A man sitting in front of a laptop on the phone.

CDs and IRAs

Certificates of Deposit

A Certificate of Deposit is a great option for businesses because they allow your company to get the security of fixed returns at competitive interest rates. We'll work with you to determine which of our many CD options best suits your needs. 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 Specials

5-month CD or IRA CD

For a limited time, you can take advantage of great interest rates with the following CD special:

  • 5-month CD with a fixed interest rate of 2.75% annual percentage yield (APY)1 for customers with a personal or business checking account with Bar Harbor Bank & Trust

This CD special requires a minimum opening deposit of $500. It is also available as an IRA CD.

To take advantage of this special, visit your nearest branch.

5-5-5 IRA CD

Our 5-5-5 IRA CD1 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 annual percentage yield (APY) 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 IRA CD 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 CD.

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.

When opening an account at Bar Harbor Bank & Trust, the Beneficial Owner(s) Certification Form must be completed by an individual authorized to open accounts or provide information on behalf of the legal entity. Visit the Beneficial Ownership Certification page to learn more and download the form.

1 Interest rates and annual percentage yields (APY) are accurate as of 06/01/24. Subject to change anytime at Bar Harbor Bank & Trust’s discretion. Offer good for the initial term only. CD early withdrawal penalties may apply and reduce earnings on the account. The account will automatically renew for the same term. The rate is determined based on the published rate for the CD or IRA CD, excluding specials that are close to but not exceeding the term of the CD or IRA CD. 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. Bank deposits such as CDs and IRA CDs are insured by the FDIC up to the applicable limits.
Image of two people looking at a tablet

Commercial 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