Deposit Rates

Deposit Accounts Designed to Help You Meet Your Financial Goals

Kennebec Savings Bank offers competitive interest rates on its banking products, including:
  • Personal savings accounts
  • Personal checking accounts
  • Club accounts
  • Business savings accounts
  • Business checking accounts
For more information, please call (207) 622-5801 or visit your nearest Kennebec Savings Bank branch.

Woman looking at phone using laptop.






















Today's Deposit Rates

Effective Date: May 11, 2023


 



















Checking Accounts

Product Minimum to Open Tiered Balance Interest Rate APY*
Evolve Checking $5.00 N/A 0.00% 0.00%
Premier Checking I & HSA Checking $100
Up to $749
$750+
0.00%
0.03%
0.00%
0.03%
Premier Checking II $100
Up to $7,499
$7,500 - $49,999
$50,000 - $99,999
$100,000 - $249,999
$250,000 - $499,999
$500,000+
0.00%
0.05%
0.10%
0.15%
0.20%
0.20%
0.00%
0.05%
0.10%
0.15%
0.20%
0.20%


Savings Accounts

Product Minimum to Open Tiered Balance Interest Rate APY*
Statement Savings & HSA Savings $10
Up to $2,499
$2,500 - $19,999
$20,000+
0.05%
0.10%
0.20%
0.05%
0.10%
0.20%
Premier Savings $100
Up to $2,499
$2,500 - $19,999
$20,000 - $99,999
$100,000 - $249,999
$250,000 - $499,999
$500,000+
0.00%
0.10%
0.20%
0.30%
0.45%
0.55%
0.00%
0.10%
0.20%
0.30%
0.45%
0.55%
Premier Money Market $100
Up to $19,999
$20,000 - $99,999
$100,000 - $249,999
$250,000 - $499,999
$500,000 - $999,999
$1,000,000+
0.00%
1.30%
1.50%
1.85%
2.20%
3.75%
0.00%
1.31%
1.51%
1.87%
2.22%
3.82%
Premier IRA Savings $10
Up to $2,499
$2,500 - $49,999
$50,000 - $99,999
$100,000 - $249,999
$250,000+
0.15%
0.25%
0.30%
0.35%
0.45%
0.15%
0.25%
0.30%
0.35%
0.45%
Kids Savings $1 N/A 0.20% 0.20%


Club Accounts

Product Minimum to Open Tiered Balance Interest Rate APY*
6 Month Club Savings $1 N/A 0.20% 0.20%
12 Month Club Savings $1 N/A 0.25% 0.25%

* APY = Annual Percentage Yield.
* Note: Balance in the account must be maintained each day within the tier range to obtain the disclosed APY.
* Rates and APY are subject to change without notice. Rates may change after the account is opened. Fees may reduce earnings.
* Please see the "Understanding Your Deposit Account" brochure for additional terms and conditions.