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Business CDs and IRAs

Certificates of Deposit

Our certificates of deposit (CD) are FDIC insured1 and offer a fixed guaranteed interest rate for a specified period of time to help you maximize your earnings. Business CDs provide you a safe fixed-rate return and give you growth you can count on.

At Bar Harbor Bank & Trust, you can:

  • Open a CD with as little as $500; terms from 1 month to 5 years.
  • Earn returns that are safe, reliable and guaranteed. Plus, they are backed by the security of FDIC insurance up the maximum limit allowed.

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

Our 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 Planning3

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. Interest rates and annual percentage yields (APY) are accurate as of 07/01/24. Subject to change anytime at Bar Harbor Bank & Trust’s discretion. The rate is determined based on the published rate for the  CD or IRA CD, excluding specials that is 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.

3 Investment and insurance products and services are offered through Osaic Institutions, Inc., Member FINRA(Opens in a new Window) / SIPC(Opens in a new Window). Bar Harbor Financial Services is a trade name of Bar Harbor Bank & Trust. Osaic Institutions and Bar Harbor Bank & Trust are not affiliated. Products and services made available through Osaic Institutions are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of nor guaranteed or insured by any bank or bank affiliate. These products are subject to investment risk, including the possible loss of value.

Certificate of Deposit early withdrawal penalties may apply and reduce earnings on the account.

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Business Checking Accounts

We offer a variety of checking accounts and tools to help you simplify your banking.

See account options

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Treasury Services

Our suite of treasury management and payable processing services can help you improve efficiency, maximize cash flow, and decrease risk.

Explore Treasury Services