$titleTerm = "Special " Compare Analysis of The Camden National Bank with 3.05% APY and First Foundation Bank with 3.75% APY.


Compare Analysis of The Camden National Bank with 3.05% 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
    9 Month
    3.05%
    N.A.
    $1,000
    Bank
    -
     
    SCENARIO
    Year Rate
    3.05%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,527 1,069
    2 51,527 1,573 1,101
    3 53,100 1,621 1,135
    4 54,721 1,671 1,169
    5 56,391 1,722 1,205
    6 58,113 1,774 1,242
    7 59,887 1,828 1,280
    8 61,716 1,884 1,319
    9 63,600 1,942 1,359
    10 65,541 2,001 1,401
    11 67,542 2,062 1,443
    12 69,604 2,125 1,488
    13 71,729 2,190 1,533
    14 73,919 2,257 1,580
    15 76,176 2,326 1,628
    16 78,502 2,397 1,678
    17 80,898 2,470 1,729
    18 83,368 2,545 1,782
    19 85,914 2,623 1,836
    20 88,536 2,703 1,892
    TOTAL $41,239 $28,868
  • 2
    ONLINE SAVINGS
    First Foundation Bank , ★ TOP PICK ★
    $50,000
    N.A.
    3.75%
    16.74x (National Avg. - 0.22%)
    $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