Personal CDs & IRAs

Save Today, Savor Tomorrow

Certificates of Deposit (CDs) and Individual Retirement Accounts (IRAs) help customers maximize their savings by offering flexible terms and guaranteed returns. Kennebec Savings Bank offers several convenient options created by Maine bankers for Maine people: pure and simple.

CDs pay higher interest rates than regular savings accounts on money deposited for a set period of time. They have a fixed interest rate that accrues daily. Additionally, they are FDIC-insured up to $250,000, making CDs a safe, secure way to save money.

IRAs are tax-advantaged accounts that allow individuals to save for retirement. They offer a number of benefits, including tax-deductible contributions, tax-deferred growth, and the ability to withdraw money tax-free when you retire. Speak with your tax advisor to learn more about the rules and limitations of each account type.

Visit your local Kennebec Savings Bank branch to learn more about CDs and IRAs.

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Certificates of Deposit (CDs)

No risk, all reward. Choose your terms and savor your earnings.

  • Terms ranging from 6 months to 5 years.
  • Minimum opening deposit of $500.
  • Earn interest your way: add to the value of your certificate, or transfer to another Kennebec Savings Bank deposit account.
  • Free statements delivered annually.
  • Convenient automatic renewal.

Individual Retirement Account (IRA) CDs*

Set yourself up to enjoy retirement with tax-sheltered certificates.

  • Terms range from 1 year to 5 years.
  • Minimum opening balance of $500.
  • Available as a traditional IRA or a Roth IRA.
  • Features same interest rates as traditional CDs.

Premier IRA Savings*

Automate your retirement saving today.

  • Minimum opening deposit of $10.
  • Make deposits and withdrawals without concern for maturity dates or grace period days.
  • Set up automatic transfers into an IRA for automated retirement saving.

*Consult your tax advisor about your eligibility in the tax deductibility of contributions, distributions, and earnings.
*Tax deductible up to a maximum of $5,500 per eligible depositor (or $6,500 for depositors 50 years of age or older).
*There is a penalty for withdrawing funds prior to the certificate's maturity, as well as IRS penalties for IRA withdrawals before age 59 1/2; certain exemptions allowed.

Digital Account Access

Kennebec Savings Bank's Digital Banking is easy to use, secure, and always available. Use the login box at the top of your screen, or click the button below to log in.