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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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Rates

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Savings Rates

Rates for CDs, IRAs, and traditional Savings accounts.
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Checking Rates

Rewards checking, high yield checking, and Health Savings.
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Loan Rates

Home Equity and Consumer Loans.
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Business Rates

Money Market, IOLTA/RAHF Checking, & Earning Credit

Savings

CDs & IRAs

Term
Annual Percentage Yield (APY)
Minimum Deposit To Open
91 day (CD Only) 2.65% $500.00
6 month 2.00% $500.00
12 month 3.75% $500.00
18 month 2.90% $500.00
24 month 3.00% $500.00
36 month 0.85% $500.00
48 month 0.95% $500.00
60 month 1.00% $500.00

Effective as of November 22, 2024

7 Month Special

Average Daily Balance
Annual Percentage Yield (APY)
Minimum Deposit To Open
$50,000 or more 4.10% $500.00
$500.00 - $49,999.99 4.10%  $500.00

Effective as of November 22, 2024

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IRAs not available to open online.  All CDs except the  91 Day and 7 Month Special  are available to open online.x`

Rates are subject to change without notice. Minimum deposit to open and minimum average daily balance to obtain Annual Percentage Yield is $500.

The Annual Percentage Yield assumes interest remains on deposit until maturity and that a withdrawal will reduce earnings. A penalty may be applied for early withdrawals. If any of the principal is withdrawn before the maturity date, federal law may require that a penalty be imposed equal to at least seven (7) days' simple interest. For variable rate accounts, this penalty will be calculated using the rate in effect at the time of the withdrawal.

18 Month Hassle Free Tiered CD

Average Daily Balance
Annual Percentage Yield (APY)
Minimum Deposit To Open
$75,000 or more 0.15% $500.00
$25,000 - $74,999.99 0.10% $500.00
$500.00 - $24,999.99 0.05%  $500.00

Effective as of November 22, 2024

Rates are subject to change without notice. Minimum deposit to open and minimum average daily balance to obtain Annual Percentage Yield is $500.00. The Annual Percentage Yield assumes interest remains on deposit until maturity and that a withdrawal will reduce earnings. There is no bank penalty for early closure during the initial term. However, if any of the principal is withdrawn before the maturity date, federal law may require that a penalty be imposed equal to seven (7) days' simple interest. For variable rate accounts, this penalty will be calculated using the rate in effect at the time of the withdrawal.

Statement Savings

Average Daily Balance
Annual Percentage Yield (APY)
Minimum Deposit To Open
$25.00 0.10% $1.00

Effective as of November 22, 2024

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Rates are subject to change without notice and may change after account opening. Minimum deposit to open is $1.00 and minimum average daily balance to obtain Annual Percentage Yield is $25.00. Six preauthorized transfers are permitted per month if you receive your statements quarterly. However if you receive a monthly statement, six preauthorized transactions are permitted per statement cycle. Excessive transactions may result in additional fees and/or closure of the account.

Grow & Go Savings

Average Daily Balance
Annual Percentage Yield (APY)
Minimum Deposit To Open
$500,000 or more 1.10% $10,000
$250,000 - $499,999.99 0.95% $10,000
$75,000 - $249,999.99 0.85% $10,000
$50,000 - $74,999.99 0.80% $10,000
$25,000 - $49,999.99 0.35% $10,000
$10,000 - $24,999.99 0.20% $10,000
  $25.00 - $9,999.99 0.15% $10,000

Effective as of November 22, 2024

Rates are subject to change without notice and may change after account opening. Minimum deposit to open is $10,000 and the minimum average daily balance to obtain Annual Percentage Yield is $25.00. Six preauthorized transfers are permitted per month if you receive your statements quarterly. However if you receive a monthly statement, six preauthorized transactions are permitted per statement cycle. Excessive transactions may result in additional fees and/or closure of the account.

