Savings/CD/IRAs
Statement Savings |
Christmas Club |
Money Market
Money Market Plus |
Green Money Market Account |
Katahdin Money Market Account
Certificates of Deposit |
Easy Access CD|
Traditional IRA |
Roth IRA
Coverdell Education Savings Account
This account provides a convenient method to save with ready access to your funds.
- Low $10 minimum to open the account
- Unlimited deposits
- Unlimited in person and ATM withdrawals and up to six transfers per month
- Included in the six transfers are transfers made by Easy Phone Banking and Online Banking
- Detailed monthly statement shows deposits, withdrawals, and interest earned
- Free direct deposit available
- Free automatic transfer service available
- Free 24-Hour Easy Phone Banking
- Pays a variable rate of interest, credited to your account monthly
- $50 average daily balance required to avoid a $1.00 per month service charge.
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This account provides for a convenient method to plan ahead for all those special needs such as taxes, Christmas, a vacation or anything you want to save for. It may be opened any time and matures in mid-September with the ending account balance deposited back into your account from which your club payments were made.
- Deposits (payments) are automatically transferred from Checking or Savings Account
- Earns interest which is credited to the account annually
- Flexible deposit (club payment) schedule
- Any amount ($1 minimum)
- Weekly, biweekly, monthly or quarterly transfers
- Automatically renews at maturity
- Account balance automatically deposited back into your account so you don't have to make a special trip to the bank to deposit your check
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Earn higher interest than a traditional savings account while maintaining immediate access to your funds.
- 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
- Also included in the six transfers are transfers made by Easy Phone Banking and Online Banking
- Tiered competitive variable rate of interest, credited to your account monthly
- Detailed monthly statement shows deposits, withdrawals, and interest earned
- Free direct deposit available
- Free automatic transfer service available
- Free 24-Hour Easy Phone Banking
- $50 minimum deposit to open
- $750 minimum daily balance required to earn interest
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For customers 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 Personal Checking Account is required to open or maintain a 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
- Also included in the six transfers are transfers made by Easy Phone Banking and Online Banking
- 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
- Free 24-Hour Easy Phone Banking
- Free direct deposit available
- Free 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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A flexible deposit account for customers with $15,000 or more to invest. The Green Money Market Account offers a higher rate than our Money Market Account or our Money Market Plus Account. A Katahdin Trust Company Personal Checking Account is required to open or maintain a Green Money Market Account.
- Convenient 24 hour access to funds with Online Banking, VisaŽ 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 check or similar orders to pay to third parties
- Also included in the six transfers are transfers made by Easy Phone Banking and Online Banking
- Detailed monthly statement shows deposits, withdrawals, and interest earned
- Free direct deposit available
- Free automatic transfer service available
- Personalized checks and deposit slips are available at no charge
- $15,000 minimum deposit to open and earn the high variable rate of interest
- Balances from $750 to $15,000 earn a competitive variable rate of interest
- $750 minimum daily balance required to earn interest
- Maintain $100 average daily balance during the statement cycle to avoid $2 monthly maintenance fee
- Available for personal accounts only
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 Available for a limited time only!
A flexible deposit account for customers 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 VIP Free Interest Checking Account is required to open or maintain a Katahdin Money Market Account.
- A Money Market rate without the risk
- Convenient 24-hour access to funds with Online Banking, Visa® 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
- 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
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For short or long term savings, you can select a CD term that coincides with your savings goal. You have the option of allowing your interest to stay in the account and compound, be mailed to you in the form of a check, or deposited to another one of your Katahdin Trust Company accounts.
- Low $500 minimum to open
- Terms available from 30 days to five years
- Automatic renewal feature
customers
- Quarterly statement (monthly for deposit customers with a combined statement)
- Free 24-Hour Easy Phone Banking service
- Penalty for early withdrawal of funds
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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 (monthly for deposit customers with a combined statement)
- Free 24-Hour Easy Phone Banking service
The Easy Access CD is not available for IRA or SEP accounts.
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A special investment account to accumulate funds for retirement and save on taxes. May also be used for first time home purchase, deductible medical expenses, medical insurance premiums for eligible unemployed individuals, and qualified higher education expenses. For assistance in planning your retirement needs, click here for our retirement calculator.
- Tax deferred earnings
- Most contributions are tax deductible (consult with your tax advisor)
- Free 24-Hour Easy Phone Banking service
- Quarterly and annual statements (monthly and annual for deposit customers with a combined statement)
- Automatic renewal
- Investment options
- Variable Rate CD
$10 minimum to open
Add to the account anytime
Automatic transfer available
18 month term
Competitive variable rate of interest
- Fixed Rate CD
$500 minimum to open
Choice of terms from 30 days to 5 years
Fixed rate of interest, rate depends on term selected
IRA deposits are FDIC insured up to a total of $250,000.
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A special investment account to accumulate funds for retirement and save on taxes. May also be used for first time home purchase. For assistance in planning your retirement needs, click here for our retirement calculator.
- Tax free earnings when withdrawn as part of a qualified distribution
- Free 24-Hour Easy Phone Banking service
- Quarterly and annual statements (monthly and annual for deposit customers with a combined statement)
- Automatic renewal
- Investment options
- Variable Rate CD
Low $10 minimum to open
Add to the account anytime
Automatic transfer available
18 month term
Competitive variable rate of interest
- Fixed Rate CD
$500 minimum to open
Choice of terms from 30 days to 5 years
Fixed rate of interest, rate depends on term selected
IRA deposits are FDIC insured up to a total of $250,000.
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A special savings account to accumulate funds for a child's education expenses. Contact us for details.
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