Camden National Bank Strengthens Community Ties Through Partnerships

The bank has made a significant commitment to supporting local organizations through various partnerships.

One notable example is the bank's partnership with the Maine Community Foundation, which has helped to provide funding for local projects and initiatives.

Camden National Bank has also partnered with the Coastal Maine Botanical Gardens, supporting their mission to create a beautiful and educational space for the community.

Camden National Bank understands that accessibility is key. Their system allows customers to perform banking tasks from the comfort of their own homes, making it a great option for those with disabilities.

Their customer support team is always available to help with any difficulties that may arise. In fact, one customer had a positive experience with their support team, praising them for being "truly helpful, professional and courteous".

The bank also recognizes that affordability is a concern for many customers. They offer banking options that cater to those on a restricted income, making them a great choice for those who need it.

Camden National Bank is a standout in terms of accessibility, allowing customers to manage their accounts from home on their computer.

Their system is user-friendly and easy to navigate, making it possible for people with disabilities to bank independently.

The bank's customer service is exceptional, with helpful, professional, and courteous staff available to assist with any issues.

They also offer banking options that cater to customers on a restricted income, making it possible for everyone to access their services.

CNB's commitment to inclusivity is evident in their approach, recognizing that everyone deserves to be treated with dignity and respect.

Camden National Bank has joined forces with JMG as an Employer Partner with a significant investment of $60,000.

This investment will be distributed as $20,000 annually over three years to support and nurture Maine's future workforce.

JMG is thrilled to have Camden National Bank on board, and this partnership signifies more than just a financial contribution – it's a commitment to the development of Maine's youth.

Craig Larrabee, President and CEO of JMG, expressed his enthusiasm about the partnership, stating it's an important investment in Maine's future workforce.

Camden National Bank has a long-standing tradition of community involvement and support, and this partnership with JMG reflects its ongoing commitment to making a positive impact.

By engaging with JMG's extensive network of over 12,000 students annually, Camden National Bank will play a pivotal role in shaping a future-ready workforce.

Camden National Corporation is the largest publicly traded bank holding company in Northern New England, with $5.7 billion in assets and a reputation as one of the Best Places to Work in Maine.

If you're considering a CD account from Camden National Bank, you'll want to know your options. They offer a range of CD account term lengths, from 6 months to 5 years.

The bank suggests an in-person consultation to pair you with a CD that fits your financial goals. However, their APY and interest rates don't stack up to the best CD rates in the country.

If you put money into a Camden National Bank CD, the more you deposit, the more you'll make. For example, depositing $10,000 into a 5-year CD will earn you $10,672.39.

You'll need to be careful not to withdraw any money before your CD reaches maturity, as you'll face an early withdrawal penalty. This penalty is typically worth 90 days' interest on the amount withdrawn.

Here's a breakdown of some of Camden Bank's most common starting deposits and CD terms:

If you live in Maine, Camden National Bank's CD account might be a good choice if you have at least $500 to put away.

Their rates aren't the best you can find, though, so you might want to keep looking if you're not okay with a gradual accrual of interest.

It's easy to make an appointment to speak with a bank teller at Camden, so you can explore their variety of accounts and see if one fits your needs.

You can calculate your savings growth to get a better idea of how Camden's CD account will work for you.

To compare Camden's CD account to others, consider looking at their rates and benefits in comparison to other banks.

Here are some options to consider:

Camden National Bank has a significant presence in Maine and Massachusetts, with branches predominantly concentrated in these two states.

The bank has a large customer base in Maine, where it has implemented innovative technologies to modernize its point-of-sale and support fully remote online notarization.

Maine has recently authorized remote online notarization (RON) closings, a notarization method that Camden National Bank is now equipped to offer.