Deposit Rates

For more than 100 years, we've helped customers open their first savings account, purchase their first home, start a new business venture or expand their business. We're here to help improve your financial health. Talk with us today.

Interest Rates and Annual Percentage Yields are effective as of September 4, 2018 and are subject to change.

Print Deposit Rates VIEW LOAN RATES

 

Deposit Accounts

Personal Checking Accounts
AccountMinimum Balance to obtain Annual Percentage YieldAnnual Percentage YieldInterest Rate

Summit Relationship Checking

Open Account

$.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 YieldInterest Rate

Commercial Checking with Interest

$.01

0.01% 0.01%
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 the maintenance fee, but will not exceed the maintenance fee.

Savings Accounts
AccountAnnual Percentage Yield

Interest Rate

Statement Savings1

Open Account

0.05% 0.05%

Christmas Club2

0.30% 0.30%

Fees could reduce earnings on the account. 1$10 minimum to open and earn the stated APY. 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 and earn the stated APY.

Money Market Accounts

Money Market Account
BalanceAnnual Percentage Yield

Interest Rate

$750.00 - $2,499.99

0.01% 0.01%

$2,500.00 - $99,999.99

0.05% 0.05%

$100,000.00 +

0.10% 0.10%

$50 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. Fees could reduce earnings on the account. To earn the stated APY, the minimum daily balance indicated in the tiers must be maintained.

Money Market Plus Account
BalanceAnnual Percentage Yield

Interest Rate

$750.00 - $9,999.99

0.01% 0.01%

$10,000.00 - $24,999.99

0.05% 0.05%

$25,000.00 - $49,999.99

0.10% 0.10%
$50,000.00 - $249,999.99 0.10% 0.10%
$250,000.00 + 0.10% 0.10%

$10,000 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. Fees could reduce earnings on the account. To earn the stated APY, the minimum daily balance indicated in the tiers must be maintained.

Evergreen Money Market
BalanceAnnual Percentage Yield

Interest Rate

$0 - $34,999.99

0.05% 0.05%

$35,000.00 - $49,999.99

0.15% 0.15%

$50,000.00 - $74,999.99

0.25% 0.25%

$75,000.00 - $99,999.99

0.25% 0.25%

$100,000.00 - $499,999.99

0.35% 0.35%

$500,000.00 - $999,999.99

0.35% 0.35%

$1,000,000.00 +

0.35% 0.35%

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

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

Interest Rate

< 3

0.15% 0.15%

3 to < 6

0.20% 0.20%

6 to < 12

0.25% 0.25%

12 to < 24

0.30% 0.30%

24 to < 36

0.60% 0.60%

36 to < 48

0.80% 0.80%

48 to < 60

0.80% 0.80%

60 and over

1.15% 1.15%
Easy Access CD* 0.25% 0.25%
18 month variable rate IRA/SEP 0.60% 0.60%

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.

CDs and IRAs
Term (months)Annual Percentage Yield

Interest Rate

< 3

0.10% 0.10%

3 to < 6

0.15% 0.15%

6 to < 12

0.20% 0.20%

12 to < 24

0.25% 0.25%

24 to < 36

0.50% 0.50%

36 to < 48

0.70% 0.70%

48 to < 60

0.70% 0.70%

60 and over

1.05% 1.05%
Easy Access CD* 0.20% 0.20%
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.

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