CDs & IRAs

Think long term. Today.

With higher fixed interest rates and tax advantages, our CDs, IRAs, CDARS, and Insured Cash Sweep (ICS_sm) accounts are a smart, safe way to help your money work harder for your future.

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Certificates of Deposit

Account	Certificate of Deposit	Easy Access CD	Certificate of Deposit Account Registry Service (CDARS^®)	Insured Cash Sweep (ICS_sm)
Description	A great alternative to a traditional savings account. This is ideal if you want a higher rate with a guaranteed return and do not need regular access to your money.	Provides easy access to your money with a short six month term and the flexibility to make additional deposits and a withdrawal.	Keep your large deposits safe with access to FDIC protection on multi-million dollar CD investments. Your deposit is placed into certificates of deposit issued by CDARS® network banks with the CDARS® service. You can choose from a variety of terms to fit your needs.	Can be a valuable cash management or longer-term investment tool for you². Access multi-million dollar FDIC protection by working directly with just one bank. Provides flexibility and allows your funds to earn interest with no minimum balance requirements.
Minimum Balance to Open	$500	$500	Any Amount	Any Amount
Features	Lock in your interest rate for one month up to five years FDIC Insured Free 24-Hour Easy Phone Banking service You may not make additional deposits into this account Penalty for early withdrawal of funds prior to the maturity date	6 month term Unlimited deposits of $500 or more FDIC Insured Free 24-Hour Easy Phone Banking service One withdrawal of principal, without penalty, during the 6 month term	Access multi-million dollar FDIC insurance coverage. Work directly with us and earn one interest rate per maturity and receive one regular statement, and one year-end tax form. Community Investment. The full value of your money can support lending opportunities in your local community¹. Earns CD-level returns which may compare favorably with other investment alternatives, including Treasuries, corporate sweep accounts, and money market funds.	ICS funds are eligible for multi-million-dollar FDIC insurance, protection that's backed by the full faith and credit of the United States government. Earn Interest on ICS funds placed into demand deposit accounts using the demand option or money market deposit accounts using the savings option. Access Funds through unlimited program withdrawals (using the ICS demand option) or up to six program withdrawals per month (using the ICS savings option). Community Investment. The full value of your money can support lending opportunities in your local community³.

¹Funds may be submitted for placement only after a depositor enters into the CDARS Deposit Placement and Custodial Agreements with Katahdin Trust Company. The agreements contain important information and conditions regarding the placement of funds by us. When deposited funds are exchanged on a dollar-for-dollar basis with other banks in the CDARS Network, we can use the full amount of a deposit placed through CDARS for local lending, satisfying some depositor's local investment goals or mandates. Alternatively, with a depositor's consent, our bank may choose to receive fee income instead of deposits from other banks. Under these circumstances, deposited funds would not be available for local lending.

²Placement of your funds through the ICS service is subject to the terms, conditions, and disclosures set forth in the agreements, including the ICS Deposit Placement Agreement, that you enter into with us. Limits and customer eligibility criteria apply. Program withdrawals are limited to six per month when using the ICS savings option. ³If a depositor is subject to restrictions with respect to the placement of funds in depository institutions, it is the responsibility of the depositor to determine whether the placement of the depositor's funds through Insured Cash Sweep, or a particular ICS transaction, satisfies those restrictions.

CDARS, Certificate of Deposit Account Registry Service, ICS, and Insured Cash Sweep are registered service marks of Promontory Interfinancial Network, LLC.

Individual Retirement Accounts

It's one of the easiest and most tax-friendly ways to save for retirement. Is your retirement still a distant dream or close at hand? An Individual Retirement Account (IRA) allows you to save money during your income-producing years. This will allow you to establish a more financially secure retirement. Choose from these convenient options.

Account

Traditional IRA

Roth IRA

18 Month Variable IRA

Description

A special investment account to accumulate funds for retirement and save on taxes. Consult with your tax advisor. Funds may also be used for:

First time home purchase
Deductible medical expenses
Medical insurance premiums
Qualified higher education expenses

The Roth is a nondeductible IRA that offers tax-free distributions when withdrawn as part of a qualified distribution¹. Its designed for the individual concerned about being in a higher tax bracket at retirement. Funds may be used for:

Retirement
First-time home purchase

Put aside a certain amount of money every year to invest for tax-deferred earnings. The interest rates and terms are more flexible than regular IRAs.

Minimum Balance to Open

$500

$10

Features

A great way to start or sustain your retirement savings
Your earnings grow tax-deferred and, if eligible, the money you put in may be tax-deferred too (consult with your tax advisor)
Available to any individual under age 70½ with earned income
You can rollover your 401(k) or employer-sponsored qualified retirement plan to consolidate your retirement funds
Choose a fixed and/or variable rate CD
Automatic renewal
Deposits are FDIC insured up to a total of $250,000

Invest after-tax dollars today and watch your investment grow tax-free
No IRS age limit for contributions or age requirement for distributions by participant
Choose a fixed and/or variable rate CD
Automatic renewal
Deposits are FDIC insured up to a total of $250,000
Don't pay taxes on any of the earnings, provided you withdraw the earnings as part of a qualified distribution¹
Get your principal contribution back at any time for any reason without taxes or IRS penalties

¹Qualified tax-free distributions are those taken after a five-year holding period for any of the following reasons: age 59½; permanent and total disability; death; or first-time home purchase.

Variable interest rate - we will mail the interest in a check to you or deposit the interest in an account that you designate
Unlimited deposits – in any amount, at any time
Automatic renewal
18-month term
Make withdrawals of interest that has been credited at any time prior to maturity
Ten calendar days after the maturity date to withdraw funds without penalty

Ready to Get Started?

Move all or part of your money into another Katahdin Trust CD or investment product. Call us and we'll transfer the amount into an account of your choice.

Federal Deposit Insurance Corporation

The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the U.S. government. The FDIC protects you against the loss of your deposits if an FDIC-insured financial institution fails. FDIC insurance is backed by the full faith and credit of the United States. Katahdin Trust is a member of the FDIC. For additional information, please refer to the FDIC website.

Contact your local Customer Service Representative to learn more and start utilizing these great savings products from Katahdin Trust.