Checking

Make CentsSM Checking

Average Daily Balance
Annual Percentage Yield (APY)
Minimum Deposit To Open
$10,000 or more 0.05% $1.00
$25 - $9,999.99 0.02% $1.00

Effective as of November 22, 2024

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Rates are subject to change without notice and may change after account opening. Minimum deposit to open is $1.00 and minimum average daily balance to earn Annual Percentage Yield is $25.00. Paper Statement Fee is $5.00. However, this fee may be waived if eStatements are selected instead of paper statements. A combination of 5 checks paid or bill payments processed per cycle are allowed. $1.00 per item will be charged after the first 5. Any fees could reduce earnings.

Champion Checking

Average Daily Balance
Annual Percentage Yield (APY)
Minimum Deposit To Open
High Tier: With One ACH Deposit That Posts And Clears Per Statement Cycle
$5,000,000 or more 0.60% $1.00
$500,000 - $4,999,999.99 0.75% $1.00
$250,000 - $499,999.99 0.60% $1.00
$100,000 - $249,999.99 0.25% $1.00
$50,000 - $99,999.99 0.20% $1.00
$10,000 - $49,999.99 0.15% $1.00
$25 - $9,999.99 0.05% $1.00
Low Tier: Without ACH Deposit That Posts And Clears Per Statement Cycle
$5,000,000 or more 0.20% $1.00
$500,000 - $4,999,999.99 0.20% $1.00
$250,000 - $499,999.99 0.20% $1.00
 $100,000 - $249,999.99 0.15% $1.00
 $50,000 - $99,999.99 0.10% $1.00
 $10,000 - $49,999.99 0.05% $1.00
 $25 - $9,999.99 0.05% $1.00
           

Effective as of November 22, 2024

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Rates are subject to change without notice and may change after account opening. Minimum deposit to open is $1.00 and minimum average daily balance to earn Annual Percentage Yield is $25.00. Any fees could reduce earnings.

Health Savings Account (HSA Checking)

Save for qualified medical expenses for you and your family.

Average Daily Balance
Annual Percentage Yield (APY)
Minimum Deposit To Open
$25.00 0.01% N/A

Effective as of November 22, 2024

Rates are subject to change without notice and may change after account opening. No opening deposit is required; however account must be funded within 90 days of opening. Paper statement fee is $5.00 per month. However, may be waived if eStatements are selected instead of paper statements. The minimum average daily balance to obtain Annual Percentage Yield is $25.00. Must be enrolled in a high deductible health plan to qualify. Any fees could reduce earnings.

Money Market Checking

 
Average Daily Balance
Annual Percentage Yield (APY)
Minimum Deposit To Open
$250,000 or more 0.15% $1.00
$100,000 - $249,999.99 0.15% $1.00
$50,000 - $99,999.99 0.15% $1.00
$25,000 - $49,999.99 0.10%  $1.00
 $10,000 - 24,999.99 0.10% $1.00
$5,000 - $9,999.99 0.05% $1.00
$25 - $4,999.99 0.01%  $1.00

Effective as of November 22, 2024

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Rates are subject to change without notice and may change after account opening. Minimum deposit to open is $1.00 and minimum average daily balance to earn Annual Percentage Yield is $25.00. Any fees could reduce earnings.

Champion Money Market

Average Daily Balance
Annual Percentage Yield (APY)
Minimum Deposit To Open
$250,000 or more 2.75% $1.00
$100,000 - $249,999.99 2.75% $1.00
$50,000-$99,999.99 1.50% $1.00
$25,000-49,999.99 1.05% $1.00
$10,000-$24,999.99 0.85% $1.00
$25-$9,999.99 0.50% $1.00

Effective as of November 22, 2024

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Rates are subject to change without notice and may change after account opening. An average daily balance of $5,000.00 is required to avoid a monthly maintenance service charge of $8.00. Minimum average daily balance to obtain Annual Percentage Yield is $25.00 Any fees could reduce earnings.

 

Indexed Advantage Money Market

Average Daily Balance
Annual Percentage Yield (APY)
Minimum Deposit To Open
$500,000 or more 3.37% $1.00
$250,000-$499,999.99 2.69% $1.00
$1,000-$249,999.99 2.23% $1.00
$0.00-$999.99 0.00% $1.00

Effective as of November 22, 2024

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Rates are subject to change without notice and may change after account opening. Minimum deposit to open account is $1.00 and minimum average daily balance to obtain Annual Percentage Yield is $1,000.00. By Federal Regulation, six preauthorized transfers are permitted per statement cycle. Conversion to a transaction account or account closure may be required if transaction limitations are exceeded. Any fees could reduce earnings.

