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FRAUD ALERT: Please be aware of a widespread phishing scam and keep in mind that Gorham Savings Bank will NEVER ask you for your personal information, such as your pin, security code or password. Before responding to a text or email, stop and think using the “10 and 2” rule: wait 10 minutes and talk to at least 2 people. If you suspect fraud, please contact Customer Service.

Browse our Security Center for tools and resources to protect your privacy and personal financial information. Find online banking security tips along with information on common scams. If you are ever in doubt, call us directly at (207) 839-4796.

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Business

Savings & Money Markets

We offer savings options to support growing companies of all sizes. So we’ll focus on the money while you focus on, well, everything else that it takes to run a business.

MONEY MARKETS

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FlexSmart Business Money Market

A higher interest checking account that lets you take advantage of rising interest rates.

  • Convenient access to your funds when you need them
  • Competitive rates that adjust with the market
  • No monthly maintenance service charge
  • Six preauthorized transfers permitted per statement cycle*
calculator
Business Money Market

A savings solution for businesses that want to earn interest while keeping their money local and liquid.

  • Earn interest
  • No monthly maintenance service charge
  • Tiered or Premier Money Market available
  • Six preauthorized transfers permitted per statement cycle*
Compare Business Money Markets
Account FlexSmart Business Money Market Premier Business Money Market
A smart option for: Those who want to take advantage of rising interest rates. Those looking to keep money local and liquid with tiered rates.
Benefit: Competitive rates that adjusts with that market, automatically No rate cap to limit earnings
Earns Interest: Indexed to the 13-week Treasury bill (updated weekly) Management set rate (subject to change)
Six preauthorized transfers permitted per statement cycle:*
Online & Mobile Banking:
Minimums: $1.00 to open

$1,000 average daily balance to earn interest

$1.00 to open

$25 average daily balance to earn interest

Monthly Maintenance Service Charge: None None
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Savings

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Statement Savings

Our classic savings account to simplify savings for busy businesses.

  • Competitive interest rates
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Grow & Go Savings

Earn higher interest rates on your larger liquid cash reserves.

  • Higher interest rates
  • No monthly maintenance service charge
Compare Business Savings Accounts
Account Statement Savings Grow & Go Savings
A smart option for: Those looking for a classic savings account. Those with larger cash reserves looking to earn higher interest rates. 
Benefit: Start creating a reserve for your short- and long-term business needs Earn more on higher balances
Earns Interest:
Minimum to Open: $1.00 to open $10,000 to open
Online & Mobile Banking:
No Minimum Balance:
No Monthly Maintenance Service Charge:
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Man on phone with laptop

CDs And IRAs

Let your money do more of the work for you. CDs and IRAs are easy, hands-off options that can lead to stable returns. We offer traditional CDs, tiered-rate CDs, traditional IRAs, and Roth IRAs.

The Right Business Solution

At The Right Time

From start-up to Fortune 500, you need a bank that understands and anticipates your needs. One that believes in your mission. At GSB, we’ve designed our business products and services around our customers’ evolving needs. So even if you don’t know what your business will need in five years, we do. We’ve been there. And we’re always here for you.

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