Compare Savings vs. CDs
Comparison of Deposit Account from The Camden National Bank with 3.92% - November 2024


Long-Term Analysis of The Camden National Bank with 3.92% 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.

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$
PRODUCT
BANK
APY
STATE
AMOUNT
TERM
BANK TYPE
VS.NAT.AV.
MIN
  • 1
    LOCAL CD
    3.92%
    -
    $50,000
    9 Month
    Bank
    N.A.
    $1,000
     
    SCENARIO
    Year Rate
    3.92%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 1,962 1,373
    2 51,962 2,038 1,427
    3 54,000 2,118 1,483
    4 56,118 2,202 1,541
    5 58,320 2,288 1,602
    6 60,608 2,378 1,664
    7 62,985 2,471 1,730
    8 65,456 2,568 1,797
    9 68,024 2,669 1,868
    10 70,693 2,773 1,941
    11 73,466 2,882 2,017
    12 76,348 2,995 2,097
    13 79,343 3,113 2,179
    14 82,456 3,235 2,264
    15 85,691 3,362 2,353
    16 89,052 3,494 2,445
    17 92,546 3,631 2,541
    18 96,176 3,773 2,641
    19 99,949 3,921 2,745
    20 103,870 4,075 2,852
    TOTAL $57,945 $40,562

    All calculations are for demonstration purposes only.

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