Gorham Savings Bank - Home
Email Us

Savings / CDs & IRAs

Enjoy a smart set of tools to help you save. Our range of savings accounts gives you options - how much you set aside, how accessible your money is. Whatever your criteria, we make it possible and we keep it simple.

Products

  • Statement Savings

    Our traditional savings account. Start earning interest and making the most of your money today.

    FEATURES
    • Earns interest
    • Online Banking Services
    • ATM card

    THINGS YOU SHOULD KNOW
    • $1.00 minimum deposit to open the account.
    • 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 closure of the account.
  • Online Savings

    Available only online, with a rate that is always higher than our Statement Savings account.

    FEATURES
    • Earns interest
    • No monthly maintenance service charge
    • ATM card

    THINGS YOU SHOULD KNOW
    • $1.00 minimum deposit to open the account.
    • Online Banking services and eSTATEMENTS are required.
    • 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.
  • Certificate of Deposit (CD)

    Get a guaranteed rate of return and choose from a variety of terms.

    FEATURES
    • $500 minimum deposit to open
    • Earns interest
    • Variety of terms to choose from

    THINGS YOU SHOULD KNOW
    • A penalty may be applied for early withdrawals.
  • Individual Retirement Account (IRA)

    Get a guaranteed rate of return and choose from a variety of terms.

    FEATURES
    • Variety of terms and rates to choose from
    • Traditional, ROTH or SEP IRAs offered
    • $500 minimum deposit to open

    THINGS YOU SHOULD KNOW
    • A penalty may be assessed for early withdrawals.
    • Please consult your tax advisor about tax deductions and contribution guidelines.
  • Tiered Hassle Free CD

    A CD for the person who wants to reap the savings rewards but needs the option of a penalty-free early closure.

    FEATURES
    • $500 minimum deposit to open
    • Three tiers of interest
    • No bank penalty for early closure during initial term

    THINGS YOU SHOULD KNOW
    • Closure after the first 7 days is penalty free.
    • If the account is closed within the first 7 days of opening, a penalty will be assessed.
    • More than one withdrawal results in account closure.
  • CDARS® - Certificate of Deposit Account Registry Service®

    CDARS® offers multiple benefits to depositors who want to combine the security of access to FDIC insurance with the convenience of working directly with just one financial institution. For more information, please visit www.cdars.com.

Did you know...

" "

Make an appointment
or send us a comment

Call our Customer Service Center Today:

1-207-839-4796

1-800-492-8120

Equal Housing Lender Member FDIC