$titleTerm = "Special " Compare Analysis of The Camden National Bank with 2.62% APY and First Foundation Bank with 3.75% APY.


Compare Analysis of The Camden National Bank with 2.62% APY and First Foundation Bank with 3.75% APY.

This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis.

$
PRODUCT
BANK
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
BANK TYPE
STATE

All calculations are for demonstration purposes only."

  • 1
    LOCAL CD
    The Camden National Bank
    $50,000
    7 Month
    2.62%
    N.A.
    $1,000
    Bank
    -
     
    SCENARIO
    Year Rate
    2.62%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,308 915
    2 51,308 1,342 939
    3 52,649 1,377 964
    4 54,026 1,413 989
    5 55,439 1,450 1,015
    6 56,888 1,488 1,041
    7 58,376 1,527 1,069
    8 59,903 1,566 1,097
    9 61,469 1,607 1,125
    10 63,077 1,649 1,155
    11 64,726 1,693 1,185
    12 66,419 1,737 1,216
    13 68,155 1,782 1,248
    14 69,938 1,829 1,280
    15 71,767 1,877 1,314
    16 73,643 1,926 1,348
    17 75,569 1,976 1,383
    18 77,545 2,028 1,419
    19 79,573 2,081 1,457
    20 81,654 2,135 1,495
    TOTAL $33,789 $23,652
  • 2
    ONLINE SAVINGS
    First Foundation Bank , ★ TOP PICK ★
    $50,000
    N.A.
    3.75%
    7.93x (National Avg. - 0.47%)
    $1,000
    Bank
    -
    SCENARIO
    Year Rate
    3.75%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,875 1,313
    2 51,875 1,945 1,362
    3 53,820 2,018 1,413
    4 55,839 2,094 1,466
    5 57,933 2,172 1,521
    6 60,105 2,254 1,578
    7 62,359 2,338 1,637
    8 64,697 2,426 1,698
    9 67,124 2,517 1,762
    10 69,641 2,612 1,828
    11 72,252 2,709 1,897
    12 74,962 2,811 1,968
    13 77,773 2,916 2,042
    14 80,689 3,026 2,118
    15 83,715 3,139 2,198
    16 86,854 3,257 2,280
    17 90,111 3,379 2,365
    18 93,491 3,506 2,454
    19 96,996 3,637 2,546
    20 100,634 3,774 2,642
    TOTAL $54,408 $38,085