Katahdin Trust Company

Christmas Club

Christmas Club

Plan ahead for all those special needs such as taxes, Christmas shopping, a vacation or anything you want to save for.

  • Earn a higher rate of interest than a savings account.
  • Automatic transfers from any Katahdin checking or savings account.
  • Flexible deposit/payment schedule.

Details

  • It may be opened any time.
  • Deposits are automatically transferred from a Katahdin checking or savings account.
  • Flexible deposit/payment schedule.
    • Any amount ($1 minimum)
    • Weekly, biweekly, monthly or quarterly transfers
  • Matures in September and automatically renews.
  • Ending account balance will be automatically deposited back into your account from which your club payments were made or any other Katahdin deposit account of your choice.
  • Earns interest which is credited to the account annually.
  • Early withdrawals from the account are not permitted.

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 Please refer to our "Fees for General Services" brochure for additional fees that may apply.