Business Savings Accounts
Choose the account that fits your needs and then take advantage of our convenience services to create a custom banking solution.
All savings accounts offer these complimentary convenience services:
- Bar Harbor Online
- Bar Harbor Mobile
- Mobile Check Deposit (for qualified users)
- Electronic Monthly Statements and Notices
All savings and money market accounts earn interest on all balances with tiered rates. Contact us for current rates.
Withdrawals from a savings or money market account are limited to six per statement cycle when not made in person.
Money Market
Earn market rates on larger balances
- Minimum balance to open - $100
- Monthly service charge - $10.00
- Requirements to waive monthly service charge – Maintain a $1,000 average daily balance
- Debit Card
Statement Savings
A traditional savings account that offers access to funds while earning interest, no minimum balance required to earn interest
- Minimum balance to open - $100
- Monthly service charge - $3.00
- Requirements to waive monthly service charge – Maintain a $100 average daily balance
- ATM Card
New Rules for Opening New Business Accounts!
Effective May 11, 2018, all banks will be subject to new rules under the Bank Secrecy Act requiring us to gather more information when opening new accounts or renewing existing accounts. The rule requires the Bank to obtain, verify and record information about beneficial owners of legal entities. FinCEN has adopted what they describe as a “two pronged” approach to beneficial ownership. The ownership prong includes all natural persons with 25% or more direct or indirect equity interest in a legal entity; while the control prong is a single individual with significant managerial responsibility over the legal entity. We will ask to see each person’s identification and record information from each of them. To help you gather the required information click here to see the Certification Regarding Beneficial Owners of Legal Entity Customers form. Please visit your local branch for more information or call 888-853-7100.