Accounts made for you

Banking with Carver - It's the right thing to do.

Your money can work for you.  With a High Yield Savings Account, you'll earn a competitive rate.

  • Earn up to 4.00% Annual Percentage Rate
  • Carver Bank deposits are insured by the FDIC up to $250,000 per individual and $500,000 per joint account
  • Easy sign-up open account in 5 minutes or less
  • Interest compounds daily and is deposited into account monthly
  • Complimentary e-statements
  • Complimentary Visa Debit Card
  • Free Online Banking and Mobile Banking 
  • Zelle
  • Access to free ATMs nationwide with J.P. Morgan, Wells Fargo and Allpoint

Terms & Conditions:

  • This account can only be opened online. It cannot be opened at a Carver Bank branch.
  • To apply online you must be 18 years or older, be a U.S. citizen or resident and have a Social Security Number.
  • Minimum opening deposit $5,000.
  • Minimum average daily balance to waive monthly maintenance service charge: $5,000.
  • Monthly service charge of $5 will be charged if the average daily balance falls below $5,000 in a monthly statement cycle. 
  • Minimum daily balance falls below $5,000, the rate will adjust to the Carver Savings
  • Compounding and Crediting- Interest will be compounded daily and credited monthly.
  • Balance Computation Method - The daily balance method to calculate interest will be used, daily periodic rate is applied to the principal plus the accrued interest each day.
Monthly Fee
  • $25 or Zero
Fee waived with:
  • An average daily balance of $25,000
Monthly Fee
  • $ 5.00
Fee waived with:
  • Average monthly balance of $300 or
  • Monthly direct deposit of $100, or
  • Have at least one repeating automatic transfer of $25 or more from Carver checking each month.
Monthly Fee:
  • $10 or Zero
Fee waived with:
  • A direct deposit with monthly average balance of $10
  • An average monthly balance of $2,000