Bar Harbor Bank & Trust Locations
Follow Us:
Banks » Maine » Bar Harbor » Bar Harbor Bank & Trust

A Comprehensive Guide to Choosing the Best Banks and Bank Rates in Maine

Introduction:

Selecting the right bank is crucial for effective financial management. In Maine, a state with a diverse financial sector, finding the best bank is essential for your financial well-being. In this article, we will explore key factors to consider when choosing a bank in Maine and highlight some of the best bank rates currently available in the state.

Define Your Financial Goals:

Start by defining your financial goals and needs. Assess whether you require basic banking services, specialized accounts, loans, credit cards, or investment opportunities. Understanding your objectives will help you narrow down your options and find a bank that aligns with your specific needs.

Which local bank is the best?
Research Bank Reputation and Stability:

The reputation and stability of a bank are crucial considerations. Look for banks with a strong presence in Maine, a history of reliability, and positive customer feedback. A financially secure bank provides peace of mind and ensures the safety of your funds.

Evaluate the Range of Services:

Consider the range of services offered by each bank. Assess whether they provide convenient online and mobile banking options, accessible ATM networks, and branch locations that suit your preferences. Additionally, look for value-added services such as financial planning assistance, wealth management solutions, or educational resources that can contribute to your financial success.

Assess Fees and Charges:

Compare the fee structures of potential banks, including maintenance fees, ATM fees, overdraft fees, and transaction charges. Carefully review the fee schedules to ensure they align with your banking habits and minimize unnecessary costs. Some banks may offer fee waivers or reduced fees for certain account types, so be sure to review the terms and conditions.

Compare Interest Rates:

Interest rates play a significant role in optimizing your savings and reducing borrowing costs. Look for banks that offer competitive interest rates on savings accounts, certificates of deposit (CDs), personal loans, and mortgages. Higher interest rates can help grow your savings, while lower rates can save you money on loans. Consider associated terms and conditions, such as minimum balances or introductory rates.

Best Bank Rates in Maine:
While specific rates may vary over time, the following banks in Maine have consistently offered competitive rates:
a) Bangor Savings Bank:

With a strong presence in Maine, Bangor Savings Bank offers competitive interest rates on savings accounts, CDs, and mortgage loans.

b) TD Bank:

A trusted financial institution in Maine, TD Bank provides competitive rates on savings accounts, CDs, and personal loans.

c) Norway Savings Bank:

Known for its community focus, Norway Savings Bank offers competitive interest rates on savings accounts, CDs, and mortgage loans.

c) Norway Savings Bank:

Known for its community focus, Norway Savings Bank offers competitive interest rates on savings accounts, CDs, and mortgage loans.

d) Kennebec Savings Bank:

With a wide range of banking products, Kennebec Savings Bank offers competitive rates on savings accounts, CDs, and personal loans.

Conclusion:

Choosing the best bank in Maine involves careful consideration of your financial goals, the bank's reputation and stability, the range of services offered, fee structures, and competitive interest rates. By conducting thorough research and assessing your needs, you can find a bank that provides convenience, security, and favorable rates. Regularly reviewing your banking requirements will ensure that your financial goals continue to be met effectively.

Bar Harbor Bank & Trust Locations


All Locations | Locations by State/City | Zip Code Search

Show all 54 domestic offices, branches & locations

IDBranch NameBranch Address
1
106 HANOVER STREET BRANCH
106 Hanover St, Lebanon NH 03766
2
ANDOVER BRANCH
7 Lawrence St, Andover NH 03216
3
Bar Harbor Bank & Trust
82 Main St, Bar Harbor ME 04609
4
Bedford Branch
3 Kilton Rd, Bedford NH 03110
5
BETHEL/ROYALTON BRANCH
1583 Vt 107, Bethel VT 05032
6
BLUE HILL BRANCH
21 Main St, Blue Hill ME 04614
7
BRADFORD BRANCH
115 E Main St, Bradford NH 03221
8
BRANDON PARK ST
2 Park St, Brandon VT 05733
9
BREWER BRANCH
366 Wilson St, Brewer ME 04412
10
Brunswick Branch
148 Bath Rd, Brunswick ME 04011
11
CLAREMONT BRANCH
345 Washington St, Claremont NH 03743
12
CONCORD LOUDON ROAD BRANCH
8 Loudon Rd, Concord NH 03301
13
DEER ISLE BRANCH
25 Church St, Deer Isle ME 04627
14
ELLSWORTH BRANCH
125 High St, Ellsworth ME 04605
15
ENFIELD BRANCH
468 Us Route 4, Enfield NH 03748
16
GRANTHAM BRANCH
165 Route 10 S, Grantham NH 03753
17
HANOVER BRANCH
68 S Main St, Hanover NH 03755
18
HEATER ROAD BRANCH
200 Heater Rd, Lebanon NH 03766
19
HILLSBORO BRANCH
15 Antrim Rd, Hillsboro NH 03244
20
JUSTIN MORGAN BRANCH
189 Vermont Route 12 S, Randolph VT 05060
21
LUBEC BRANCH
68 Washington St, Lubec ME 04652
22
MACHIAS BRANCH
41 Main St, Machias ME 04654
23
MAIN STREET BANGOR BRANCH
201 Main St, Bangor ME 04401
24
MAIN STREET WATERVILLE BRANCH
335 Main St, Waterville ME 04901
25
MANCHESTER BRANCH
1001 Elm St Ste 101, Manchester NH 03101
26
MILBRIDGE BRANCH
2 Bridge St, Milbridge ME 04658
27
MILFORD BRANCH
32 Elm St, Milford NH 03055
28
NASHUA BRANCH
188 Main St, Nashua NH 03060
29
NEW LONDON MAIN ST BRANCH
321 Main St, New London NH 03257
30
NEW LONDON NEWPORT RD BRANCH
116 Newport Rd, New London NH 03257


Pages:

Bar Harbor Bank & Trust Branches
Bar Harbor Bank & Trust Offices

 

Data by FIDC (The Federal Deposit Insurance Corporation), report date: 2023-06-30

Daily Best Banks' CD Rates

Program
Rate
Bank
1 Yr
5.36%
CIBC Bank USA: 5.36% APY, $1,000 minimum deposit
1 Yr
5.35%
Limelight Bank: 5.35% APY, $1,000 minimum deposit
1 Yr
5.27%
TAB Bank: 5.27% APY, $1,000 minimum deposit
1 Yr
5.26%
First Internet Bank of Indiana: 5.26% APY, $1,000 minimum deposit
1 Yr
5.20%
Bask Bank: 5.20% APY, $1,000 minimum deposit
1 Yr
5.15%
LendingClub Bank: 5.15% APY, $2,500 minimum deposit
1 Yr
5.15%
Popular Direct: 5.15% APY, $10,000 minimum deposit
1 Yr
5.00%
Barclays Bank: 5.00% APY, $0 minimum deposit
1 Yr
5.00%
Capital One: 5.00% APY, $0 minimum deposit

*CD Rates are subject to change without notice and may vary from bank to bank and branch to branch. Please contact your local bank for updated bank CD rates.