Our family of savings options gives your business the tools to retain and accumulate funds with every opportunity.
Enjoy a premium rate of return along with immediate access to your money through check writing, Telephone Banking, Debit Card, or Online Banking.
The account for businesses who want a premium rate of return while enjoying convenient check access. You can also access your Indexed Money Market Account through Telephone Banking, Debit Card, or Online Banking.
Meet your business savings goals at your own speed. You can also arrange to have regular automatic transfers from a checking account.
With higher rates of return than most savings accounts, CDs are safe, guaranteed ways to save. We offer CDs with fixed rates and FDIC insurance (up to the maximum allowed by regulation), so there's no risk or loss of principal as long as funds remain on deposit.
Interest earnings are available monthly, and can be paid out by check, deposited into an account, or reinvested back into principal. CDs automatically renew at maturity and provide a grace period of ten (10) calendar days after the maturity date to withdraw funds without penalty, or to notify us not to renew the certificate. A penalty may be imposed for early withdrawal*.
We offer the Certificate of Deposit Account Registry Service®* , or CDARS®*, a convenient way for you to access FDIC insurance on multi-million dollar CD deposits through one banking relationship**.
With CDARS, enjoy the simplicity of working directly with one bank and receiving a single monthly statement. This spares you multiple rate negotiations, tracking maturing CDs at numerous banks, organizing various interest disbursement checks, and monitoring changing collateral values on an ongoing basis.
For more information on CDARS, contact your local branch representative.
*Limits apply. Funds may be submitted for placement through CDARS only after a depositor enters into the CDARS Deposit Placement Agreement with us. The agreement contains important information and conditions regarding the placement of funds by us through CDARS. CDARS and Certificate of Deposit Account Registry Service are registered service marks of Promontory Interfinancial Network, LLC.
**Rates, deposit limits and terms are subject to change.
Through the ICS (Insured Cash Sweep) service, you can access multi-million-dollar FDIC protection on your savings deposits.
With today's high healthcare costs, more and more individuals, families, and businesses are turning to Health Savings Accounts as a smart, cost-effective way to manage expenses. Eligible Individuals* (ROLLOVER BOX: “Any individual may contribute to an HSA if they are: covered by a high-deductible health plan (HDHP), not covered by other health insurance, and not enrolled in Medicare) can deposit money on a pre-tax* basis to help pay for qualified expenses not covered by insurance. Best of all, the balance rolls over from year to year and can move with an individual if he or she changes jobs or health plans. Other features and benefits include:
The maximum amount that can be contributed to an HSA is:
2011 Calendar Year
Additional "Catch-up" contributions for individuals age 55 and over are $1,000 for calendar year.
*Please consult your tax advisor to determine your eligibility for this account and any tax implications it may have.
To meet your financial needs in retirement, Camden National Bank offers a full range of IRAs with competitive rates and flexible options — including fixed-rate certificate of deposit (CD) IRAs for those who want a guaranteed rate for a specific term, and a variable rate product for those who want the flexibility of a lower opening balance and the opportunity to make additional contributions. Choose from the following IRA options:
You may make contributions to your IRA account when it's most convenient for you — even as late as April 15th for the preceding year. Rollovers and transfers from other qualified plans are welcome, and, for added convenience, we'll do the paperwork for you. For current rates and terms, visit our rates page or contact a customer service representative at your local branch.
Camden National Bank, Member FDIC, Equal Housing Lender , Equal Opportunity Employer — © 2014 Camden National Corporation, All Rights Reserved.