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Grow your business with savings solutions
Plan now to become a pillar in your community long into the future. We want to help you succeed with a savings account that gives you a place to put aside cash flow for a future expansion or unexpected events. Keep your goals in reach.
Here’s how it works:
- Contact us to apply or at one of our branch locations.
- Earn interest with competitive interest rates.
- Manage your accounts on your mobile device or online.
Our Account Opening Checklist can help you get started.
Discover Our Business
Savings Accounts
Business Harbor Savings
Save and earn with tiered interest rates. No minimum balance required and no monthly service fees.
Business Performance Money Market
A money market account with competitive interest rates. Access your funds with check-writing capabilities.
Certificates of Deposit (CD)
A secure investment for longer-term savings goals, you can put money here and not touch it. A CD offers attractive interest rates over a fixed term.
Today’s Business Harbor Savings Rates
| MINIMUM Daily BALANCE TO EARN APY* | Interest Rate | APY |
|---|---|---|
| Tier 5 ($100,000.00 and above) | 0.10% | 0.10% |
| Tier 4 ($50,000.00-$99,999.99) | 0.07% | 0.07% |
| Tier 3 ($25,000.00-$49,999.99) | 0.05% | 0.05% |
| Tier 2 ($10,000.00-$24,999.99) | 0.05% | 0.05% |
| Tier 1 ($0.01-$99,999.99) | 0.01% | 0.01% |
Interest rates and Annual Percentage yields (APY) are accurate as of Sunday, October 06, 2024. The rates may change after account is opened. Maximum daily balance is $2 million for business accounts. Fees could reduce earnings. Other conditions may apply. Limited time offer may be withdrawn any time. $0.01 minimum deposit to open account.
*Some balances may be too low to earn interest if the interest rate is also low. For example, with a rate of 0.01%, a $100 daily balance would earn less than $0.01 by the end of the statement cycle resulting in no interest credited to the account.
Today’s Business Performance Money Market Rates
| MINIMUM Daily BALANCE TO EARN APY* | Interest Rate | APY |
|---|---|---|
| Tier 3 ($50,000.00 and above) | 0.05% | 0.05% |
| Tier 2 ($25,000.00-$49,999.99) | 0.03% | 0.03% |
| Tier 1 ($0.01-$24,999.99) | 0.01% | 0.01% |
Interest rates and Annual Percentage yields (APY) are accurate as of Sunday, October 06, 2024. The rates may change after account is opened. Fees could reduce earnings. Minimum deposit to open account $0.01.
*Some balances may be too low to earn interest if the interest rate is also low. For example, with a rate of 0.01%, a $100 daily balance would earn less than $0.01 by the end of the statement cycle resulting in no interest credited to the account.
Today’s Premium Certificates of Deposit Rates
| Term | Interest Rate | APY |
|---|---|---|
| 6 Months | 0.10% | 0.10% |
| 12 Months | 0.15% | 0.15% |
| 24 Months | 0.30% | 0.30% |
| 60 Months | 0.45% | 0.45% |
Interest rates and Annual Percentage yields (APY) are accurate as of Sunday, October 06, 2024. Fees may reduce earnings. Minimum opening deposit is $500; minimum balance to earn APY is $.01. Penalties for early withdrawal may apply. Premium CD eligibility requires maintaining a personal checking, money market or savings account.
Fraud prevention for your accounts
Kennebunk Savings monitors customers’ accounts to protect you from fraudulent activity. Our Fraud Services will:
- Monitor debit card activity round-the-clock, 24/7
- Stop debit card transaction if suspicious & potentially place a temporary hold on further debit card transactions (until we hear from you)
- Bank from anywhere with mobile banking and mobile deposits
- Text you to verify the authenticity of suspicious card transactions, allowing you to respond right away.
- If we do not receive a text reply within 15 minutes, we’ll follow up with a phone call
Explore more business solutions
We offer additional solutions that keep up with the complexities of a growing business without sacrificing security. Your Kennebunk Savings team can help you understand which ones are the right fit for your strategy.
