Deposit Interest Rates

Updated: 01/27/2020 

 Product

Balance at Opening 

Rate 

 APY*

CD Specials

»High Yield CD options for new deposits up to $250,000.

3 Month CD

$500 - $250,000

1.50%

1.50%

7 Month CD

$500 - $250,000

2.00%

2.01%

9 Month CD

$500 - $250,000

1.65%

1.66%

13 Month CD

$500 - $250,000

1.60%

1.61%

18 Month CD

$500 - $250,000

1.55%

1.56%

21 Month CD

$500 - $250,000

1.50%

1.51%

 Product

 Balance at Opening

 Rate

APY*

Account Details 

Individual Retirement Accounts

»Save for your future in a Traditional or Roth IRA.

12 Month IRA CD

$500 - $250,000

2.00%

2.01%

 

24 Month IRA CD

$500 - $250,000

1.75%

1.76%

 

30 Month IRA CD

$500 - $250,000

1.50%

1.51%

 

36 Month IRA CD

$500 - $250,000

1.50%

1.51%

 

48 Month IRA CD

$500 - $250,000

1.50%

1.51%

 

IRA Savings

$25 or more

1.00%

1.00%

Variable Rate. Make Deposits Anytime.
ProductStep ScheduleRateAPY*Balance at Opening
Step-Up CDs

»Lock in a great rate today, plus guaranteed rate increases.

 

4 Year Step-Up CD

 

Year 1 & 2 Rate

1.00%

1.01% 

 

$500 - $250,000

 

Year 3 Rate

1.25% 

 1.26%

 Year 4 Rate

1.50% 

1.51% 

 Product

Balance Tiers 

 Rate

APY*

 Account Details

Personal Checking

»All KFS personal checking accounts have no monthly maintenance fees, free debit card, and free online/mobile banking. Open with $25 or more.

Feel Free Checking

No minimum balance requirement

N/A

N/A

Free and easy checking with no requirements.

Rewards Checking**

$0.01 - $35,000

1.00%

1.01%

Earn a great rate plus receive up to $25 in ATM fee refunds each month when qualifications are met.^

^Just do the following each statement cycle:

  • Enroll and receive electronic statements
  • Have at least 15 debit card purchases post and clear
  • Have at least 1 direct deposit, automatic payment, or bill pay transaction post and clear

This is a blended rate account.

Over $35,000

0.25%

1.00% - 0.52%

$0.01 or more - if monthly qualifications are not met^

0.05%

0.05%

Feel Good Checking**

$0.01 - $500

5.00%

5.00%

Raise money for a local non-profit while earning a good rate plus up to $6 in ATM fee refunds each month qualifications are met.^

^Just do the following each statement cycle:

  • Enroll and receive electronic statements
  • Have at least 1 direct deposit post each statement cycle

 This is a blended rate account.

Over $500

0.15%

5.00% - 0.39%

$0.01 or more - if monthly qualifications are not me^

0.01%

0.01%

 Product

Balance Tiers 

Rate 

APY*

Account Details 

Small Business Checking

»Affordable Business Checking solutions, loaded with everything you need, including free online banking and free debit card.  Open with $50 or more.

Feel Free Business Checking

No minimum balance requirement

N/A 

N/A 

Free and easy checking with no requirements.

Small Business Rewards**

$0.01 - $10,000

3.00%

3.04%

Earn a great rate plus ATM fee refunds for your business. ^

^Just do the following each statement cycle:

  • Maintain a daily balance of $1,000 or more
  • Be enrolled and receive electronic statements
  • Have at least 2 automatic payments post and settle
  • Be enrolled and access Online Banking

This is a blended rate account.

Over $10,000

0.25%

3.04 - 0.25%

$0.01 or more - if monthly qualifications are not met^

0.05%

0.05%

Product

Balance Tiers

Rate

APY*

Minimum to Open

Savings Options

»Tiered interest rates mean larger balances on your account.

Regular Savings

$0 - $24

$25 or more

0.00%

0.10%

0.00%

0.10%

$25

Christmas Club

$0 - $4,999

$5,000 or more

2.00%

0.15%

2.02%

0.15%

$2

Rewards Savings #

$0.00 - $24,999.99

$25,000 - $100,000

Over $100,000

0.15% / 0.35%#

0.25% / 0.45%#

0.50% / 0.70%#

0.15% / 0.35%

0.25% / 0.45%

0.50% / 0.70%

$25

Money Market

 

$0 - 2,499

$2,500 - $9,999

$10,000 - $24,999

$25,000 - $49,999

Over $50,000.00

0.00%

0.10%

0.15%

0.20%

0.30%

0.00%

0.10%

0.15%

0.20%

0.30%

$2,500

Super Money Market**

 

$0 - 99,999.99

$50,000 - $150,000

$150,000.01 - $250,000

Over $250,000.00

0.00%

2.00%

2.50%

0.10%

0.00%

2.01%

2.01 - 2.36%

1.82 - 2.36%

$100,000

 

This is a blended rate account.

         

*APY=Annual Percentage Yield. The Annual Percentage Yield assumes interest remains on deposit until maturity. On CDs, a penalty may be imposed for early withdrawal.
**This is a blended rate account. 
#Rewards Savings available for Rewards Checking Customers only. Earn the higher rate each month qualifications are met on linked checking account. 
Please ask a KFS Customer Service Representative for complete disclosures. Fees may reduce earnings. Rates are subject to change without notice.
Kennebec Federal Savings reserves the right to accept deposits consistent with Bank policy and practice which may include geographic and other restrictions.

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