Business Savings | Katahdin Trust Company (Houlton, ME)

Business Savings

Make saving a part of doing business.

Accounts that put your company’s future first.


Business Statement Savings

Provides a convenient method to save with ready access to your funds.

Minimum Balance to Open: $10

Monthly Maintenance Fee: $50 average daily balance required to avoid $1 per month maintenance fee


  • Unlimited deposits
  • Easy access to your funds with unlimited in-person or ATM withdrawals and transfers
  • Up to six transfers per calendar month by Phone Banking, Online Banking, or preauthorized transfer
  • Variable rate of interest paid on all balances, credited to your account monthly
  • Detailed monthly statement shows deposits, withdrawals, and interest earned
  • Direct deposit available
  • Automatic transfer service available

Health Savings Account

A tax-favored account used in conjunction with an HSA-compatible health plan to help pay for additional qualified medical expenses.

It’s easy to apply for a Health Savings Account (HSA). There are no set-up fees, and an initial deposit is not required to open an account. And it takes less than 10 minutes to complete the application!

Enroll Now


Here's a Healthy Idea.

  • Provide a lower-cost healthcare insurance option for employees
  • Contributions to employees' HSAs are not reported as employee income, so you avoid paying FICA
  • If the plan permits employee contributions to an HSA, payroll deductions are made pre-tax so you don't pay FICA on these amounts either

Complete the Employer Sign-Up Form

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

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


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