Business Savings Accounts

Optimizing your savings is essential to the success of all businesses. Bar Harbor Bank & Trust is here to help with business savings accounts, money markets, and insured cash services. We can help you choose the right solution for your business.

Account Types

Money Market

Money market accounts provide a great option for businesses looking to keep their funds liquid and earn higher interest rates. Whether you need to save for a planned purchase or build a buffer for the unexpected, this money market account makes your money work harder for you.

  • Minimum balance to open - $100
  • Monthly service charge - $10
  • Requirements to waive monthly service charge – maintain a $1,000 minimum daily balance

Statement Savings

Prepare for the unexpected by putting away excess cash in a Business Savings account. This traditional savings account offers access to funds while earning interest. There is no minimum balance required to earn interest.

  • Minimum balance to open - $100
  • Monthly service charge - $3
  • Requirements to waive monthly service charge – maintain a $100 minimum daily balance
  • ATM Card

Health Savings Account

Does your business offer a high-deductible health insurance policy? If so, Health Savings Accounts are an important component, allowing your employees to save money tax-free for eligible medical expenses. Learn more about Health Savings Accounts at Bar Harbor Bank & Trust.



Services

All savings accounts offer these complimentary convenience services:

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Online Banking1

From a single log in, check your account balance, transfer funds, view eStatements, pay bills, and much more.


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Mobile Banking1

The free app for web-enabled mobile devices like smartphones and tablets lets you bank safely and securely from anywhere.


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Mobile Check Deposit
(for qualified users)1,2

Deposit checks electronically to your account using your smartphone.


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Electronic Monthly Statements and Notices

Receive your statements the day they are released.


All savings and money market accounts earn interest on all balances with tiered rates. Contact us for current rates.


Insured Cash Services

Certificate of Deposit Account Registry Service®, or CDARS®3 and Insured Cash Sweep® Service, or ICS®3

  • Access to multimillion dollar FDIC insurance
  • The ability to forego ongoing collateral tracking

Contact Treasury Services at treasuryservices@barharbor.bank or stop by the nearest Bar Harbor Bank & Trust location to learn more.

  

1Internet service provider fees and/or mobile carrier fees for messaging and data plans may apply.
2To qualify for Mobile Deposit customers must maintain a Bank deposit account in good standing for 60 or more days and are enrolled in Online Banking.
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Additional fees may apply.