Money Market & Personal Savings

Money Market

Our Money Market accounts pay competitive interest rates while providing limited access to your funds. When you maintain higher balances, you receive a higher premium rate, comparable to many Certificates of Deposit, with the convenience of certain features of a Checking account.

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Savings

True financial independence comes to those who save. And when you save with Carver, you have the satisfaction of knowing your money is being invested back into the community.  We offer a variety of savings options with competitive rates, including accounts with variable interest rates that are accessible daily and offer the security of FDIC insurance up to regulatory limits. Our savings account options include:

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Carver Savings

A Carver Savings account will help you start saving for the future, quickly and easily. You can get started with as little as $50.

Relationship Savings

Grow your savings faster with higher interest rates for higher balances. An account best for customers who can maintain a $2,000 minimum daily balance, link to checking, or make a monthly direct deposit.

Youth Savings

An interest-bearing starter account for children under 18 years old. A $10 minimum daily balance is required to avoid a monthly service charge. This is a great way to teach children about money matters while saving for their future.

Holiday Savings

Plan ahead for a holiday, vacation, or any special occasion with this no-monthly-fee savings account requiring only a $25 minimum opening balance.

Certificate of Deposit Accounts

If you don't need immediate access to your money, and want it to grow at a guaranteed interest rate, choose a term ranging from three months to five years for a Certificate of Deposit (CD). Regardless of the term you choose, you will always enjoy competitive CD rates at Carver.

Individual Retirement Accounts

If you're planning for retirement, Carver offers Certificate of Deposit Individual Retirement Accounts (IRAs) from nine months to five years. Individual Retirement Accounts provide income tax advantages to individuals saving money for the purpose of retirement. You can invest money in an IRA up to the limits allowed by the tax law. The contributions, as well as the earnings and gains from these contributions, generally accumulate tax-free until the money is withdrawn. So enjoy your ability to generate additional earnings in a tax-sheltered environment for each year that the funds remain in the account. (Consult your tax advisor.)