Best IRA CD Rates » Damariscotta Bank & Trust Co http://www.bestiracdrate.com Bringing you banks best IRA CD rates Thu, 26 Jan 2012 02:56:54 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Damariscotta Bank & Trust Co. CD and IRA Rates http://www.bestiracdrate.com/damariscotta-bank-trust-cd-ira-rates/ http://www.bestiracdrate.com/damariscotta-bank-trust-cd-ira-rates/#comments Wed, 06 Jan 2010 19:45:38 +0000 iracd http://www.bestiracdrate.com/?p=492 Damariscotta Bank & Trust Co. is offering very competitive CD and IRA Rates. While, at present, most banks offer a 5 year CD and IRA rate within the 2%APY to 3%APY range, Damariscotta Bank & Trust Co. offers a 5 year CD and IRA rate at 3.25%APY. According to the bank’s rate sheet, the rate took effect December 2, 2009 but may change at anytime without notice.

In addition, the bank offers additional CD and IRA terms as follows:

  • 1 year – 1.50%APY
  • 2 year Investors Choice – 1.80%APY
  • 3 year – 2.40%APY
  • 4 year – 2.75%APY

Only $500 is the required minimum balance to earn the aforementioned APYs however there may be fees and penalties that could reduce your earnings.

Based in Maine, Damariscotta Bank & Trust Co. has 6 locations and is FDIC insured.

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