CDs & IRAs

Think long term. Today.

Placing funds in CDs and through the CDARS and ICS services is a smart and safe way to help your money work harder for your future.

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Certificates of Deposit

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Account	Certificate of Deposit	Easy Access CD	CDARS® Certificate of Deposit Account Registry Service®	ICS® IntraFi Cash Service^SM
Description	A great alternative to a traditional savings account. It's ideal if you want a higher rate with a guaranteed return and don't need regular access to your money.	Provides easy access to your money with a short 6 month term. Plus the flexibility to make additional deposits and one withdrawal.	Keep your large deposits safe with access to FDIC protection on multi-million dollar CD investments. Your deposit is placed into certificates of deposit issued by IntraFi's network of financial institutions.	As an alternative cash management option, with IntraFi Cash Service, you can access millions in FDIC insurance on funds placed into demand deposit accounts, money market deposit accounts, or both at network banks. You still work with just our bank. This option provides flexibility and allows your funds to earn interest with no minimum balance requirements.
Minimum Balance to Open	$500	$500	$10,000	Any Amount
Features	Lock in your interest rate for one month up to five years FDIC Insured Free 24-Hour Easy Phone Banking service You may not make additional deposits into this account Penalty for early withdrawal of funds prior to the maturity date	6 month term FDIC Insured Free 24-Hour Easy Phone Banking service Unlimited deposits of $500 or more One withdrawal of principal, without penalty, during the 6 month term	Choose from a variety of terms to fit your needs Access multi-million dollar FDIC insurance coverage at network banks Work directly with us and earn one interest rate per maturity and receive one regular statement, and one year-end tax form Earns CD-level returns which may compare favorably with other investment alternatives, including Treasuries, corporate sweep accounts, and money market funds The full value of your money can support lending opportunities in your local community¹	Funds are eligible for multi-million-dollar FDIC Insurance at network banks. Earn interest on funds placed into demand deposit accounts, money market deposit accounts, or both Access funds through unlimited program withdrawals (for funds placed in demand deposit accounts) or up to six program withdrawals per month (for funds placed in money market deposit accounts) The full value of your money can support lending opportunities in your local community¹

¹When deposited funds are exchanged on a dollar-for-dollar basis with other institutions that use CDARS and ICS, our bank can use the full amount of a deposit placed through CDARS and ICS for local lending, satisfying some depositors' local investment goals or mandates. Alternatively, with a depositor's consent, our bank may choose to receive fee income instead of deposits from other participating institutions. Under these circumstances, deposited funds would not be available for local lending.

Deposit placement through CDARS or ICS is subject to the terms, conditions, and disclosures in applicable agreements. Although deposits are placed in increments that do not exceed the FDIC standard maximum deposit insurance amount ("SMDIA") at any one destination bank, a depositor's balances at the institution that places deposits may exceed the SMDIA (e.g., before settlement for deposits or after settlement for withdrawals) or be uninsured (if the placing institution is not an insured bank). The depositor must make any necessary arrangements to protect such balances consistent with applicable law and must determine whether placement through CDARS or ICS satisfies any restrictions on its deposits. A list identifying IntraFi network banks appears at https://www.intrafi.com/network-banks. The depositor may exclude banks from eligibility to receive its funds.

IntraFi, CDARS, Certificate of Deposit Account Registry Service and ICS are registered service marks, Intrafi Cash Service is a service mark, of IntraFi Network LLC.

Individual Retirement Accounts

It's one of the easiest and most tax-friendly ways to save for retirement. Is your retirement still a distant dream or close at hand? An Individual Retirement Account (IRA) lets you to save money during your income-producing years, allowing you to establish a more financially secure retirement. Choose from these convenient options.

