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CDs and 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.

Current CD IRA Special

5-5-5 CD IRA

5-5-5 CD IRA logoOur new 5-5-5 CD IRA2 account is great for anyone looking for a risk-free retirement savings option offering solid returns. The account features a 5-year term and 5 great rates, with a $5,000 minimum deposit.

The 5-5-5 is a rising rate IRA CD, which means the rate will increase at the following intervals each year of the 5-year term:

  • Year one: 0.30%
  • Year two: 0.60%
  • Year three: 0.90%
  • Year four: 1.20%
  • Year five: 1.50%

The blended APY is 0.89%

The 5-5-5 CD IRA requires a minimum opening deposit of $5,000 and is available to customers with a Bar Harbor Bank & Trust personal or business checking account. The product is only available as an IRA.

To open a new 5-5-5 CD IRA, visit your nearest branch.

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

Learn more about Insured Cash Services

Small Business Retirement Planning

If you are self-employed or own your own business, retirement planning is an important part of your business plan. We offer SEP IRAs that you can open for the benefit of your employees, or to benefit you as a self-employed individual.

Also, our Bar Harbor Financial Services team is here to help. Visit our Small Business Retirement Planning page to learn more.











1 Bank Deposits such as CDs and IRA CDs are insured by the FDIC up to the applicable limits.
2 Offer good for the initial term only. The account will automatically renew for the same term. The rate is determined based on the published rate for the IRA, excluding specials that is close to but not exceeding the term of the IRA. The interest rate is set at the time the account is opened and cannot change. Blended Annual Percentage (APY) assumes principal and interest remain on deposit for the term of the account.
Certificate of Deposit early withdrawal penalties may apply and reduce earnings on the account.
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Business Checking

We offer a variety of checking accounts and tools to help you simplify your banking, no matter the size of your business.

See account options