Business Money Market

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

View Rates

 

Features

  • Unlimited deposits
  • Unlimited ATM and in-person withdrawals/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 Personalized checks (3) and deposit slips (8)
  • Free Visa® Limited Access Card
  • Free Detailed monthly statement shows deposits, withdrawals, and interest earned
  • Free Direct deposit available
  • Free Automatic transfer service available (refer to limits above)
  • Free Online Banking
  • Free 24-Hour Easy Phone Banking
AccountsBusiness Money MarketBusiness Money Market PlusEvergreen Business Money Market
Description

Earn higher interest rates at higher balance levels, and have the peace of mind that comes from knowing your money is available when you need it.

  • Earn more interest as your balance grows

For customers with $10,000 or more to invest, it pays an even higher rate of interest than our traditional Business Money Market Account.

  • Earn more interest as your balance grows

Our highest rate Money Market Account with flexibility and immediate access to your funds. For customers with $35,000 or more to invest from funds not currently on deposit with Katahdin Trust.

  • Earns interest
Minimum Balance to Open

$50 to open

$750 minimum balance in the account each day required to earn interest

$10,000 to open

$750 minimum balance in the account each day required to earn

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

1Minimum deposit required to open from funds not currently on deposit with Katahdin Trust Company. 2Unlimited deposits and withdrawals/transfers made in person or at ATM. Up to six transfers per statement cycle - includes Easy Phone Banking, Online Banking, preauthorized transfer, check, or similar orders to pay third parties.

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.

 

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