imaged.
$25.00 minimum balance to open our Benefit Plus Interest Checking account. Minimum balance to earn interest is $1,000. The current Benefit Plus Checking rate is available on our Rates page. Rates are subject to change daily. Fees could reduce earnings on the account.
Benefit Savings Account ($25 minimum opening deposit) or Benefit Money Market Account ($5,000 minimum opening deposit) available, Bangor Savings Bank checking account required.
No annual fee credit card with Rewards, subject to credit qualification. Overdraft protection with Standby Money subject to credit qualification.
Personal loan document preparation fee waiver is dependent on payment of the loan with automatic payment from a Bangor Savings Bank account. ^ top
Savings Account Qualifications & Conditions
Benefit Money Market Account
Must have or open a personal checking account. Minimum to open is $25,000.
You must maintain a minimum balance of $5,000 to accrue interest. This is a tiered rate account. The current Benefit Money Market Account rates are available on our Rates page. Your interest rate and annual percentage yield may change. We reserve the right to change the interest rate on your account at any time. Interest will be compounded daily and credited to your account monthly. We use the daily balance method to calculate the interest on your account. Non-cash deposit interest begins to accrue on the business day you deposit items.
Federal regulation limits third party or pre-authorized transfers (including overdraft transfers) or transfers made by telephone or personal computer to six per statement cycle, including check, draft, or check card. ^ top
Benefit Savings
Must have or open a core checking account. Minimum to open is $25.
You must maintain a minimum balance of $25 to accrue interest. This is a tiered rate account. The current Benefit Savings rates are available on our Rates page. Your interest rate and annual percentage yield may change. We reserve the right to change the interest rate on your account at any time. Interest will be compounded daily and credited to your account monthly. We use the daily balance method to calculate the interest on your account. Non-cash deposit interest begins to accrue on the business day you deposit items.
Federal regulation limits third party or pre-authorized transfers (including overdraft transfers) or transfers made by telephone or personal computer to six per statement cycle, including check, draft, or check card. ^ top
Great Start Savings
Minimum to open Great Start Savings is $1. The current Great Start Savings rates are available on our Rates page.
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.
Federal regulation limits third party or pre-authorized transfers (including overdraft transfers) or transfers made by telephone or personal computer to six per statement cycle, including check, draft, or check card. ^ top
Holiday Club
$25 minimum balance in the account each day to obtain the disclosed annual percentage yield. ^ top
Market Rate Account
$5000 minimum balance to open and keep as a minimum daily balance to obtain the disclosed annual percentage yield. The current Market Rate Account rates are available on our Rates page.
Monthly service charge of $10.00 if balance falls below $5,000 minimum.
Market Rate IRA available: $25 minimum to open and keep as a minimum daily balance to obtain the disclosed annual percentage yield; interest compounded daily, with $25 minimum balance.
Federal regulation limits third party or pre-authorized transfers (including overdraft transfers) or transfers made by telephone or personal computer to six per statement cycle, including check, draft, or check card. ^ top
Statement Savings
Interest is compounded daily and rates are tiered for higher yields. The current Statement Savings rates are available on our Rates page.
Federal regulation limits third party or pre-authorized transfers (including overdraft transfers) or transfers made by telephone or personal computer to six per statement cycle, including check, draft, or check card. ^ top
