Rates | Katahdin Trust Company (Houlton, ME)

Rates

For more than 100 years, we have helped customers open their first savings account, purchase their first home, start a new business venture, expand their business, and more.

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Deposit Rates

Checking, Savings,
Money Market, CDs, and IRAs.

Print Deposit Rate Sheet

Loan Rates

Customized quotes for your new
house, camp, or home equity needs.

CHECK LOAN RATES

Fee Schedule

Information about terms and fees for
some of the accounts we offer.

Fees for General Services

Deposit Rates

Interest Rates and Annual Percentage Yields (APY) are subject to change and are effective as of November 15, 2022.

Checking and Savings

Personal Checking Accounts
AccountMinimum Balance to Obtain Annual Percentage YieldAnnual Percentage Yield (APY)Interest Rate

Summit Relationship Checking

Open Account 

$0.01 - $999.99

$1,000.00 - $49,999.99

$50,000.00 +

0.01%

0.01%

0.01%

0.01%

0.01%

0.01%

Adventure Checking Cash

Open Account 

N/A

0.00% 0.00%

Adventure Checking Points

Open Account 

N/A

0.00% 0.00%

$50 minimum opening deposit on all personal checking accounts. The interest rate and annual percentage yield may change after opening. Fees could reduce earnings on the account. To earn the stated APY, the minimum daily balance indicated in the tiers must be maintained.

Business Checking Accounts
AccountMinimum Balance to Obtain Annual Percentage YieldAnnual Percentage Yield (APY)Interest Rate
Commercial Checking*

N/A

0.00% 0.00%
Totally Free Business Checking

N/A

0.00% 0.00%

$50 minimum opening deposit on all business checking accounts. The interest rate and annual percentage yield may change after opening. Fees could reduce earnings on the account. To earn the stated APY, the minimum daily balance indicated in the tiers must be maintained. *Earnings credit of 0.10% will be applied to help offset the monthly maintenance fee and item fees, but will not exceed these fees.

Health Savings Account (HSA)
Minimum Balance to Obtain Annual Percentage YieldAnnual Percentage Yield (APY)

Interest Rate

$0.01 - $4,999.99

0.01% 0.01%

$5,000.00 - $24,999.99

0.05% 0.05%

$25,000.00 +

0.15% 0.15%

No minimum opening deposit required. The interest rate and annual percentage yield may change after opening. Fees could reduce earnings on the account. To earn the stated APY, the minimum daily balance indicated in the tiers must be maintained.

Savings Accounts
AccountAnnual Percentage Yield (APY)

Interest Rate

Statement Savings1

Open Account

0.01% 0.01%

Christmas Club2

0.05% 0.05%

Fees could reduce earnings on the account. 1$10 minimum to open. The interest rate and annual percentage yield may change after opening. The APY and Interest Rate applies to personal and business accounts. 2$1 minimum to open.

Money Market

Evergreen Money Market Account
BalanceAnnual Percentage Yield (APY)

Interest Rate

$0.01 - $34,999.99

0.01% 0.01%

$35,000.00 - $49,999.99

0.01% 0.01%

$50,000.00 - $74,999.99

0.01% 0.01%

$75,000.00 - $99,999.99

0.01% 0.01%

$100,000.00 - $499,999.99

0.05% 0.05%

$500,000.00 - $999,999.99

0.05% 0.05%

$1,000,000.00 +

0.05% 0.05%

$50 minimum deposit required to open. The interest rate and annual percentage yield may change after opening. The APY and Interest Rate applies to personal and business accounts. Fees could reduce earnings on the account. To earn the stated APY, the minimum daily balance indicated in the tiers must be maintained.

CDs & IRAs

CDs and IRAs
Term (months)Annual Percentage Yield (APY)

Interest Rate

< 3

0.05% 0.05%

3 to < 6

0.05% 0.05%

6 to < 12

0.10% 0.10%

12 to < 24

0.15% 0.15%

24 to < 36

0.25% 0.25%

36 to < 48

0.35% 0.35%

48 to < 60

0.35% 0.35%

60 and over

0.45% 0.45%
Easy Access CD* 0.10% 0.10%
18 month variable rate IRA/SEP 0.20% 0.20%
11 month CD Special 2.50% 2.47%
23 month CD Special 3.00% 2.96%

A $500 minimum opening deposit is required to obtain the stated Annual Percentage Yield (APY) for all CDs (excluding CD Specials) and IRA CDs, except for the 18 month variable rate IRA/SEP which only requires a $10 minimum opening deposit. All CD Specials require a $2,500 minimum opening deposit to obtain the stated APY. CD Interest Rates and APYs apply to both personal and business accounts; may vary for public funds. IRA CD Interest Rates and APYs apply only to personal accounts. Substantial penalty for early withdrawal on all CDs. Fees could reduce earnings on the account. *Not available for IRA or SEP accounts.

Summit Relationship - CDs and IRAs
Term (months)Annual Percentage Yield (APY)

Interest Rate

< 3

0.20% 0.20%

3 to < 6

0.20% 0.20%

6 to < 12

0.25% 0.25%

12 to < 24

0.30% 0.30%

24 to < 36

0.55% 0.55%

36 to < 48

0.65% 0.65%

48 to < 60

0.65% 0.65%

60 and over

0.75% 0.75%
Easy Access CD* 0.25% 0.25%
18 month variable rate IRA/SEP 0.50% 0.50%

A $500 minimum opening deposit is required to obtain the stated APY for all CDs and IRA CDs, except for the 18 Month Variable Rate IRA/SEP which only requires a $10 minimum opening deposit. CD Interest Rates and APYs apply to both personal and business accounts; may vary for public funds. IRA CD Interest Rates and APYs apply only to personal accounts. Substantial penalty for early withdrawal on all CDs. Fees could reduce earnings on the account. *Not available for IRA or SEP accounts.

 

Please refer to our Fees for General Services brochure for charges on unusual activities such as overdrafts, stop payment orders, etc. that may be assessed.

View our Fees for General Services

 

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