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Deposit Rates

Interest Rates and Annual Percentage Yields are effective as of January 7, 2014 and are subject to change.

If you are looking for a consumer loan, mortgage or financing for your business we would be happy to assist you, please call your local branch for current rate information.

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Minimum Balance to obtain Annual Percentage Yield

Annual Percentage Yield

Interest Rate

Totally Free Checking

-

0.00%

0.00%

50+ Free Interest Checking

$.01

0.01%

0.01%

VIP Free Interest Checking

$.01

0.01%

0.01%

Summit Relationship Checking

$.01 - $999.99
$1,000.00 - $49,999.99
$50,000.00 +

0.01%
0.01%
0.01%

0.01%
0.01%
0.01%

$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.
 

Minimum Balance to obtain Annual Percentage Yield

Annual Percentage Yield

Interest Rate

Totally Free Business Checking

-

0.00%

0.00%

Commercial Checking with Interest

$.01

0.01%

0.01%

Commercial Checking*

-

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.
 

Annual Percentage Yield

Interest Rate

Statement Savings1

0.05%

0.05%

Christmas Club2

0.05%

0.05%

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 Account
 

Annual 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
 

Annual 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 Account
 

Annual 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 Company. 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.
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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Community Banking, since 1918.