Certificate of Deposit (CD)
A CD allows you to earn higher interest rates for depositing your money for a specific period of time. These FDIC insured1, interest-bearing accounts can help you earn a higher fixed interest rate than you might with a traditional savings accounts. At Bar Harbor Bank & Trust, you can:
- Open a CD with as little as $500 with 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 with terms of 1-9 months available
Contact us to learn more and see current rates.
Current CD Specials
For a limited time, you can take advantage of one of our great CD specials:
5-month CD
- Earn a 2.75% annual percentage yield (APY)2 with our 5-month CD special. This CD special is available to 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 or open one online.
6-month CD
- Earn a 4.25% annual percentage yield (APY)2 with our 6-month CD special. This CD special is available to customers with a Relationship Rewards Checking account with Bar Harbor Bank & Trust. This CD special requires a minimum opening deposit of $1,000. It is also available as an IRA CD.
To take advantage of this special, visit your nearest branch.
9-month CD
- Earn a 4.00% annual percentage yield (APY)2 with our 9-month CD special. This CD special is only available to customers with a Relationship Rewards Checking account with Bar Harbor Bank & Trust. This CD special requires a minimum opening deposit of $1,000. It is also available as an IRA CD.
To take advantage of this special, visit your nearest branch.
15-month CD
- Earn a 3.75% annual percentage yield (APY)2 with our 15-month CD special. This CD special is only available to customers with a Relationship Rewards Checking account with Bar Harbor Bank & Trust. This CD special requires a minimum opening deposit of $1,000. It is also available as an IRA CD.
To take advantage of this special, visit your nearest branch.
Individual Retirement Accounts
Individual Retirement Accounts (IRAs) are tax-advantaged accounts specifically set up to be used during retirement. An IRA CD is an IRA where your money is invested in CDs. This means that you can take advantage of the higher interest rates and stability of CD products without the risk of traditional investments such as stocks. By opening a CD as an IRA, you may be able to enjoy tax benefits, but you typically have to wait until the age of 59 ½ to take money out of an IRA without paying a penalty.
The sooner you start saving, the longer your money has to grow. We offer several FDIC insured1 IRA CD options to choose from with terms of 1 month to 5 years including Traditional IRA, Roth IRA, and SEP IRA.
These accounts offer a fixed rate of return to help you grow your retirement savings.
Our team of experts 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.
Current IRA CD Specials
For a limited time, you can take advantage of our IRA CD specials:
5-month IRA CD
- Earn a 2.75% annual percentage yield (APY)2 with our 5-month IRA CD special. This IRA CD special is available to customers with a personal or business checking account with Bar Harbor Bank & Trust. This IRA CD special requires a minimum opening deposit of $500. It is also available as a CD.
To take advantage of this special, visit your nearest branch or open one online.
6-month IRA CD
- Earn a 4.25% annual percentage yield (APY)2 with our 6-month IRA CD special. This IRA CD special is only available to customers with a Relationship Rewards Checking account with Bar Harbor Bank & Trust and requires a minimum opening deposit of $1,000. It is also available as a CD.
To take advantage of this special, visit your nearest branch.
9-month IRA CD
- Earn a 4.00% annual percentage yield (APY)2 with our 9-month IRA CD special. This IRA CD special is only available to customers with a Relationship Rewards Checking account with Bar Harbor Bank & Trust and requires a minimum opening deposit of $1,000. It is also available as a CD.
To take advantage of this special, visit your nearest branch.
15-month IRA CD
- Earn a 3.75% annual percentage yield (APY)2 with our 15-month IRA CD special. This IRA CD special is only available to customers with a Relationship Rewards Checking account with Bar Harbor Bank & Trust and requires a minimum opening deposit of $1,000. It is also available as a CD.
To take advantage of this special, visit your nearest branch.
