FDIC Insured Investments

Make all your deposits eligible for FDIC insurance by using CDARS®* and ICS*. No need to maintain relationships with multiple banks due to FDIC insurance limits. With CDARS and ICS, you can put excess cash balances to work directly with Bar Harbor Bank & Trust. CDARS and ICS provide easy access to multi-million dollar FDIC insurance coverage.

Earn interest - Put excess cash balances to work in demand deposit accounts, money market deposit accounts, and certificates of deposit all with multi-million dollar FDIC insurance.

Save time - Access multi-million dollar FDIC insurance coverage for all of your deposits through a single bank relationship. 

Enjoy peace of mind - Receive multi-million-dollar FDIC insurance coverage, which is backed by the full faith and credit of the United States Government.

Support your community - Feel good knowing your money on deposit at a local bank will help support lending initiatives to strengthen your community

Insured Cash Sweep – ICS

Through ICS®, the Insured Cash Sweep® service, you can benefit from multi-million-dollar FDIC insurance on funds placed into demand deposit accounts (using the ICS demand option), money market deposit accounts (using the ICS savings option), or both.

Enjoy unlimited withdrawals using the ICS demand option, or up to six withdrawals per month using the ICS savings option.

Certificate of Deposit Account Registry Service - CDARS

  • Enjoy the benefit of investing in a Certificate of Deposit through CDARS:
  • The ease of working directly through your local bank, Bar Harbor Bank & Trust
  • You negotiate one interest rate per maturity on all CD investments using just one bank, rather than having to negotiate multiple rates at multiple banks
  • You can select from various maturities – ranging from 4 weeks to 156 weeks (3 years)
  • Receive just one statement, which details all of your CD investments
  • No hidden fees – you will not be charged annual fees, subscription fees or transaction fees for using CDARS.

Contact your local branch, or a member of the Treasury Services Group at 1-888-853-7100, to put your excess cash balances to work, safely and easily.

*Placement of funds through the ICS or CDARS service is subject to the terms, conditions, and disclosures in the service agreements, including the Deposit Placement Agreement (“DPA”). Limits apply and customer eligibility criteria may apply. In the ICS savings option, program withdrawals are limited to six per month. Although funds are placed at destination banks in amounts that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”), a depositor’s balances at the relationship institution that places the funds may exceed the SMDIA (e.g., before ICS or CDARS settlement for a deposit or after ICS or CDARS settlement for a withdrawal) or be ineligible for FDIC insurance (if the relationship institution is not a bank). As stated in the DPA, the depositor is responsible for making any necessary arrangements to protect such balances consistent with applicable law. If the depositor is subject to restrictions on placement of its funds, the depositor is responsible for determining whether its use of ICS or CDARS satisfies those restrictions. ICS, Insured Cash Sweep, Certificate of Deposit Account Registry Service and CDARS are registered service marks of Promontory Interfinancial Network, LLC, a non-affiliated third-party.