Posted on April 13, 2012
Variable Rate IRAs – Maine - May 23, 2012
Below are Variable Rate IRA CDs offered from banks that are located in Maine. Depending on the type of IRA you have, a variable rate IRA CD offers tax-free or tax-deferred interest. Unlike a Fixed Rate IRA CD, the interest from a VIRA CD can fluctuate depending on market and economic conditions even though the principle is FDIC insured. VIRAs are often preferred when interest rates are expected to rise as the yield on the CD can be adjusted upward over its term. Learn more about the benefits and drawbacks of a Variable Rate IRA CD.
| Bank | APY | Min Bal | Miles | More |
|---|---|---|---|---|
| Bar Harbor Savings And Loan Association | 1.00% | $2,500 | - | |
| The Bank Of Maine | 0.50% | $1 | - | |
| Machias Savings Bank | 0.50% | $10 | - | |
| Saco & Biddeford Savings Institution | 0.45% | $1 | - | |
| People's United Bank | 0.35% | $1 | - | |
| Biddeford Savings Bank | 0.32% | $100 | - | |
| Franklin Savings Bank | 0.30% | $100 | - | |
| Bank Of America, National Association | 0.30% | $1 | - | |
| Norway Savings Bank | 0.30% | $25 | - | |
| The Camden National Bank | 0.25% | $1 | - | |
| The First, N.a. | 0.25% | $1 | - | |
| Rockland Savings Bank, Fsb | 0.25% | $10 | - | |
| Androscoggin Savings Bank | 0.18% | $500 | - | |
| Gorham Savings Bank | 0.15% | $50 | - | |
| Kennebec Federal Savings And Loan Association Of Waterville | 0.15% | $25 | - | |
| Damariscotta Bank & Trust Co. | 0.14% | $25 | - | |
| Keybank National Association | 0.11% | $1,000 | - | |
| Bangor Savings Bank | 0.10% | $25 | - | |
| Bath Savings Institution | 0.10% | $1 | - | |
| Skowhegan Savings Bank | 0.10% | $25 | - | |
| Mechanics' Savings Bank | 0.10% | $1 | - | |
| Td Bank, National Association | 0.05% | $1 | - | |
| Sanford Institution For Savings | 0.05% | $25 | - | |
| Kennebunk Savings Bank | 0.01% | $25 | - |
Banks listed above are FDIC insured. The FDIC insures each named individual's deposits to $250,000. To avoid exceeding FDIC insurance limits, please use the FDIC's EDIE function on its website.
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