Account	Traditional IRA	Roth IRA	18 Month Variable IRA
Description	A special investment account to accumulate funds for retirement and save on taxes. Consult with your tax advisor. Funds may also be used for: First-time home purchase Deductible medical expenses Medical insurance premiums Qualified higher education expenses	The Roth is a nondeductible IRA that offers tax-free distributions when withdrawn as part of a qualified distribution^*. Its designed for the individual concerned about being in a higher tax bracket at retirement. Funds may be used for: Retirement First-time home purchase	Put aside a certain amount of money every year to invest for tax-deferred earnings. The interest rates and terms are more flexible than regular IRAs.
Minimum Balance to Open	$500	$500	$10
Features	A great way to start or sustain your retirement savings Your earnings grow tax-deferred and, if eligible, the money you put in may be tax-deferred too (consult with your tax advisor) Available to any individual under age 70½ with earned income You can rollover your 401(k) or employer-sponsored qualified retirement plan to consolidate your retirement funds Choose a fixed and/or variable rate CD Automatic renewal Deposits are FDIC insured up to a total of $250,000	Invest after-tax dollars today and watch your investment grow tax-free No IRS age limit for contributions or age requirement for distributions by participant Choose a fixed and/or variable rate CD Automatic renewal Deposits are FDIC insured up to a total of $250,000 Don't pay taxes on any of the earnings, provided you withdraw the earnings as part of a qualified distribution Get your principal contribution back at any time for any reason without taxes or IRS penalties ^*Qualified tax-free distributions are those taken after a five-year holding period for any of the following reasons: age 59½; permanent and total disability; death; or first-time home purchase.	Variable interest rate. We'll mail you a check for the interest or deposit the interest in an account that you designate Unlimited deposits – in any amount, at any time Automatic renewal 18-month term Make withdrawals of interest that has been credited at any time prior to maturity Ten calendar days after the maturity date to withdraw funds without penalty

Account

Traditional IRA

Roth IRA

18 Month Variable IRA

Description

A special investment account to accumulate funds for retirement and save on taxes. Consult with your tax advisor. Funds may also be used for:

First-time home purchase
Deductible medical expenses
Medical insurance premiums
Qualified higher education expenses

The Roth is a nondeductible IRA that offers tax-free distributions when withdrawn as part of a qualified distribution^*. Its designed for the individual concerned about being in a higher tax bracket at retirement. Funds may be used for:

Retirement
First-time home purchase

Put aside a certain amount of money every year to invest for tax-deferred earnings. The interest rates and terms are more flexible than regular IRAs.

Minimum Balance to Open

$500

$10

Features

A great way to start or sustain your retirement savings
Your earnings grow tax-deferred and, if eligible, the money you put in may be tax-deferred too (consult with your tax advisor)
Available to any individual under age 70½ with earned income
You can rollover your 401(k) or employer-sponsored qualified retirement plan to consolidate your retirement funds
Choose a fixed and/or variable rate CD
Automatic renewal
Deposits are FDIC insured up to a total of $250,000

Invest after-tax dollars today and watch your investment grow tax-free
No IRS age limit for contributions or age requirement for distributions by participant
Choose a fixed and/or variable rate CD
Automatic renewal
Deposits are FDIC insured up to a total of $250,000
Don't pay taxes on any of the earnings, provided you withdraw the earnings as part of a qualified distribution
Get your principal contribution back at any time for any reason without taxes or IRS penalties

^*Qualified tax-free distributions are those taken after a five-year holding period for any of the following reasons: age 59½; permanent and total disability; death; or first-time home purchase.

Variable interest rate. We'll mail you a check for the interest or deposit the interest in an account that you designate
Unlimited deposits – in any amount, at any time
Automatic renewal
18-month term
Make withdrawals of interest that has been credited at any time prior to maturity
Ten calendar days after the maturity date to withdraw funds without penalty

Ready to Get Started?

Move all or part of your money into a Katahdin CD or investment product. Contact us and we'll transfer the amount into an account of your choice.

Federal Deposit Insurance Corporation

The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the U.S. government. The FDIC protects you against the loss of your deposits if an FDIC-insured financial institution fails. FDIC insurance is backed by the full faith and credit of the United States. Katahdin Trust Company is a member of the FDIC. For additional information, please refer to the FDIC website.

Contact your local Customer Service Representative to learn more and start utilizing these great savings products from Katahdin.

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