Alert

To learn more about the Equifax breach and steps you can take to guard your personal information, please visit our News section at www.gorhamsavingsbank.com/news

CDs & IRAs

Let your money do more of the work! Start earning competitive interest with as little as $500. Terms are flexible and can range from ninety-one days to five years.

Certificate of Deposit (CD)

Choose from a variety of terms that meet your needs.

 

Features

$500 minimum deposit to open

Earns interest

Variety of terms to choose from 

RATES  OPEN A CD NOW

A penalty may be assessed for early withdrawals. 

Only the 12 month CD and 60 Month CD are available to open online.

Individual Retirement Account (IRA)

Work toward retirement and plan for the future no matter what your age.

 

Features

Variety of terms and rates to choose from

Traditional, ROTH or SEP IRAs offered

$500 minimum deposit to open

RATES  CONTACT US

A penalty may be assessed for early withdrawals.
Please consult your tax advisor about tax deductions and contribution guidelines.

 

Hassle Free Tiered CD

Enjoy all the benefits of a CD without restrictive early closure penalties.

 

Features

$500 minimum deposit to open

Three tiers of interest

No bank penalty for early closure during initial term.

RATES

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 However, if any of the principal is withdrawn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.

CDARS®

 CDARS® combines the security of FDIC insurance with the convenience of working with a single financial institution.

 

Features

Work with one bank to access multi-million-dollar FDIC insurance coverage

Earn one rate for each CD maturity

Receive one easy-to-read statement summarizing all your CD accounts

Learn more Contact Us

Gorham Savings Bank
Moving accounts is a breeze
In the past, moving a checking account has been a pain. But now, ClickSWITCH can transfer all your direct deposits and bill payments in less than 10 minutes. In many cases, five.
Learn More
Gorham Savings Bank
Branch-In-A-Box
Talk with a live teller to:
  • Make deposits
  • Transfer funds
  • Make loan payments
  • Bank until 6pm weekdays
Learn More
Gorham Savings Bank
Hold onto your home equity.
The equity you’ve built in your house is precious, indeed. Why give it away in closing costs and application fees or by paying rates over Prime
 if you don't have to? Now you don't have to.
Learn More
Moving Accounts
In the past, moving a checking account has been a pain. But now, ClickSWITCH can transfer all your direct deposits and bill payments in less than 10 minutes. In many cases, five.
Learn More
Branch-In-A-Box
Talk with a live teller to:
  • Make deposits
  • Transfer funds
  • Make loan payments
  • Bank until 6pm weekdays
Learn More
Home Equity Loans
The equity you’ve built in your house is precious, indeed. Why give it away in closing costs and application fees or by paying rates over Prime if you don't have to? Now you don't have to.
Learn More