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Home > Education Savings > NextGen CDs > NextGen CD Auction

NextGen CD Auction

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The table below identifies the results of the NextGen CD auctions and the corresponding maturity schedule.

Name of Financial Institution

Rate

Maturity Date

Principal

March 2009

$4,000,000.00

Ocean Bank

1.65% APR

03/11/10

$4,000,000.00

June 2009

$4,000,000.00

Citizens Bank

1.00% APR

06/09/10

$2,700,000.00

Gorham Savings Bank

1.32% APR

06/09/10

$1,300,000.00

September 2008

$9,200,000.00

Bangor Savings

2.96% APR

09/05/09

$500,000.00

Bath Savings Institution

2.97% APR

09/05/09

$1,000,000.00

Gorham Savings Bank

3.20% APR

09/05/09

$2,200,000.00

Northeast Bank FSB

3.50% APR

09/05/09

$2,000,000.00

TD Banknorth

3.20% APR

09/05/09

$3,500,000.00

December 2008 BONUS

$1,097,000

Camden National Bank

.38% APR

12/17/09

$500,000.00

Gorham Savings

.38% APR

12/17/09

$500,000.00

Savings Bank of Maine

1.60% APR

12/17/09

$97,000.00