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Savings Accounts


Optimizing your savings is essential to the success of all businesses. At Bar Harbor Bank & Trust, we offer a wide range of solutions to optimize your savings, all with assurance of FDIC protection1.
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 - $100.00
  • Monthly service charge - $10.00
  • Requirements to waive monthly service charge – maintain a $1,000.00 minimum 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 - $100.00
  • Monthly service charge - $3.00
  • Requirements to waive monthly service charge – maintain a $100.00 minimum balance
  • ATM Card2
Health Savings Account
Does your business offer a high-deductible health insurance policy? If so, Health Savings Accounts are an important component of your health plan, giving your employees the opportunity to save money tax-free for eligible medical expenses.

Learn more about Health Savings Accounts at Bar Harbor Bank & Trust.









All savings accounts offer these complimentary services:

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From a single login, check your account balance, transfer funds, view eStatements, pay bills, and much more.
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The free app for web-enabled mobile devices like smartphones and tablets lets you bank safely and securely from anywhere.
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(for qualified users)3,4

Deposit checks electronically to your account using your smartphone.

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® 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.

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 Bank deposits are insured by the FDIC up to the applicable limits
2 Other banks may charge a fee for the use of their ATM. International ATM transactions fees apply.
3 Internet service provider fees and/or mobile carrier fees for messaging and data plans may apply.
Customers are considered eligible to use mobile deposit after enrolling in Online Banking and Mobile Banking and enrolling in mobile deposit. Once enrolled in mobile deposit, there may be a waiting period prior to mobile deposit being enabled within the mobile banking app. For full details about Bar Harbor Online and Bar Harbor Mobile, view the Online Banking Agreement & Disclosure found at www.barharbor.bank.
4 Mobile deposit limits apply.

Additional fees may apply.