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Savings & CDs
Business Money Market Account |
Business Money Market Plus Account
Katahdin Business Money Market Account |
Business Statement Savings
Certificates of Deposit |
Easy Access CD
Earn interest on your money while maintaining immediate access to your funds with a Business Money Market Account.
- Unlimited deposits
- Unlimited in person withdrawals and up to six transfers per month, three of which may be by check or similar orders to pay to third parties
- Tiered competitive variable rate of interest, credited to your account monthly
- Detailed monthly statement shows deposits, withdrawals and interest earned
- Direct deposit available
- Automatic transfer service available
- $50 minimum deposit to open
- $750 minimum daily balance required to earn interest
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For the business with $10,000 or more to invest a Money Market Plus pays an even higher rate of interest than our traditional Money Market. With Money Market Plus you earn money market rates without the risk, while maintaining immediate access to your funds. A Katahdin Trust Company Business Checking Account is required to open or maintain a Business Money Market Plus Account.
- Unlimited deposits
- Unlimited in person withdrawals and up to six transfers per month, three of which may be by check or similar orders to pay to third parties
- Tiered competitive variable rate of interest, based on the 13-week T-bill rate, credited to your account monthly
- Detailed monthly statement shows deposits, withdrawals and interest earned
- Direct deposit available
- Automatic transfer service available
- $10,000 minimum deposit to open
- $750 minimum daily balance required to earn interest
- Maintain $10,000 average daily balance to avoid $10 monthly service charge
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 Available for a limited time only!
A flexible deposit account for businesses with $30,000 or more to invest from funds not currently on deposit with Katahdin Trust Company. This account offers a higher rate than any of our Money Market Accounts. A Katahdin Trust Company Business Checking Account is required to open or maintain a Katahdin Business Money Market Account.
- A Money Market rate without the risk
- Convenient 24-hour access to funds with Business Online Banking, Visa® Business Check Card, and Easy Phone Banking
- Unlimited deposits
- Unlimited in person withdrawals and up to six transfers per month, three of which may be by checks or similar orders to pay to third parties
- Detailed monthly statement shows deposits, withdrawals, and interest earned
- Free direct deposit available
- Free automatic transfer service available
- Free personalized checks and deposit slips are available
- $30,000 minimum deposit to open from funds not currently on deposit with Katahdin Trust Company
- Maintain $30,000 average daily balance during the statement cycle to avoid $15 monthly maintenance fee
- Not available for public funds
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- Convenient method to set aside funds
- Provides for immediate access to your funds
- Unlimited deposits
- Unlimited in person withdrawals and up to six transfers per month
- Direct deposit available
- Automatic transfer service available
- Detailed quarterly statement shows deposits, withdrawals, and interest earned
- Pays a competitive variable rate of interest, credited to your account monthly
- Low $10 minimum required to open the account
- $50 average daily balance is required to avoid a $1.00 per month service charge
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For short or long term investments, you can select a CD term that coincides with the investment needs of your business.
- Low $500 minimum to open
- Terms available from 30 days to five years
- Automatic renewal
- Rate of interest depends on the term you select
- Quarterly statement
- Penalty for early withdrawal of funds
- May be used as collateral for a loan
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Our Easy Access CD provides for a fixed rate of interest while allowing you the flexibility to make additional deposits and one withdrawal during the 6 month term.
- Low $500 minimum balance to open
- 6 month term
- Unlimited deposits ($500 minimum required per deposit)
- One withdrawal, without penalty, during the 6 month term
- Automatic renewal feature
- Quarterly statement
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