Loans

Home Equity Line of Credit

No Application Fee | No Closing Costs*

Term
Annual Percentage Rate (APR)
Minimum Loan Amount
Revolving Line of Credit 7.75% $10,000

Effective as of November 22, 2024

Application

*No closing costs, but property and hazard insurance required, plus flood insurance if applicable. Excludes expenses for unusual or extraordinary property appraisals or title issues, generally totaling between $0.00 and $375.00.  Minimum credit line is $10,000.  Penalty for early termination. Other restrictions may apply. Offer of credit is subject to approval. Rates are subject to change without notice. Maximum APR is 18.00%.

Mortgages

For today's rates call (207) 221-8474.

Talk To A Mortgage Lender

Business

FlexSmart Money Market

Average Daily Balance
Annual Percentage Yield (APY)
Minimum Deposit To Open
$500,000 or more 3.37% $1.00
$250,000 - $499,999.99 2.23% $1.00
$1,000-$249,999.99 2.23% $1.00
$0.00 - $999.99 0.00% $1.00

Effective as of November 22, 2024

View Account Details

Rates are subject to change without notice and may change after account opening. Minimum deposit to open account is $1.00 and minimum average daily balance to obtain Annual Percentage Yield is $1,000.00. By Federal Regulation, six preauthorized transfers are permitted per statement cycle. Conversion to a transaction account or account closure may be required if transaction limitations are exceeded. Accounts closed within first six months of opening will be charged $150.00. Any fees could reduce earnings.

 

Business Money Market - Tiered

Average Daily Balance
Annual Percentage Yield (APY)
Minimum Deposit To Open
$250,000 or more 0.40% $1.00
$100,000 - $249,999.99 0.35% $1.00
$50,000 - $99,999.99 0.30% $1.00
$25,000 - $49,999.99 0.25%  $1.00
 $10,000 - $24,999.99 0.20%  $1.00
 $5,000 - $9,999.99 0.20%  $1.00
 $25 - $4,999.99 0.20%  $1.00

Effective as of November 22, 2024

Rates are subject to change without notice and may change after account opening. Minimum deposit to open account is $1.00 and minimum average daily balance to obtain Annual Percentage Yield is $25.00. By Federal Regulation, six preauthorized transfers are permitted per statement cycle. Conversion to a transaction account or account closure may be required if transaction limitations are exceeded. Fees may reduce earnings.

Premier Business Money Market

Average Daily Balance
Annual Percentage Yield (APY)
Minimum Deposit To Open
$1,000,000 or more 3.00% $1.00
$500,000 - $999,999.99 2.70% $1.00
$250,000 - $499,999.99 2.60% $1.00
$100,000 - $249,999.99 2.45%  $1.00
 $50,000 - $99,999.99 1.45%  $1.00
 $10,000 - $49,999.99 1.25%  $1.00
 $25 - $9,999.99 0.35%  $1.00

Effective as of November 22, 2024

Rates are subject to change without notice and may change after account opening. Minimum deposit to open account is $1.00 and minimum average daily balance to obtain Annual Percentage Yield is $25.00. By Federal Regulation, six preauthorized transfers are permitted per statement cycle. Conversion to a transaction account or account closure may be required if transaction limitations are exceeded. Fees may reduce earnings.

IOLTA & RAHF Checking

Average Daily Balance
Annual Percentage Yield (APY)
Minimum Deposit To Open
$25.00 2.00% $1.00

Effective as of November 22, 2024

Rates are subject to change without notice and may change after account opening. Minimum deposit to open account is $1.00 and minimum average daily balance to obtain Annual Percentage Yield is $25.00. Fees could reduce earnings.

Business Checking Earnings Credit

Leverage your checking account balances to reduce or eliminate service charges

Average Daily Balance
Interest Rate
Minimum Deposit To Open
$25.00 0.40% N/A

Effective as of November 22, 2024

Rates are subject to change without notice and may change after account opening. An average daily balance of $25.00 is required to earn this credit.