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APY = Annual Percentage Yield. APR = Annual Percentage Rate. Rates effective as of 11/01/2019. Fees may reduce earnings. Rates are subject to change without notice. Contact Bangor Federal to request further information concerning the fees and terms applicable to the advertised accounts.

Truth-in-Savings Disclosure for Share Accounts  

Savings AccountsLearn More

Account Minimum to Open Minimum to Earn
Dividends
Dividend
Rate
Annual Percentage
Yield
Regular Savings $5 $25 0.10% 0.10%
Club Accounts $0 $0 0.10% 0.10%
Health Savings Account $0 $0 0.10% 0.10%

Money Market AccountLearn More

Balance Minimum to
Open
Dividend
Rate
Annual Percentage
Yield
$2,000 - $19,999.99 $2,000 0.60% 0.60%
$20,000 - $74,999.99 $2,000 0.80% 0.80%
$75,000+ $2,000 1.00% 1.00%

Dividend rate is paid based on the aggregate balance method

IRA SavingsLearn More

Balance Minimum to Open Dividend
Rate
Annual Percentage
Yield
$25 - $19,999.99 $25 0.60% 0.60%
$20,000 - $74,999.99 $25 0.80% 0.80%
$75,000+ $25 1.00% 1.00%

Dividend rate is paid based on the aggregate balance method

Share & IRA CertificatesLearn More

Term Minimum to
Open
Dividend
Rate
Annual Percentage
Yield
6 months (not available for IRA) $500 1.80% 1.81%
1 year (not available for IRA) $500 2.10% 2.12%
18 months (not available for IRA) $500 2.30% 2.32%
2 years $500 2.40% 2.43%
3 years $500  2.60% 2.63%
4 years $500 2.80% 2.84%
5 years $500  3.00% 3.04%
1 Year Super Saver Certificate (not available for IRA) $50 1.25% 1.26%

Dividend rates for Certificates and IRA Certificates are guaranteed from time of purchase to maturity. A penalty will be imposed if funds are withdrawn prior to maturity on all Certificates and IRA Certificates. Fees could reduce the earnings on the account. View Account Limitations below for more information on penalties pertaining to early withdrawal of certificates.

Truth-in-Savings Disclosure for Certificates

 

Jumbo Share & IRA CertificatesLearn More

Term Minimum to
Open
Dividend
Rate
Annual Percentage
Yield
6 months (not available for IRA) $100,000 1.90% 1.92%
1 year (not available for IRA) $100,000 2.20% 2.22%
18 months (not available for IRA) $100,000 2.40% 2.43%
2 years $100,000 2.50% 2.53%
3 years $100,000 2.70% 2.73%
4 years $100,000 2.90% 2.94%
5 years $100,000 3.10% 3.14%

Dividend rates for Certificates and IRA Certificates are guaranteed from time of purchase to maturity. A penalty will be imposed if funds are withdrawn prior to maturity on all Certificates and IRA Certificates. Fees could reduce the earnings on the account. View Account Limitations below for more information on penalties pertaining to early withdrawal of certificates.

Truth-in-Savings Disclosure for Certificates

 

Kasasa Cash*Learn More

Balance Dividend
Rate
Annual Percentage
Yield
0 - $10,000 2.95% 3.00%
$10,000+ 0.25% 3.00% to 0.50%
All balances if qualifications not met 0.05% 0.05%

Qualifications

Enrollments must be in place and all of the following transactions and activities must post and settle to your Kasasa Cash® account during each Monthly Qualification Cycle: 

  • At least 12 debit card purchases
  • Be enrolled in and log into online banking 

That’s it. Didn’t meet your qualifications? No worries. Your account is still free, and you still earn our base dividend rate. Then you can get back to earning your full rewards the very next month.

Kasasa Saver*Learn More

Balance Dividend
Rate
Annual Percentage
Yield
0 - $20,000 0.75% 0.75%
$20,000+ 0.25% 0.75% to 0.33%
All balances if qualifications not met 0.05% 0.05%

Qualifications

Qualifying for your Kasasa Cash or Kasasa Cash Back® rewards automatically qualifies you for the highest Kasasa Saver® rate too. Enrollments must be in place and all of the following transactions and activities must post and settle to your Kasasa Cash or Kasasa Cash Back account during each Monthly Qualification Cycle:

  • At least 12 debit card purchases
  • Be enrolled in and log into online banking

That's it. Even if you don't meet your qualifications during the cycle, your Kasasa accounts are still free. Plus, you'll still earn our base dividend rate on Kasasa Saver. And you can get right back to earning your full rewards the very next month!

Loan Rates

Loan Type Maximum Term Annual Percentage Rate Payment per $1,000
New Autos (2017 and newer) up to 7 years as low as 3.25% $29.273
Used Autos (2011 - 2016) up to 6 years as low as 3.75% $29.504
Used Autos (2008 - 2010) up to 4 years as low as 6.50% $30.815
Recreational Vehicles & Others up to 10 years as low as 4.75% $18.836
Personal Loan up to 6 years as low as 8.50% $24.817
Personal Line of Credit1 n/a 8.75% $50/month or 2% of balance
Overdraft Line of Protection2 n/a 12.00% $50/month or 2.5% of balance
Share Secured Loan - 100% up to 5 years 3% above Regular Savings $18.068
Home Equity Line of Credit (HELOC)      
    Home Equity Plus - 80% LTV9 n/a 5.50% Interest Only
    Home Equity Plus - 90% LTV9 n/a 6.50% Interest Only
Fixed Rate Easy Equity Loan10      
     Up to 80% LTV up to 20 Years as low as 4.25%  $18.6011
     80.01 to 90% LTV up to 20 years as low as 4.75%  $18.8312
    90.01 to 100% LTV up to 20 years as low as 5.25%  $19.0713
Mobile Home (Park and Land) up to 15 years as low as 6.75%  $19.7914
Land Loans up to 12 years as low as 6.25%  $19.5515

Membership eligibility is required for all loans. A one-time $5 membership fee will apply for new members. 
Maximum term is the maximum term available for each loan type.  It does not indicate the term eligible for the as low as rate.
All loans are subject to a minimum payment amount of $50.  Title and UCC fees will be charged when necessary.

