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CDs and IRAs


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.

9-month CD

  • Earn a 4.50% 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.

13-month CD

  • Earn a 4.00% annual percentage yield (APY)2 with our 13-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.

9-month IRA CD

  • Earn a 4.50% 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.

13-month IRA CD

  • Earn a 4.00% annual percentage yield (APY)2 with our 13-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.

5-5-5 IRA CD

Our new 5-5-5 IRA CD2 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 IRA CD, visit your nearest branch.











1 Bank deposits such as CDs and IRA CDs are insured by the FDIC up to the applicable limits.
2 Interest rates and annual percentage yields (APY) are accurate as of 03/01/24. 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.
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Hours And Locations

With over 50 locations across Maine, New Hampshire and Vermont, we’ve got you covered with full-service branches and ATMs.

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Amanda Robbins

Bar Harbor Financial Services

Looking for an alternative to CDs? Talk to our Financial Services Team.

Contact Us Bar Harbor Financial Services