Business Money Market

Earn higher interest than a traditional savings account while maintaining immediate access to your funds when you need it.

View Rates

 

Features

  • Earn more interest as your balance grows
  • Unlimited deposits
  • Unlimited ATM and in-person withdrawals and transfers
  • Up to six transfers per statement cycle by Easy Phone Banking, Online Banking, preauthorized transfer, check, or similar orders to pay to third parties
  • Free Automatic transfers1
  • Free Direct deposit
  • Free Personalized checks (3) and deposit slips (8)
  • Free Visa® Limited Access Card
  • Free Detailed monthly statement shows deposits, withdrawals, and interest earned
  • Free Online Banking
  • Free 24-Hour Easy Phone Banking
AccountsBusiness Money MarketBusiness Money Market PlusEvergreen Business Money Market
Minimum Balance to Open

$50 to open

$10,000 to open

$35,000 to open
from funds not currently on deposit at Katahdin Trust

Minimum Balance in the account each day to Earn Interest

$750

$750

 $0

Monthly Maintenance Fee None Maintain an average daily balance of $10,000 during the statement cycle to avoid a monthly maintenance fee of $10.00 Maintain an average daily balance of $35,000 during the statement cycle to avoid a monthly maintenance fee of $15.00

 

Learn about the new Beneficial Ownership requirements and how they may affect your business.

Contact your local Customer Service Representative to learn more and start utilizing Money Markets.

 

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

1Up to six transfers per statement cycle - includes Easy Phone Banking, Online Banking, preauthorized transfer, check, or similar orders to pay third parties.

 

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