Camden National Bank Review

“Camden National Bank Review” Camden National Bank is a regional financial institution with over 60 locations in Maine, New Hampshire, and Massachusetts. It was formed in 1875 and is headquartered in Camden, Maine. Camden National Bank provides a variety of banking products and services, such as checking and savings accounts, money market accounts, CDs, IRAs, brokerage accounts, mortgage products, and credit cards.

Camden National Bank Review

Checking and Savings Accounts

Camden National Bank caters to its clients’ needs by providing a selection of checking and savings accounts. Among the most common checking accounts are:

• Free Checking: This account has no monthly fees and offers free ATM withdrawals at all Camden National Bank ATMs.
• Advantage Checking: This account has a $5 monthly fee, but it offers unlimited check writing and free ATM withdrawals at all Camden National Bank ATMs.
• Premier Checking: This account has a $10 monthly fee, but it offers unlimited check writing, free ATM withdrawals at all Camden National Bank ATMs, and other benefits such as free overdraft protection and travel insurance.

Camden National Bank also offers a variety of savings accounts, including:

• Basic Savings: This account has no monthly fees and offers a competitive interest rate.
• Money Market Savings: This account has a $10 monthly fee, but it offers a higher interest rate than the Basic Savings account.
• CD Savings: This account offers a guaranteed interest rate for a set period of time, such as 6 months, 1 year, or 5 years.

Money Market Accounts

Camden National Bank has a money market account, which is a form of savings account that generates a greater interest rate than a standard savings account. Money market accounts, on the other hand, often have higher fees and may have a higher minimum balance requirement.

CDs

Camden National Bank provides a range of CDs (certificates of deposit). CDs are a form of savings account that provides a fixed interest rate for a specified length of time. CDs often offer higher interest rates than standard savings accounts, but they are also less liquid, as you cannot withdraw funds without penalty until the CD matures.

IRAs

Camden National Bank provides a number of IRAs, or individual retirement accounts. IRAs are tax-advantaged savings accounts that can assist you in saving for retirement. Camden National Bank provides regular, Roth, and SEP IRAs.

Brokerage Accounts

Camden Securities, Camden National Bank’s investment services business, provides brokerage accounts. Camden Securities provides a wide range of financial products and services, including equities, bonds, mutual funds, and exchange-traded funds (ETFs).

Mortgage Products

Camden National Bank provides mortgage products such as fixed-rate mortgages, adjustable-rate mortgages, and jumbo mortgages. Camden National Bank also provides government-backed mortgages such as FHA and VA loans.

Credit Cards

Camden National Bank provides credit cards in a variety of forms, including rewards cards, debt transfer cards, and secured credit cards. Camden National Bank also has a number of business credit cards available.

Customer Service

Camden National Bank has a SmartAsset rating of 4.2 out of 5 stars, based on over 80 reviews. Customers like the bank’s pleasant and helpful staff, extensive product and service offerings, and handy branch locations. Some consumers, however, have complained about excessive costs and poor customer service.

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Fees

Camden National Bank charges a variety of fees for its products and services. Some of the most common fees include:

• Monthly maintenance fees for checking and savings accounts
• ATM fees
• Overdraft fees
• Wire transfer fees
• Foreign transaction fees

Overall

Camden National Bank is an excellent alternative for consumers seeking a traditional bank with a diverse selection of products and services. Customers should be mindful, however, of the bank’s exorbitant fees as well as the likelihood of bad customer service.

Here is a more detailed review of Camden National Bank’s products and services:

Checking and Savings Accounts

Camden National Bank caters to its clients’ needs by providing a selection of checking and savings accounts. Customers seeking for a basic checking account with no monthly fees might choose the Free Checking account. Customers who require limitless check writing and ATM withdrawals might choose the Advantage Checking account. Customers who want a checking account with all the bells and whistles, such as overdraft protection and travel insurance, might choose the Premier Checking account.

Camden National Bank also provides a number of savings accounts, such as the Basic Savings account, Money Market Savings account, and CD Savings account. Customers seeking for a simple savings account with no monthly fees might choose the simple Savings account. Customers who want to earn a greater interest rate on their savings might consider the Money Market Savings account.

Final Opinion

Camden National Bank is a regional bank with a positive client reputation. Checking and savings accounts, money market accounts, CDs, IRAs, brokerage accounts, mortgage products, and credit cards are all available.

Customers appreciate Camden National Bank’s pleasant and helpful personnel, diverse product and service offerings, and handy branch locations. Some consumers, however, have complained about excessive costs and poor customer service.

Overall, Camden National Bank is a decent option for customers seeking a traditional bank with a diverse selection of products and services. Customers should be mindful, however, of the bank’s exorbitant fees as well as the likelihood of bad customer service.

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