Bangor Savings Bank 2022: No-Cost Online Banking

GOBankingRates Score

Bangor Savings Bank
GOBankingRates Best Banks 2023 scores and rankings are objectively determined by our research/editorial team. Our scoring formula weighs several factors that differ from category to category depending on what consumers want from varying products and banks.
Quick Take: Bangor Savings Bank, headquartered in Bangor, Maine, has been serving Mainers and New Hampshirites for over 160 years. The full-service, community-focused bank affords its members standard banking products and financial services such as personal checking accounts, online and mobile banking, wealth management resources and business banking.
  • APYs
  • Benefits
  • Products
  • Customer Service
How did we calculate this?


  • Full-service bank providing checking, savings, loans, credit cards, insurance and investing.
  • Variety of savings account options including money market and Holiday Club accounts.
  • Reimbursements for international ATM withdrawals.
  • Benefit Checking has no monthly charge.


  • Branches only available in Maine and New Hampshire.
  • $20 minimum monthly service charge on Benefit Plus checking for balances under $10,000.

Bangor Savings Bank Overview

Bangor Savings Bank has 65 branches between Maine and New Hampshire, and access to 55,000 ATM machines around the world through the Allpoint ATM network. Bangor Savings claims it was the first Maine bank to offer free ATMs worldwide, wherein you simply accept any charges incurred from using the machine and the bank reimburses you within three business days. Customers with Bangor Savings can also take advantage of free online banking.

Key Features

Bangor Savings Bank earned a GOBankingRates score of 4.7 out of 5 for its strong local service and varied account options. Here’s more:


Bangor Savings Bank doesn’t provide the most competitive interest rates on your checking and savings accounts. At most, you’ll earn APY on your savings account.

As for CDs, terms of 3 to 60 months are available. Rates vary on the length of your commitment and go up to APY. CDs require a minimum of $500 to open an account.


Banking with Bangor Savings Bank is extremely convenient. You’ll have access to a variety of banking products from savings and loans in one place. Best of all, customers can qualify for relationship banking rates on loans and bank accounts. For example, Benefit Plus customers receive a 0.05% bump on CD rates and up to one point off on select loans and lines of credit.

Products Offered

Bangor Savings Bank offers nearly every type of banking product you may need. The most popular include:

Checking Accounts

There are three main checking account options, all which require a minimum $25 deposit to open:

  • Benefit Checking: The basic checking account option with no minimum daily balance requirements or monthly service charges.
  • Benefit Plus Checking: A tiered checking account that provides relationship-banking rates on loans and savings.
  • Benefit 62 Checking: Designed for people aged 62 and older, 62 Checking gives you a choice of free specialty checks or a 50% discount on initial and future Deluxe check orders.

Savings Accounts

Bangor Savings has several savings account options, but their three main ones are the Statement savings, Money Market and Benefit savings accounts. You can also save for Christmas with a Holiday Club account.


Bangor Savings certificates of deposit range from 3 months to 5 years. The account comes with a 0.05% rate bump if you are a Benefit Plus Customer. To open a CD, a minimum balance of $500 is required.

Customer Service

Bangor Savings Bank customer service is available by calling 1-888-263-3099 Monday to Friday from 7:00 a.m. to 7:00 p.m., Saturdays 8:00 a.m. to 2:00 p.m. and Sundays 9:00 a.m. to 2:00 p.m. You can also reach out for support by emailing

How Bangor Savings Bank Stands Out

Bangor Savings Bank stands out for its full-service offerings that make it convenient to choose the financial institution. Personal and business banking is available. Besides online banking and a variety of accounts, mortgages, vehicle loans and credit cards are available. Plus, auto, home, property, life and disability insurance can be purchased through the bank.

Comparable Bangor Savings Bank Options

To compare banks before you choose, consider the following alternatives. 

Bangor Savings Bank vs. Kennebec Savings Bank

Kennebec Savings Bank is another local financial institution in the state of Maine. However, the bank does not have as many locations as Bangor Savings does. Both are full-service banks offering accounts, loans, investments and more. However, Kennebec Savings Bank’s rates are more competitive.

Bangor Savings Bank vs. Bar Harbor Bank & Trust

Bar Harbor Bank & Trust is Maine’s third-largest bank in the state with 49 branches throughout Maine, Vermont and New Hampshire. Like Bangor Savings Bank, Bar Harbor Bank & Trust offers customers a variety of financial services including accounts, loans, investments and more. Bar Harbor Bank & Trust stands out for its digital presence. Its mobile banking app and online services are top notch compared to other local banks.  

How To Apply

Not all bank accounts can be opened online. Some accounts such as CDs require a visit to a local branch with your government-issued photo ID or by calling 1-877-226-4671.

Checking, savings and money market accounts can be opened online at your convenience. You’ll need to set up an online login and provide your Social Security number, photo ID and the funds to get started.  

Who Bangor Savings Bank Is Best For

Locals through Maine and some of New Hampshire will benefit most from Bangor Savings Bank, if nothing else because their charity work directly impacts the communities they operate in, and they have access to branch locations. The bank offers a full spectrum of financial services from accounts to loans to insurance for anyone looking for a one-stop-shop for their personal and business banking needs.

Final Take

Bangor Savings Bank is a good option for individuals in search of a quality regional bank. Although the savings accounts have low APY rates and higher balance requirements, there are plenty of positives that offset the drawbacks such as money market accounts, a couple of checking account options and CDs with competitive rates. 


  • Is Bangor Savings Bank good?
    • Bangor Savings Bank has a solid reputation as a full-service bank that's been operating in the area for over 160 years.
  • Is Bangor Savings Bank FDIC insured?
    • Bangor Savings Bank is a member of the FDIC, insuring up to $250,000 per depositor.
  • How many customers does Bangor Savings Bank have?
    • Bangor Savings has over 227,000 customers and growing. It manages $6.8 billion in assets.
  • Is Bangor Savings Bank a mutual bank?
    • Bangor Savings is a mutual bank and one of the oldest in New England. Mutual banks are owned by customers and typically offer quality, low-cost banking.

Sean Dennison contributed to the reporting for this article.

This content is not provided by Bangor Savings Bank. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by Bangor Savings Bank.

Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of June 19, 2022.

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