1 Personal line of credit rate is subject to change quarterly and is 3.5% above the Prime Rate as shown in the Wall Street Journal (the 'Index').  Changes in your interest rate will be calculated using the Index figure available 45 days before each Change Date.  This figure rounded to the nearest .25% plus the applicable margin will be your new APR* effective on the next Change Date.  The prime rate was 5.25% APR* as of August 17, 2019.

2Overdraft Line of Protection advances have a fee of $2.50 per transfer when automatic transfers occur. No fee is charged when Online/Mobile Banking and/or in-person transfers occur.  

3 Term up to 36 months.  Estimated monthly payment is $29.27 per $1,000 borrowed.  We use risk-based pricing to determine the interest rate.  Actual rate will vary based on borrower's credit-worthiness and the selected term.

4 Term up to 36 months.  Estimated monthly payment is $29.50 per $1,000 borrowed.  We use risk-based pricing to determine the interest rate.  Actual rate will vary based on borrower's credit-worthiness and the selected term.

5 Term up to 36 months.  Estimated monthly payment is $30.81 per $1,000 borrowed.  We use risk-based pricing to determine the interest rate.  Actual rate will vary based on borrower's credit-worthiness and the selected term.

6 Term up to 60 months.  Estimated monthly payment is $18.83 per $1,000 borrowed.  We use risk-based pricing to determine the interest rate.  Actual rate will vary based on borrower's credit-worthiness and the selected term.

7 Term up to 48 months.  Estimated monthly payment is $24.81 per $1,000 borrowed.  We use risk-based pricing to determine the interest rate.  Actual rate will vary based on borrower's credit-worthiness and the selected term.

8 Term up to 60 months.  Estimated monthly payment is $18.06 per $1,000 borrowed.  Payment per $1,000 based on Regular Savings rate.

9Loan to value is the percentage of appraised value less first mortgage balance.  The maximum APR is 15.0%. The maximum increase or decrease on any Change Date will be 2%. Any increase or decrease not taken because of this 2% cap may be carried over to the next Change Date. Annual Percentage Rate may vary. Balloon payments do not apply to Home Equity Lines of Credit. Property Insurance may be required. Loan to value is the percentage of appraised value less first mortgage balance.

The rate is adjusted quarterly based on Prime as shown in the Wall Street Journal (the "Index").  Changes in your interest rate will be calculated using the Index figure available 45 days before each Change Date.  This figure rounded to the nearest .25% plus the applicable margin will be your new APR effective on the next Change Date. Rate for HELOC 80% LTV is calculated as Prime +0%. Rate for HELOC 90% LTV is calculated as Prime +1%. The prime rate was 5.25% APR as of August 17, 2019.

Minimum Payment Requirements:  You can obtain credit advances for 3 years.  This period is called the "draw period."  At our option, we may renew or extend the draw period.  After the draw period ends the repayment period will begin.  The length of the repayment period will be 20 years.  You will be required to make monthly payments during both the draw and repayment periods.  During the draw period, your monthly payment will equal the finance charges (interest) that accrued on the outstanding balance during the preceding month.   Your payment will include any amounts past due and any amount by which you have exceeded your credit limit, and all other charges.  At the beginning of the repayment period, we will recalculate your payment. Your payment will be set to repay the balance at the current annual percentage rate over 20 years.  Each time the annual percentage rate changes, we will adjust your payment to repay the balance within the original 12 years.  Your payment will include any amounts past due and any amount by which you have exceeded your credit limit and all other charges.  During the repayment period, your payment will never be less than the smaller of $50.00 or the full amount that you owe.

A one-time processing fee of $350 will be charged to your line upon origination of your Home Equity Line of Credit.  The minimum credit limit is $5,000 and the minimum advance is $500.  There are no transaction or activity charges.  Should the loan require title insurance, the fee is $1.50 per $1,000.

10 Processing and closing costs may vary and include: $300 appraisal fee, title Search fee between $60 and $575 dependent on lien position and loan, $20 flood determination fee, $36 filing fee, and $1.50 per $1,000 title insurance fee. Contact BFCU for specific information about third-party fees. Property insurance is required.  Property insurance and taxes are not included in the payment.  

11 Term up to 60 months. Estimated monthly payment is $18.60 per $1,000 borrowed. We use risk-based pricing to determine the interest rate. Actual rate will vary based on borrower's credit-worthiness and the selected term. LTV up to 80%.

12 Term up to 60 months. Estimated monthly payment is $18.83 per $1,000 borrowed. We use risk-based pricing to determine the interest rate. Actual rate will vary based on borrower's credit-worthiness and the selected term. LTV 80.01% to 90%.

13 Term up to 60 months. Estimated monthly payment is $19.07 per $1,000 borrowed. We use risk-based pricing to determine the interest rate. Actual rate will vary based on borrower's credit-worthiness and the selected term. LTV 90.01 to 100%.

14 Term up to 60 months. Estimated monthly payment is $19.79 per $1,000 borrowed. We use risk-based pricing to determine the interest rate. Actual rate will vary based on borrower's credit-worthiness and the selected term.

15 Term up to 60 months. Estimated monthly payment is $19.55 per $1,000 borrowed. We use risk-based pricing to determine the interest rate. Actual rate will vary based on borrower's credit-worthiness and the selected term.

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