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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 2008

$6,000,000.00

Bangor Savings Bank

3.20% APR

03/12/09

$1,000,000.00

Gorham Savings Bank

3.15% APR

03/12/09

$1,300,000.00

Northeast Bank

3.15% APR

03/12/09

$1,000,000.00

Ocean Bank

3.01% APR

03/12/09

$2,700,000.00

June 2006

nothing auctioned

September 2007

$8,000,000.00

Bath Savings Institution

5.01% APR

09/05/08

$1,000,000.00

Gorham Savings Bank

4.97% APR

09/05/08

$3,400,000.00

Northeast Bank FSB

5.00% APR

09/05/08

$2,000,000.00

TD Banknorth

5.00% APR

09/05/08

$3,500,000.00

December 2007 BONUS

$1,900,000.00

First Federal Savings & Loan

3.30% APR

12/18/08

$500,000.00

Gorham Savings

3.30% APR

12/18/08

$500,000.00

TD Banknorth

3.30% APR

12/18/08

$400,000.00

The First, NA

3.75% APR

12/18/08

$500,000.00