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Damariscotta Bank & Trust Company
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Account Details


Free Checking Plus

Not only is this account free of a monthly service charge, it pays a competitive interest rate!

Interest is paid on all balances over $400.


Premier NOW Checking

Interest is paid on all balances over $400.

Additional benefits include a .25% discount on installment loans to finance new personal vehicles and a 0.10% premium on Certificates of Deposits.

The $5.00 monthly service charge can be avoided in any of the following ways:

  • Having a regularly scheduled direct deposit
  • Maintaining a $500 average collected balance in the account
  • Maintaining a $2,000.00 daily balance in a Savings account
  • Maintaining a $5,000.00 daily balance in a Money Market
  • Maintaining a $10,000.00 balance in a Certificate of Deposit
  • $5,000.00 in total outstanding loan balances


Platinum 50 Checking

A checking account for customers 50 and over.

Interest is paid on all balances over $100.

Additional benefits include:

  • Free DB&T logo checks
  • Discounted rate on Safe Deposit Boxes

The $5.00 monthly service charge can be avoided by maintaining a $100 minimum balance.


Commercial Checking

For non-profit organizations, corporations, partnerships, etc.

This account produces an earnings credit to help reduce monthly service charges.

There is a $5.00 monthly service charge for all accounts except for non-profit organizations, a 10¢ charge per check paid and a 5¢  charge per item deposited unless the item is drawn on us.

*All Commercial checking accounts include detailed monthly statements and the option for AUTOSWEEP where your account can be linked to your business line of credit.


Commercial NOW Checking

For sole-proprietorships, non-profit organizations, municipalities, and unincorporated businesses (except partnerships).

Interest is paid on all balances over $400.00.

There is a $5.00 monthly service fee and a 5¢ charge per item deposited unless the item is drawn on us. The first 50 checks paid are free; all additional checks receive a 10¢ charge per check.


Money Market

Federal regulations limit the number of preauthorized transfers per month. However, you may make as many deposits, withdrawals or transfers as you wish in person or by mail.

  • A $10.00 service charge will be assessed if the minimum balance falls below $1,000.00 during any statement cycle.

Health Savings

If you have a high- deductible insurance plan this account is a great saving tool for staying out of medical debt. Contact your tax adviser to take advantage of the income tax savings this account can offer. 

Deposits can be made by several different methods including payroll deduction. Withdrawals can be made at any branch or by check writing privileges.

  • Interest is earned on balances of at least $50.00
  • No recurring maintenance fees


Statement Savings

This account provides an easy and convenient way to save while earning a great rate.

  • Balances above $50.00 earn interest from the date of deposit and interest is compounded daily.
  • A detailed statement is sent quarterly or monthly if you have EFT activity.
  • A $1.00 monthly service charge can be avoided by maintaining a $50.00 minimum balance.
  • Federal regulations limit this account to six preauthorized transactions per month.

 

Kids Quarters Savings

A wonderful way to teach children the value of savings. Kids receive an old-fashioned savings card, and to start them off, we supply the first quarter.

  • Interest is earned on all balances
  • Each time a completed card is deposited a new quarter and savings card is given.


Christmas Club

  • No monthly maintenance fee
  • Deposits as low as $2.00 and up to $50.00 can be made each week.
  • Can be opened at any time of the year.