Certificates of Deposit & IRAs

Certificates of Deposit

A certificate of deposit (CD) is an FDIC insured1, interest-bearing bank deposit that is held for a specified period of time. In exchange for depositing your money for a specific period of time, the bank pays a fixed interest rate that’s often higher than the rates offered on savings accounts.

At Bar Harbor Bank & Trust, you can:

  • Open a CD with as little as $500; terms from 1 month to 5 years.
  • Make incremental deposits of $250 or greater for terms 1-11 months.
  • Make one fee free withdrawal per term if you have an Advantage CD. $10,000 minimum balance to open, terms of 1-9 months available.

Visit your nearest branch or contact our Customer Service Center at 888-853-7100 to learn about current rates and other specials.

Insured Cash Services

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

  • Access to multi‐million dollar FDIC insurance
  • The ability to forego ongoing collateral tracking

Individual Retirement Accounts

Individual Retirement Accounts (IRAs) are specifically set up to be used during retirement by offering significant tax advantages. The sooner you start saving, the longer your money has to grow.

There are several IRA CD types to choose from with terms of one to five years: Traditional IRA, Roth IRA, and SEP IRA. Looking to lock in a guaranteed return for the term of your IRA? CD IRAs from Bar Harbor Bank & Trust are FDIC insured.1

We can help you understand your IRA options and choose the account that works best for you. Stop by your nearest branch or call us at 888-853-7100 to get started.

Small Business Retirement Planning

If you are self-employed or own your own business, retirement planning is an important part of your business plan. Our Bar Harbor Financial Services team is here to help. Visit our Small Business Retirement Planning page to learn more.


1Bank Deposits such as CDs and IRA CDs are insured by the FDIC up to the applicable limits.

A penalty may be imposed for early withdrawal.