Overnight Investment Sweep Account
Raise your return on available balances and eliminate manual transfers between accounts. Excess checking balances will be automatically swept into an investment vehicle to maximize your earning potential.
Dual Sweep
Link your Operating Account with both your Line of Credit and Investment Sweep Account. Excess funds are automatically applied to whichever vehicle is of greatest benefit in maximizing return. This service is ideal for clients with seasonal cash flows.
Investment products (1) are not insured by the FDIC or any other agency of the United States, (2) are not deposits or other obligations of, or guaranteed by, Bangor Savings Bank, and (3) are subject to investment risk, including possible loss of principal amount invested.
Government Sweep Services
Excess Government Checking account balances can be automatically swept into a Government NOW Account to improve your return on cash assets.
Government NOW Account
A higher yielding, interest paying account available only to government and municipal account relationships.
*For all Qualifications and Considerations, please see Government NOW Account Terms & Conditions on the disclosures page.
Government Checking
Economical, state-of-the-art checking with local, community bank service. Features include unlimited check writing and deposit activity with available online banking services.
* For all Qualifications and Considerations, please see Government Checking Terms & Conditions on the disclosures page.
Cash Management Money Market Account
Open with a $250,000 minimum; interest is compounded daily with a minimum daily balance of $5,000.
Line of Credit Sweep Account
It's easy to minimize interest expense and increase operating efficiency. Excess checking balances are automatically applied to a commercial operating line of credit to reduce outstanding debt. Advances against a line are made automatically when a shortfall occurs in the operating account.
Zero Balance Accounts
Link your company's master account to subsidiary accounts that hold zero or threshold balances. Individual deposit and disbursement accounts are maintained to facilitate account reconciliation. Funds from the accounts are consolidated nightly to maximize investment opportunities.
