Certificates of Deposit

Certificates of Deposit let you grow your savings as you benefit from a higher interest rate.  But KFS CDs do even MORE!  We also empower you to accelerate your savings by allowing you to add money to our Easy Saver CDs! (Please see details below.)

Interest is credited to your CD account each month, and you have the options of receiving it by check, having it deposited into another KFS account, or leaving it in your CD to benefit from compounding interest.

Certificates of Deposit offer you a specific fixed term, and are insured by the FDIC up to the maximum allowed by law. Funds are intended to remain in the account until the end of the term; otherwise you might be assessed a penalty for early withdrawal.

Open an Account View Our CD Specials


Among the attractive CD options available from Kennebec Federal Savings are:

Easy Saver CD

Easy Saver CDs allow you to make deposits to your CD, while earning a higher rate than you would on a regular savings account. For even greater convenience, you can set up an automatic transfer into your Easy Saver CD from your KFS checking or savings account. Easy Saver CDs offer competitive fixed rates that are locked in for the term of the CD. $500 minimum opening deposit. 

One-Up CD

One-Up CDs protect you from possible downturns in the market, while giving you the opportunity to take advantage of an upturn.  If interest rates go down, no worries, because you're locked into a great rate.  If interest rates go up, you can use your one-time option to increase your rate.  All One-Up CDs offer a competitive starting rate.  $500 minimum opening deposit.

Step-Up CD

With the KFS Step-Up CD, you lock in a great rate that keeps getting better and better. You enjoy peace of mind and solid money-growth through guaranteed, automatic interest-rate increases. $500 minimum opening deposit.


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