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Savings

Enhance your earning power with a savings account. Take advantage of automatic deposits and you can increase your savings account balance effortlessly. Saving money doesn't get any simpler than this.

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This account provides a convenient method to save with ready access to your funds.

  • A great way to start saving while earning interest.
  • Access funds in your account at any ATM with a personalized Limited Access Visa Debit Card.
  • Only $10 to open.

Features & Benefits

  • Unlimited deposits
  • Unlimited in person and ATM withdrawals/transfers
  • Up to six transfers per calendar month, includes Phone Banking, Online Banking and preauthorized transfer
  • Detailed monthly statement shows deposits, withdrawals, and interest earned
  • Free direct deposit
  • Free automatic transfer
  • Free 24-Hour Easy Phone Banking
  • Pays a variable rate of interest, credited to your account monthly
  • $50 average daily balance required to avoid a monthly $1.00 maintenance fee
  • No monthly maintenance fee for persons under 18 or 60 and over, if notified
Please refer to our "Fees for General Services" brochure for additional fees that may apply.

Plan ahead for all those special needs such as taxes, holiday shopping, a vacation or anything else you want to save for.

  • Automatic transfers from any Katahdin checking or savings account
  • Flexible deposit/payment schedule

Features & Benefits

  • It may be opened any time
  • Deposits are automatically transferred from a Katahdin checking or savings account
  • Flexible deposit/payment schedule
    • Any amount ($1 minimum)
    • Weekly, biweekly, monthly or quarterly transfers
  • Matures in September and automatically renews
  • Ending account balance will be automatically deposited back into your account from which your club payments were made or any other Katahdin deposit account of your choice
  • Earns interest which is credited to the account annually
  • Early withdrawals from the account are not permitted
Please refer to our "Fees for General Services" brochure for additional fees that may apply.

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

Saving for education? The Coverdell Education Savings Account offers tax advantages if you need to save for a child's qualified education expenses. The earnings on contributions will grow tax free! Click here to learn more about our Coverdell Education Savings Account.

Community Banking, since 1918.